LFM Capital Adds to Automated Packaging Platform with AB Technology
NASHVILLE, TN – October 1, 2024 – LFM Capital, a private equity firm focused on lower middle market manufacturing and industrial services businesses, announced today that portfolio company, SureKap LLC (“SureKap”) has acquired AB Technology, Inc. (“AB Technology”, “ABT”, or the “Company”). Financial terms of the transaction were not disclosed.
SureKap provides automated packaging equipment to a variety of industries, including food & beverage, pharmaceuticals, nutraceuticals, and cosmetics. Additionally, SureKap offers parts and service support to its customers, both domestic and international. Since LFM’s acquisition of SureKap in December 2021, the company acquired Volumetric Technologies, a manufacturer of custom liquid filling equipment, in 2023, and Technical Beverage Services, a manufacturer of high-quality replacement parts for fillers, cappers and box makers, in 2024.
AB Technology is an automation engineering company and an industry leader for manufacturing high-speed labeling and padding systems focused primarily on hard-to-denest products in the food packaging industry. AB Technology is based in Torrance, CA.
LFM Managing Director, Conner Harris, noted, “We are thrilled to incorporate AB Technology into the broader SureKap business as we continue to establish a ‘one-stop-shop’ automated packaging solution. The Company’s equipment is extremely versatile and adaptable to various applications, while also allowing for expansion and scalability.”
Ante Baskovic, AB Technology Founder and President, commented, “Over the past 30 years, we have maintained a steadfast focus on the design and engineering of best-in-class labeling and padding systems. We are excited to work with the teams at LFM and SureKap to offer our efficient, reliable, and flexible labeling system to even more customers.”
LFM Operating Partner, Richard Butler, added, “AB Technology’s expertise in high-performance label applicating machines will create a broader packaging product suite and a more wholesome solution to customers’ complex packaging needs. LFM is looking forward to this important next step in the expansion of our automated packaging platform.”
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 SureKap
Based in Winder, GA, SureKap is a manufacturer of packaging machinery used in a variety of industries, including food & beverage, pharmaceuticals, nutraceuticals, and cosmetics. SureKap’s product offering includes cappers, conveyors, tables, and fillers, as well as parts & service support to its customers. For additional information, please visit www.surekap.com.
About AB Technology
Based in Torrance, CA, AB Technology is an automation engineering company and an industry leader for manufacturing high-speed labeling and padding systems focused primarily on the food packaging industry. The modular design of the Company’s labeling systems makes the equipment adaptable for customer applications and easy to maintain. For more information, please visit https://www.abtechnologyinc.com/.