Transactions

66 transactions. $4.1B in aggregate value.

Every transaction Louie Lee has executed, from investment banking and private equity through six sponsor-backed platforms. Filter by platform, sector or state, or switch to the map and timeline.

Transactions

$4.1B

Aggregate transaction value

Platform acquisitions & de novos

$73M

EBITDA acquired

7.0x

Weighted purchase multiple

States

66 of 66 transactions

Jul 2026Commonwealth Island Capital Personal injury law firm TexasBuy-side acquisition$1–3M EBITDA

Apr 2026Commonwealth Island Capital Personal injury law firm New YorkBuy-side acquisition$1–3M EBITDA

Jul 2025StrideCare Vascular surgery practice South CarolinaBuy-side acquisition$3M+ EBITDA

Jun 2025StrideCare Vascular surgery practice VirginiaBuy-side acquisition$3M+ EBITDA

Oct 2024GI Alliance Gastroenterology practicePractice + ASC South CarolinaBuy-side acquisitionSub-$1M EBITDA

Oct 2024GI Alliance Gastroenterology practice VirginiaBuy-side acquisition$3M+ EBITDA

Sep 2024GI Alliance Gastroenterology practicePhysician tuck-in TexasBuy-side acquisitionSub-$1M EBITDA

Jul 2024GI Alliance Gastroenterology practicePractice + ASCs FloridaBuy-side acquisition$3M+ EBITDA

Jun 2024GI Alliance Gastroenterology practice ConnecticutBuy-side acquisitionSub-$1M EBITDA

Jun 2024GI Alliance Gastroenterology practice New YorkBuy-side acquisition$1–3M EBITDA

May 2024GI Alliance Gastroenterology practice North CarolinaBuy-side acquisition$1–3M EBITDA

May 2024GI Alliance Gastroenterology practiceASC ownership interest WashingtonBuy-side acquisition$1–3M EBITDA

Apr 2024GI Alliance Gastroenterology practice ArizonaBuy-side acquisitionSub-$1M EBITDA

Jan 2024GI Alliance Gastroenterology practicePractice + ASC Rhode IslandBuy-side acquisitionSub-$1M EBITDA

Jan 2024GI Alliance Gastroenterology practicePractice + ASC Rhode IslandBuy-side acquisition$1–3M EBITDA

Jan 2024GI Alliance Gastroenterology practicePractice + ASCs Rhode IslandBuy-side acquisition$3M+ EBITDA

Jan 2024GI Alliance Gastroenterology practice TexasBuy-side acquisition$1–3M EBITDA

Dec 2023GI Alliance Gastroenterology practice TexasBuy-side acquisitionSub-$1M EBITDA

Oct 2023GI Alliance Gastroenterology practice ConnecticutBuy-side acquisitionSub-$1M EBITDA

Jul 2023GI Alliance Gastroenterology practice TexasBuy-side acquisitionSub-$1M EBITDA

Jul 2023GI Alliance Rheumatology practice TexasBuy-side acquisitionSub-$1M EBITDA

Jul 2023GI Alliance Gastroenterology practice ConnecticutBuy-side acquisitionSub-$1M EBITDA

Jun 2023GI Alliance Gastroenterology practice MississippiBuy-side acquisitionSub-$1M EBITDA

Jun 2023GI Alliance Gastroenterology practice WashingtonBuy-side acquisition$1–3M EBITDA

Jun 2023GI Alliance Gastroenterology practice ColoradoBuy-side acquisitionSub-$1M EBITDA

May 2023GI Alliance Gastroenterology practicePractice + ASC MissouriBuy-side acquisition$1–3M EBITDA

Dec 2022RAYUS Radiology Imaging center MissouriDe novo

Dec 2022RAYUS Radiology Veterinary imaging MinnesotaDe novo

Sep 2022RAYUS Radiology Mobile imaging (hospital) TexasDe novo

Sep 2022RAYUS Radiology Veterinary imaging UtahDe novo

Sep 2022RAYUS Radiology Imaging center OregonDe novo

Aug 2022RAYUS Radiology Imaging center MissouriDe novo

Jul 2022RAYUS Radiology Imaging center WashingtonDe novo

May 2022RAYUS Radiology Imaging center FloridaDe novo

Apr 2022RAYUS Radiology Mobile imaging (hospital) TexasDe novo

Mar 2022RAYUS Radiology Imaging center WisconsinDe novo

2017–21†Unifeye Vision Partners Ophthalmology practice1 practice, 3 doctors CaliforniaBuy-side acquisitionSub-$1M EBITDA

2017–21†Unifeye Vision Partners Ophthalmology practice6 practices, 3 ASCs, 9 doctors CaliforniaBuy-side acquisition$1–3M EBITDA

2017–21†Unifeye Vision Partners Ophthalmology practice3 practices, 3 doctors CaliforniaBuy-side acquisition$1–3M EBITDA

2017–21†Unifeye Vision Partners Ophthalmology practice CaliforniaBuy-side acquisitionSub-$1M EBITDA

2017–21†Unifeye Vision Partners Ophthalmology practice1 practice, 1 doctor CaliforniaBuy-side acquisitionSub-$1M EBITDA

2017–21†Caregiver, Inc. I/DD services providerNew-state entry · 17 homes, 4 day centers GeorgiaBuy-side acquisition$1–3M EBITDA

2017–21†Caregiver, Inc. I/DD services providerNew-state entry · 23 homes IndianaBuy-side acquisition$1–3M EBITDA

2017–21†Caregiver, Inc. I/DD services provider7 homes IndianaBuy-side acquisitionSub-$1M EBITDA

2017–21†Caregiver, Inc. I/DD services provider17 homes IndianaBuy-side acquisitionSub-$1M EBITDA

2017–21†Caregiver, Inc. I/DD services provider5 homes IndianaBuy-side acquisitionSub-$1M EBITDA

2017–21†Caregiver, Inc. I/DD services providerNew-state entry · 5 homes 1 day center OhioBuy-side acquisition$1–3M EBITDA

2017–21†Caregiver, Inc. I/DD services provider2 day centers OhioBuy-side acquisitionSub-$1M EBITDA

2017–21†Caregiver, Inc. I/DD services provider25 homes OhioBuy-side acquisitionSub-$1M EBITDA

2017–21†Caregiver, Inc. I/DD services provider5 homes OhioBuy-side acquisitionSub-$1M EBITDA

2017–21†Caregiver, Inc. I/DD services provider12 homes OhioBuy-side acquisitionSub-$1M EBITDA

2017–21†Caregiver, Inc. I/DD services provider2 homes OhioBuy-side acquisitionSub-$1M EBITDA

2017–21†Caregiver, Inc. I/DD services providerin-home supports TennesseeBuy-side acquisitionSub-$1M EBITDA

2017–21†Caregiver, Inc. I/DD services providercarve-out from national non-profit TexasBuy-side acquisition$1–3M EBITDA

2017–21†Caregiver, Inc. I/DD services provider10 homes, 3 day centers OhioBuy-side acquisitionSub-$1M EBITDA

2017–21†Caregiver, Inc. I/DD services provider TexasBuy-side acquisition$1–3M EBITDA

2017Greenhill & Co. Canadian Public Pension ManagerSale of PE fund LP interests NationalLP secondary sale$150M

2017Greenhill & Co. Leading U.S. University EndowmentSale of PE fund LP interests NationalLP secondary sale$2.0B

2017Greenhill & Co. U.S. State Retirement SystemSale of PE fund LP interests NationalLP secondary sale$100M

2017Greenhill & Co. U.S. Public Safety Pension PlanSale of PE fund LP interests NationalLP secondary sale$100M

2017Greenhill & Co. Consumer-focused PE sponsorGP-led continuation vehicle NationalGP-led secondary$100M

2016Greenhill & Co. Confidential SellerSale of PE fund LP interests NationalLP secondary sale$10M

Sep 2015UBS DTZ acquisition of Cushman & Wakefield NationalLead-left acquisition financing$1.1B

Jul 2014Graham Partners Medical products distribution company UtahBuy-side acquisition$3M+ EBITDA

Transactions executed by Louie Lee at prior firms and platforms, 2014–2026. Not Lockstep Partners advisory engagements. Names and prices of acquired businesses are withheld; scale is shown as a target EBITDA tier. Values appear only for banking-era transactions. † Caregiver and Unifeye transactions are grouped 2017–21 by tenure.

Platforms

Six sponsor-backed platforms.

Four as the first M&A hire, building the acquisition program from zero.

2026

Commonwealth Island Capital

Sponsor Argentum + ACIType Law firm MSO · personal injuryStates NY, TX

2deals

2states

2026start

First M&A hire

2025

StrideCare

Sponsor Webster Equity PartnersType Vascular, IR, podiatry & wound care MSOStates SC, VA

2deals

2states

2025start

First M&A hire

2023–24

GI Alliance

Sponsor ApolloType Multi-specialty physician MSO (GI, ASCs)States AZ, CO, CT, FL, MO, MS, NC, NY, RI, SC, TX, VA, WA

23deals

13states

2023start

Sold to Cardinal Health

2022

RAYUS Radiology

Sponsor Wellspring CapitalType Radiology & imaging MSOStates FL, MN, MO, OR, TX, UT, WA, WI

11de novos

8states

2022start

De novo program

2020–21

Unifeye Vision Partners

Sponsor Waud CapitalType Ophthalmology MSOStates CA

5deals

1states

2020start

First M&A hire

2017–20

Caregiver, Inc.

Sponsor DW Healthcare / Council CapitalType Behavioral health (I/DD) platformStates GA, IN, OH, TN, TX

15deals

5states

2017start

First M&A hire

Sold to WindRose Health

Outcomes

Platforms that reached sponsor liquidity.

Platform-level events during Louie’s tenure. Lockstep did not advise on these transactions.

GI Alliance → Cardinal Health

$3.9B

Implied enterprise value (100%)

Structure: Majority recapitalization: 73% for about $2.8B in cash, with a call right on the remainder
Timing: Announced November 2024; closed January 2025
Role: Led M&A: 23 platform and add-on transactions (2023–24)

Caregiver, Inc. → WindRose Health Investors

Undisclosed

Transaction value not public

Structure: Majority recapitalization; DW Healthcare Partners and Council Capital rolled equity
Timing: July 2020
Role: First M&A hire; 15 add-on acquisitions across five states

Sources: Cardinal Health Form 10-K for fiscal 2025; GI Alliance press release, November 11, 2024. Caregiver recapitalization value was not publicly disclosed.

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