ShopSabre Holdings Names Cody Petersen as Chief Executive Officer
NASHVILLE, TN – June 1, 2023 – ShopSabre Holding Company (“ShopSabre Holdings” or the “Company”), an LFM portfolio company that manufactures CNC routers and plasma tables, has named Cody Petersen as the Company’s Chief Executive Officer. ShopSabre Holdings includes Numerically Automated Cutting Systems, d/b/a ShopSabre, an LFM portfolio company since April 2019, as well as the recent acquisition of Langmuir Systems (“Langmuir”). ShopSabre Founder and CEO Jim Bombardo and Langmuir Founder and CEO Michael Downs will continue in their current leadership roles, partnering with Cody to drive continued growth and collaboration between the two brands.
LFM Managing Director Dan Shockley commented, “We are thrilled to welcome Cody to lead the combined ShopSabre Holdings platform. While the ShopSabre and Langmuir businesses will continue to operate independently, Cody’s diverse leadership experience across product development, operations, and engineering management will be instrumental to maximizing the potential of the newly combined entity.”
Mr. Petersen recently served as CEO of Azul 3D, a leading-edge 3D printing company that uses proprietary technology to industrialize additive manufacturing. Prior to that, he held Vice President roles at Azul 3D and Visionary Training Resources. He has also held various operations and engineering roles at Raytheon Technologies and John Deere.
“I feel privileged to work alongside Jim, Mike, their teams, and LFM, and I am confident that we will continue to drive innovation in the CNC industry,” noted Petersen. “This is an exciting opportunity to develop a holistic growth strategy and drive efficiencies across the platform.”
ShopSabre is a leading designer and manufacturer of CNC routers and plasma tables that are used in various high-precision operations to cut wood, steel, aluminum, and other materials. Its products serve a broad spectrum of customers including individual craftspeople, small businesses, and large corporations. LFM Capital announced ShopSabre’s acquisition of Langmuir Systems in January 2023. Langmuir is a designer and manufacturer of affordable CNC plasma, CNC milling, and welding equipment serving the hobbyist, prosumer, and small business metalworking markets.
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. 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 ShopSabre
Based in Lakeville, Minnesota, ShopSabre is a leading designer and manufacturer of CNC routers and plasma tables used in various high-precision machining operations to cut wood, steel, aluminum, and other materials. For additional information, please visit https://www.shopsabre.com/.
About Langmuir Systems
Based in Conroe, Texas, Langmuir Systems is a designer and assembler of CNC Plasma and Milling equipment, as well as welding tables and accessory items, predominantly for personal and prosumer users. For additional information, please visit https://www.langmuirsystems.com/.