LFM Capital Celebrates Ten Years With Closing of Fourth Fund
NASHVILLE, TN – October 10, 2024 – LFM Capital, a private equity firm focused on lower middle market manufacturing and industrial services businesses, announced today that it has closed its fourth fund, LFM Capital Partners IV (“LFM IV” or “Fund IV”) with $462 million in aggregate capital commitments. The closing of Fund IV coincides with LFM’s 10th anniversary since the closing of Fund I and represents the firm’s largest fund to date.
Since its founding in 2014, LFM has continued to build its leading reputation and commitment to invigorating the manufacturing sector in the U.S. and Canada through differentiated first-hand operating experience. The firm has successfully completed 21 platform acquisitions and 29 add-on acquisitions across its three prior funds. The closing of Fund IV brings the firm’s total assets under management to more than $1 billion. Given LFM’s track record of success, Fund IV was oversubscribed with strong interest from both long-standing existing investors and select new investors, allowing for a single close.
Steve Cook, LFM Executive Managing Director, stated, “We are incredibly grateful for the unwavering trust and support from our investors over the past decade. LFM is especially proud to have support from many charitable endowments, which underscores our commitment to making a positive social impact. The success of this fundraise on the firm’s 10th year anniversary is a testament to the strength of our growing team, operational excellence, and consistent results.”
Cook added, “We are excited to build on LFM’s momentum as we continue to partner with management teams to develop world-class operations through our focus on growth and continuous process improvement. The team is extremely enthusiastic about the opportunities ahead for LFM and the manufacturing sector overall.”
Choate Hall & Stewart LLP served as legal counsel for the LFM IV capital raise.
About LFM Capital
LFM Capital is a private equity firm based in Nashville, Tennessee. The LFM team is led by experienced and successful Fortune 50 global executive managers and private equity professionals who bring decades of management leadership, operating best practices, exceptional professional recruiting networks, and a successful track record in lower middle market investing. LFM targets lead or control investments in U.S.-based lower middle market manufacturing and industrial services companies with at least $3 million of EBITDA and enterprise values ranging from $15 million to $125 million. 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. For additional information, please visit www.lfmcapital.com.