Lake Capital’s founders, Terry Graunke and Paul Yovovich, raised more than $100 million in equity from private equity firms Frontenac Company, GTCR Golder Rauner, LLC, and a number of entrepreneurial individual investors to form Lighthouse Holdings, an acquisition corporation focused on building and growing a portfolio of diversified marketing services companies. Once equity funding was in place, an additional $100 million in debt financing was secured. The Lighthouse team then completed sixteen acquisitions in the U.S. and internationally to build a company with more than $100 million in net revenues and more than $25 million in EBITDA….
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