LFM Capital LLC has closed its sophomore fund at $184 million. The Nashville-based private equity firm focuses on acquiring private U.S.-based manufacturing and industrial services companies with at least $3 million of EBITDA and valuations ranging between $15 million and $125 million. LFM’s previous fund closed at $110 million.
NASHVILLE, TN, October 12, 2018 – LFM Capital, LLC (“LFM”), a Nashville-based private equity firm founded in May 2014, announced today that it has closed its second fund, LFM Capital Partners II, L.P. (“LFM II” or “Fund II”) with $184 million in aggregate capital commitments.
LFM II received significant investor interest and held a single close less than three months after launching fundraising efforts. LFM’s prior fund had commitments of $110 million. Fund II received strong support from investors in LFM’s first fund as well as select new investors with whom the team had developed relationships over the last two years.
Steve Cook, LFM Executive Managing Director commented, “We are extremely humbled by the level of support and strong investor response for LFM II. We view Fund II’s successful and expeditious capital raise as a testament to our team and our ability to leverage the operating experience of our team to execute improvements in the lower middle market niche manufacturing and industrial services companies that we acquire. We appreciate the support from our long-standing and our new Limited Partners who have entrusted us as stewards of their capital.”
LFM focuses on acquiring private, U.S.-based manufacturing and industrial services companies with at least $3 million of EBITDA and enterprise values ranging from $15 to $125 million. The Firm seeks to leverage the combination of operating and private equity experience of its team to help each portfolio company pursue untapped growth and improvement opportunities while instilling a continuous improvement culture and approach that will set the foundation for strong growth well into the future.
LFM is pleased to announce that several promotions became effective with the close of Fund II. Chris Lin, who joined LFM in 2014 as a Vice President, was promoted to Managing Director. Jessica Ginsberg, who joined LFM in 2015 as Vice President, Business Development, was promoted to Director, Business Development. Noah Krimm, who joined LFM in 2015 as an Associate, was promoted to Vice President.
In addition, LFM has recently added several new members to its team. Myron Reising joined as Portfolio CFO & Operating Partner following 22 years of operational financial management experience, including most recently as Vice President & Chief Financial Officer of Evergreen North America. Russ Aiken, who was previously an Investment Banking Associate at Barclays, and Tucker Cowden, who was previously an Investment Banking Analyst at Jefferies, both joined as Associates.
Choate Hall & Stewart LLP served as legal counsel for the LFM II capital raise.
About LFM Capital
LFM Capital is a Nashville-based private equity firm focused on lower middle market U.S. manufacturing and industrial services companies with outstanding growth prospects. LFM targets lead or control investments in market leading companies with at least $3 million of EBITDA and enterprise values ranging from $15 to $125 million. 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 partners with management teams to drive business value through a combination of manufacturing and operations excellence, world-class executive management, and targeted growth and expansion strategies. For additional information, please visit www.lfmcapital.com.
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