LFM Capital exits Eckhart

LFM Capital has sold Eckhart Holdings to Arsenal Capital Partners.

LFM Capital has sold Eckhart Holdings to Arsenal Capital Partners. No financial terms were disclosed. Based in Warren, Michigan, Eckhart is a provider of turn-key systems for industrial companies.


NASHVILLE, TN – January 18, 2021 – LFM Capital, a private equity firm focused on lower middle market manufacturing and industrial services businesses, announced today the sale of Eckhart Holdings, Inc. (“Eckhart”) to Arsenal Capital Partners. Terms of the transaction were not disclosed.

Founded in 1974 and headquartered in Warren, Michigan, Eckhart is an established market leader that designs, builds, and integrates turn-key systems for the largest industrial companies in the world. Eckhart’s suite of solutions includes autonomous guided vehicles, collaborative robotics, 3D printing, automated conveyance & assembly systems, mechanical & electrical design services, and specialized ergonomic assembly line tools and equipment.

Dan Shockley, Managing Director at LFM, commented, “We are extremely pleased with the growth and success of Eckhart during the past six and a half years of our ownership. We commend the entire Eckhart team for their significant operational accomplishments while also managing the integration of six notable add-on acquisitions. We are confident that Eckhart will continue to thrive in its next chapter.”

LFM acquired Eckhart in 2015 and helped to transform the business, building out the senior management team and focusing on driving key growth areas while maintaining crucial business with long-standing customers. During this period, Eckhart opened a new advanced design and manufacturing center and integrated six acquisitions to add complementary capabilities and locations while diversifying end markets.

Eckhart President and CEO Andy Storm added, “In 2015, LFM Capital made a commitment to invest in our employees and help Eckhart build a control, robotic, and automation-based business. LFM’s industry expertise and operational focus were instrumental in helping the Eckhart team grow manufacturing in America, which is an achievement that makes every employee of our company proud. We look forward to working with Arsenal to continue this momentum and further diversify our business in North America and beyond.”

William Blair acted as the financial advisor to Eckhart and LFM Capital. Bass Berry & Sims acted as legal counsel to Eckhart and LFM Capital.

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, visit www.lfmcapital.com.