Liquid Tech Solutions Acquired by Velocity Rail Solutions
Deal News | Jul 22, 2025 | Lindsay Goldberg Bessemer
Lindsay Goldberg, a significant private investment firm, announced its exit from Liquid Tech Solutions (LTS), selling the company to Velocity Rail Solutions, a part of the Wind Point Partners portfolio. The transaction details remain undisclosed. LTS, founded in 1998 and based in Stoughton, Massachusetts, has been a market leader in on-site mobile refueling solutions across the US. Under Lindsay Goldberg's ownership since 2020, LTS achieved notable growth, executing 15 strategic acquisitions, expanding to serve all 50 states, and enhancing its revenue and EBITDA by over 150%. The firm also spearheaded advancements in technology, customer experience, and renewable diesel offerings. Appreciating the partnership with Lindsay Goldberg, William McNamara, LTS CEO, heralded the strategic growth achieved, set to continue with the new ownership under Velocity Rail Solutions. With the transaction signifying a successful outcome for all parties, Krishna Agrawal from Lindsay Goldberg praised the effective collaboration and anticipated continued success for LTS. Financial advice for the transaction was provided by Harris Williams, UBS Investment Bank, and Citizens Capital Markets & Advisory.
Sectors
- Private Equity
- Energy
- Transport & Logistics
Geography
- United States – Both LTS and its operations are based in the United States, and the sale involves companies headquartered or operating within the US.
Industry
- Private Equity – Lindsay Goldberg is a private equity firm involved in the sale of Liquid Tech Solutions.
- Energy – LTS provides on-site refueling solutions, making it part of the energy sector.
- Transport & Logistics – The acquisition involves transportation as LTS operates a route-based network for fuel delivery.
Financials
- – Terms of the transaction including the deal price were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Lindsay Goldberg | Seller | Company | A private investment firm specializing in partnerships with families and founders. |
| Liquid Tech Solutions | Target Company | Company | A market-leading, tech-enabled provider of on-site mobile refueling solutions. |
| Velocity Rail Solutions | Buyer | Company | A portfolio company of Wind Point Partners that acquired Liquid Tech Solutions. |
| Wind Point Partners | Related Company | Company | The investment firm that owns Velocity Rail Solutions. |
| Harris Williams | Financial Advisor | Company | Acted as a financial advisor during the transaction. |
| UBS Investment Bank | Financial Advisor | Company | Provided financial advisory services for the transaction. |
| Citizens Capital Markets & Advisory | Financial Advisor | Company | Served as a financial advisor to Liquid Tech Solutions during the sale. |
| William McNamara | CEO | Person | Founder and CEO of Liquid Tech Solutions. |
| Krishna Agrawal | Partner | Person | Partner at Lindsay Goldberg who commented on the transaction. |