Topspin Partners is a private equity firm that focuses on control investments in lower middle-market companies with $2 million to $10 million of EBITDA. We seek to acquire companies that are both defensible and differentiated – that is, (1) the business has characteristics that enable it to compete in the marketplace other than by simply lowering price and (2) its products or services provide a different and, in many cases, unique approach to addressing an existing market need.
Topspin is led by Steve Lebowitz and Leigh Randall, who have worked together for over ten years in building Topspin’s private equity practice. Over this period, Topspin has completed 14 buyout transactions through Topspin Partners II, Topspin Partners LBO and Topspin’s predecessor fund, of which five have been exited. Topspin Partners LBO was Topspin’s first dedicated private equity buyout fund, and was a successor to a buyout effort initiated out of a $213 million predecessor venture capital fund named Topspin Partners, LP. Topspin has strong ties to Long Island, where it was founded in 2000 by Leo Guthart, who ran Ademco, one of the largest manufacturers and distributors of security alarm products, for 36 years, and Jim Simons, a preeminent quantitative hedge fund manager and founder of Renaissance Technologies.