ANDY STORM JOINS ECKHART & ASSOCIATES AS CHIEF EXECUTIVE OFFICER
Eckhart & Associates, Inc., a market leader in the design and manufacturing of specialized ergonomic tools and solutions to automotive and industrial manufacturers, announced today it has named Andrew (“Andy”) P. Storm as the company’s Chief Executive Officer. Andy joined the company as its incoming CEO effective July 6, 2015. A graduate fellow of MIT’s Leaders in Global Operations (“LGO”) program, Andy brings world-class academic credentials and best practices in global business, engineering and manufacturing.
LFM CAPITAL ACQUIRES ERGONOMIC TOOLING MANUFACTURER ECKHART & ASSOCIATES
LFM Capital, a private equity firm focused on growth-oriented, lower middle market manufacturing and industrial services businesses, announced today that it completed its acquisition of Eckhart & Associates, Inc., a market leader in the design and manufacturing of specialized ergonomic tools and solutions to automotive and industrial manufacturers.
LFM CAPITAL ANNOUNCES CLOSING OF LFM CAPITAL PARTNERS, L.P. AT $110 MILLION
LFM Capital, LLC, a Nashville-based private equity firm founded in May 2014, announced today that it has closed its first fund, LFM Capital Partners, L.P. (“LFMCP” or “Fund”) with $110.1 million in aggregate capital commitments. LFMCP will focus on private U.S. manufacturing and industrial services companies with enterprise values ranging from $15 to $75 million. The Fund seeks to identify and invest in promising businesses that have developed sustainable competitive advantages and possess untapped growth opportunities.