LFM Capital Announces Sale of Pratt Industries, LLC
NASHVILLE, TN – August 9, 2022 – LFM Capital, a private equity firm focused on lower middle market manufacturing and industrial services businesses, announced today the sale of Pratt Industries LLC’s large custom and specialty utility trailer lines of business. Terms of the transaction were not disclosed.
Pratt Industries, LLC (“Pratt”), headquartered in Bridgman, Michigan, designs and manufactures specialized trailers and chassis including tank container chassis, heavy haul trailers, housing/construction trailers, logging/mining trailers, specialty utility trailers, and various other trailers for niche applications. Pratt has developed a niche for leading both the design and production of highly-engineered specialty trailers with an industry-leading reputation for quality. Pratt’s customers include operators, leasing companies, and dealers of specialty trailers.
Dan Shockley, LFM Managing Director, commented, “We are pleased to have found a long-term home for the company and its employees after having sold the intermodal business in late 2021. We wish the company much success in the years ahead.”
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, visit www.lfmcapital.com.
About Pratt Industries
Pratt Industries, LLC designs and manufactures specialized trailers and chassis including tank container chassis, heavy haul trailers, housing/construction trailers, logging/mining trailers, specialty utility trailers, and various other trailers for niche applications. Pratt has developed a niche for leading the design and production of highly-engineered specialty trailers with an industry-leading reputation for quality. Pratt’s customers include operators, leasing companies, and dealers of specialty trailers primarily located in the U.S. and Canada. Pratt is headquartered in Bridgman, Michigan. For additional information, please visit www.prattinc.com.