LFM Capital Adds to Automated Packaging Platform with Technical Beverage Services
NASHVILLE, TN – July 23, 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 Technical Beverage Services (“Technical Beverage”, “TBS”, 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. SureKap has been a portfolio company of LFM since December 2021. SureKap also acquired Volumetric Technologies, a manufacturer of custom liquid filling equipment, in 2023. The combined company is well-postioned to benefit from the adoption of automation in the U.S. packaging industry.
Technical Beverage manufactures high quality replacement parts for high speed fillers, cappers and box makers as well as offers a large array of replacement capper knives, gripper chains for rinsers, lowerators, and elevators. The Company is based in Telford, TN.
LFM Managing Director, Conner Harris, commented, “The addition of Technical Beverage to the SureKap platform creates a complementary, unique and scalable business with a dedicated team focused on both parts and services. This brings us closer to offering customers a one-stop solution to all of their automated packaging needs.”
James Horne, Technical Beverage President, said, “I look forward to working with the SureKap and LFM teams to scale the combined business and continue our commitment to superior service while providing quality parts at reasonable prices.”
LFM Operating Partner, Richard Butler, added, “It is an exciting time in the packaging machinery space as we continue to drive towards automated solutions. TBS’ specific expertise in conjunction with its extensive network of service technicians will help to enhance overall service to our customers.”
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, and offers parts & service to its customers. For additional information, please visit www.surekap.com.
About Technical Beverage Services
Technical Beverage Services is a manufacturer of high quality replacement parts for Simonazzi, KHS, Crown, and Krones fillers at affordable prices. The Company also offers a large array of replacement capper knives and gripper chains for rinsers, lowerators and elevators. For additional information, please visit www.tbsparts.com.