Weller Metalworks Adds to Platform with Acquisition of Laser Precision

NASHVILLE, TN – August 10, 2023 – LFM Capital, a private equity firm focused on lower middle market manufacturing and industrial services businesses, announced today that Weller Metalworks, a metal fabrication and precision machining platform, completed the acquisition of Laser Precision (“Laser”). Terms of the transaction were not disclosed.
 
Founded in 1994, Laser Precision is a full-service metal fabricator that provides laser cutting, forming, finishing and powder coating services in addition to engineering and logistics capabilities for industrial equipment OEMs. Laser Precision is based in Libertyville, Illinois.
 
LFM Capital established Weller Metalworks (“Weller” or “the Platform”) to focus on offering complete lifecycle fabrication and machining solutions to OEM customers, from the early stages through production and end-of-life with a focus on integrated digital technologies. Weller recently added Muthig Industries to the platform as the inaugural acquisition.
 
Brian Yoder, Weller President and CEO, commented, “We are thrilled to complete the second acquisition on the Weller Metalworks platform. Laser Precision’s capabilities and high level of performance for their customers will be an asset to other companies on the Platform and will help us to achieve the broader objective of addressing customers’ diverse needs.”
 
Laser Precision Founder Jeff Adams noted, “It is a privilege to join LFM’s Weller Metalworks platform. We are proud of our team’s success in delivering quality parts to our customers with unmatched accuracy and timeliness, and we couldn’t be more excited to pursue this next stage of growth with the guidance and support of Brian and the LFM team.”
 
LFM Managing Director Dan Shockley added, “The addition of Laser Precision highlights the strong early momentum of the Platform. Laser’s cutting-edge commitment to innovation and technological advancements is exactly what the metal fabrication industry needs. We look forward to leveraging LFM’s network to expand capacity and reach new geographies to service additional customers with the highest quality products.”
 
LFM Operating Partner Ken Hoefling, Vice President Russ Aiken and Associate Dalton Gullett worked with Shockley on the transaction.
 
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 Laser Precision
Located in Libertyville, Illinois, Laser Precision is a world-class innovator in metal cutting and fabrication of high-mix parts for industrial equipment OEMs. For more information, please visit https://laserprecision.com/.
 
About Weller Metalworks
Weller Metalworks is a best-in-class fabrication, stamping, machining, and tool & die company that provides over 10,000 part numbers to global OEM customer locations. Through outstanding quality and delivery, Weller offers a consolidated network of companies that collaborate to address customers’ needs across the entire product lifecycle. For more information, please visit https://wellermetal.com/