LFM Capital Announces Sale of Pratt Industries, LLC
NASHVILLE, TN – August 9, 2022 – LFM Capital, a private equity firm focused on lower middle market manufacturing and industrial services businesses, announced today the sale of Pratt Industries LLC’s large custom and specialty utility trailer lines of business. Terms of the transaction were not disclosed.
Steve Cook and the Making of an Operator-First Private Equity GP
My guest today is Steve Cook, Executive Managing Director at LFM Capital. LFM is a Nashville-based private equity firm founded by operators and engineers. Their focus is on niche manufacturing and industrial services businesses. LFM was founded in 2014 to invest in private, lower-middle-market manufacturing companies. Steve co-founded LFM Capital and brings over 29 years of operating experience, having served in a variety of senior executive and functional roles in manufacturing, supply chain, engineering, technology, and sales.
SureKap Names Mike May as Chief Executive Officer
SureKap, LLC, an LFM portfolio company and manufacturer of automated packaging machinery used in a variety of industries, has named Mike May as Chief Executive Officer, effective June 2022. Greg Raines, SureKap Founder and President, will become an Advisor to the company.
LFM Capital Adds New Portfolio Company: Novex, Inc.
NASHVILLE, TN – June 28, 2022 – LFM Capital, a private equity firm focused on lower middle market manufacturing and industrial services businesses, announced today that it has partnered with Novex, Inc. (“Novex”). Chuck Lynn, Novex Founder and CEO, and his family will continue to be substantial investors in the business alongside LFM. Novex will be the second portfolio company in LFM’s third fund. Financial terms of the transaction were not disclosed.
LFM Capital Completes Sale of Vektek
NASHVILLE, TN – May 10, 2022 – LFM Capital, a private equity firm focused on lower middle market manufacturing and industrial services businesses, announced today the sale of Vektek, LLC (“Vektek”). Terms of the transaction were not disclosed.
The LFM Quarterly // The Team Building Edition
In late February, the entire LFM Capital team made the journey to Team Trek in Tumbling Shoals, AR for an entire week of team building, leadership training, and good old-fashioned bonding. Team Trek has been building people and connecting teams since 1994. The LFM team had been once before, in 2019, however, the team has grown considerably since then!
LFM Capital Portfolio Company PSI Power and Controls Acquires Salient Power Solutions
NASHVILLE, TN – April 6, 2022 – LFM Capital announced today that portfolio company PSI Power & Controls (“PSI”) has acquired Salient Power Solutions, LLC (“Salient”), a leading manufacturer of switchboards, switchgear, and power solutions. Financial terms of the transaction were not disclosed.
LFM CAPITAL ANNOUNCES CLOSING OF THIRD FUND AND TEAM PROMOTIONS
LFM Capital announced today that it has closed its third fund, LFM Capital Partners III (“LFM III” or “Fund III”) with $307 million in aggregate capital commitments.
