LFM Capital Adds New Portfolio Company: Accelevation, LLC
NASHVILLE, TN – August 30, 2022 – LFM Capital, a private equity firm focused on lower middle market manufacturing and industrial services businesses, announced today that it has invested in Accelevation LLC (“Accelevation”). Accelevation will be the third portfolio company in LFM’s third fund. Financial terms of the transaction were not disclosed.
Accelevation is a vertically integrated group of manufacturing companies serving the data center, electric vehicle, and robotic markets. The Company’s subsidiary divisions include Conatech, a leading provider of containment and infrastructure solutions to the data center market, and SkyLab, a provider of extrusion components and in-plant material management and engineering support to advanced manufacturing facilities. Accelevation is headquartered in Springboro, Ohio.
LFM Executive Managing Director, Steve Cook, commented, “We were extremely impressed with Accelevation’s management team as well as the company’s notable recent performance. Further, we felt an immediate cultural fit with LFM given our aligned core values of integrity and trust. We look forward to partnering with Michael and the rest of the Accelevation team to enable continued high growth.”
Accelevation President and CEO, Michael Rubiera, stated, “Accelevation was founded with the intent to accelerate innovation and to value curiousity when seeking solutions. LFM’s manufacturing expertise and operating and engineering backgrounds were truly differentiating, and will be crucial to fueling our expansion.”
Chris Lin, LFM Managing Director, added, “LFM is excited about the opportunities in the high-growth data center market. Conatech has rapidly built an impressive customer base, including multiple hyperscalers, which we believe will continue to grow given the company’s industry-best lead times and superior service capabilities.”
Associate Jack Jeffrey worked with Cook and Lin on the investment from LFM. Jessica Ginsberg, LFM Managing Director, Business Development, helped source the opportunity. Baird Business Owner Solutions acted as financial advisor and Robbins, Kelly, Paterson & Tucker acted as legal advisor to Accelevation. Bass, Berry & Sims acted as legal counsel to LFM.
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 Accelevation
Based in Springboro, OH, Accelevation is a vertically integrated group of manufacturing companies serving the data center, electric vehicle and robotic markets. The company’s subsidiary divisions include Conatech, a leading provider of containment and infrastructure solutions to the data center market, and SkyLabs, a provider of extrusion components and in-plant material management and engineering support to advanced manufacturing facilities. Accelevation’s primary product line includes hot-aisle and cold-aisle containment solutions to leading data center builders and operators. For additional information, please visit www.accelevationllc.com.