LFM Capital Adds New Portfolio Company: APQS
NASHVILLE, TN – January 25, 2023 – LFM Capital, a private equity firm focused on lower middle market manufacturing and industrial services businesses, announced today that it has invested in a new portfolio company, APQS. The investment is the fourth portfolio company in LFM’s third fund.
APQS is a leading designer and manufacturer of longarm quilting machines used by hobbyist and professional quilters. The Company has established itself as a premium brand in the longarm quilting space, attracting loyal followers due to its excellent product quality, extensive customer support, and ease of product use. APQS was founded in 1982 and is based in Carroll, Iowa.
LFM Managing Director Chris Lin commented, “We are thrilled to add APQS to the LFM portfolio. Over the past 40 years, APQS has developed a strong brand name in the quilting community, known for producing durable and user-friendly machines. We look forward to partnering with the APQS team to take the company to new heights.”
APQS President Jim Langland said, “It has been an immense source of pride to witness the growth of APQS over the last 20 years. This success is a testament to the hard work and dedication of our team, and a reflection of the trust and loyalty of our valued customers. We are excited to partner with LFM to leverage their operational expertise and drive future growth.”
LFM Operating Partner Ken Hoefling added, “We have been incredibly impressed by APQS’ strong culture as well as their operational capabilities, and we look forward to working together to drive the next phase of success for the company.”
Senior Associate Alex Weinstein worked with Lin and Hoefling on the investment from LFM. Managing Director Jessica Ginsberg helped source the opportunity.
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.
About APQS
Based in Carroll, Iowa, APQS is adesigner and manufacturer of longarm quilting machines used by hobbyist and professional quilters. APQS was built on four key pillars: quality, innovation, excellence, and customer service. For additional information, please visit www.apqs.com.