The LFM Quarterly // 2020: Year in Review
New Partnerships
We are proud to have added two new platform companies to the portfolio in PSI Control Solutions, a manufacturer of electrical control panels and emergency power products, and Diamabrush, a manufacturer of concrete polishing and resurfacing products. In addition to these exciting new platform deals, our portfolio company, J&E Precision, completed a transformational add-on acquisition of a precision aerospace and defense component manufacturer. Stay tuned for more details.
A Successful Exit
LFM celebrated our first exit in the sale of EDSCO Fasteners, a leading supplier of foundation anchoring systems for critical infrastructure installations. With LFM’s support, EDSCO completed two acquisitions that expanded EDSCO’s footprint and capabilities, including new manufacturing and galvanizing processes. LFM also invested in a world-class management team and supported investments in business development and partnerships with key suppliers. These initiatives resulted in strong growth over our hold period and significantly expanded EDSCO’s path to new customers and new markets.
Firm-wide Initiatives and Growth
New Videos
LFM completed a website refresh at www.lfmcapital.com that reflects our focus on lower middle-market manufacturing. Here are two owner testimonial videos highlighting our passion for partnering with management teams to take companies to the next level:
Partnering with Fecon for Next Level Growth
Transforming On-Time Delivery at J&E Precision
New Faces
We added new associate, Alex Weinstein. Alex joins us from the Zabel Companies, a Charlotte-based generalist private investment firm focused on the lower middle market. Alex grew up in Memphis and enjoys golf, live music and southern food. We are thrilled to have him on the team!
Here's what our business owners and CEOs said about LFM this year:
“LFM had a vibe of trustworthiness and expertise. They did their homework and caught on quickly to our model. We knew LFM would help make us better and that we’d get along.”
- John Heekin, Former Owner, Fecon
“LFM gives us the freedom to be successful – they don’t make us follow a simple formula. They provide us real support and help ensure that our team achieves our goals.”
- Greg Kelly, CEO, Heartland Steel Products
“The LFM team is down-to-earth and approachable. They are operators first and were upfront and honest every step of the way.”
- Jim Bombardo, Owner and CEO, ShopSabre
“LFM was a tremendous partner for EDSCO. They have listened to us and let us do our job, but they have also enabled us to accomplish real growth initiatives.”
- Richard Butler, CEO, EDSCO
A Good Year to be a Dog
Last but not least, a few folks at LFM added some paws to their packs...
ABOUT LFM CAPITAL
LFM Capital is a private equity firm based in Nashville, Tennessee. The firm’s mission is to partner with portfolio company management to develop and build world-class operations through a combination of manufacturing and operations excellence and targeted growth and expansion strategies.