GTCR Makes Growth Investment in Lexipol
GTCR, a leading private equity firm, today announced it will make a significant growth investment in Lexipol, a leader in policy, training and wellness support software for first responders and public servants.
Founded in 2003, Lexipol provides public safety agencies and local governments with essential policy content, online training programs, grant services, health and wellness resources, and timely news and analysis to enable them to best serve their communities. Lexipol's solutions are tailored for the unique needs of law enforcement, fire, corrections and EMS professionals, helping first responders operate professionally, responsibly and safely. Lexipol serves more than two million public safety and government professionals in over 8,000 agencies and municipalities across the United States.
"We have been fortunate to work with The Riverside Company, which has enabled Lexipol to grow exponentially over the last seven years," said Lexipol CEO Chuck Corbin. "Now we look forward to building on this foundation with GTCR as we expand our offerings to best support public servants as they work to protect and enhance our communities."
The new investment from GTCR will allow Lexipol to increase its purpose-built SaaS-based platform and content, expand its go-to-market teams, and broaden the company's product suite for current and prospective customers.
"The Lexipol management team and its founders have built a great business through strong execution and focus," said Craig Bondy, Managing Director at GTCR. "We are excited to work with a market-leading company in this critical sector and help identify additional opportunities for the future," added Mark Anderson, Managing Director at GTCR.
Berenson & Co served as financial advisor and Kirkland & Ellis served as legal advisor to GTCR. The transaction is subject to customary closing conditions.