Lightyear Capital to acquire Schellman & Company.

Lightyear Capital, a private equity firm, agreed to acquire Schellman & Company, an accounting services provider. Financial terms were not disclosed. "We are excited to invest alongside Avani Desai and the management team at Schellman working to support key organic and M&A growth opportunities. The company is well-positioned in the market for cybersecurity and IT audits for continued growth. We look forward to our working together and the Company’s continued success," Mark F. Vassallo, Lightyear Managing Partner.