LFM Capital has made an investment in Lebanon, Ohio-based Fecon, a maker of heavy-duty forestry mulching equipment and related accessories. No financial terms were disclosed.
NASHVILLE, TN, October 23, 2018 – LFM Capital, a private equity firm focused on growth oriented, lower middle market manufacturing and industrial services businesses, announced today that it has invested in a new portfolio company, Fecon.
Fecon is the leading manufacturer of heavy-duty forestry mulching equipment and related accessories in North America. The company’s products are used for vegetation management, erosion control, general land clearing and habitat restoration and include patented Bull Hog® cutting and mulching attachments, purpose-built vehicle carriers used to maneuver attachments, hydroseeding machines used to distribute erosion control material, and a complementary range of mounted attachments including stump grinders, grapples and shears. Fecon, founded in 1992, is based in Lebanon, Ohio and has 210 employees.
LFM Managing Director Dan Shockley commented, “Fecon is a clear leader in its niche and is highly regarded for the exceptional quality and performance of its products. Partnering with the outstanding team at Fecon, which has a strong record of operational expertise and execution, we plan to further invest in product development and manufacturing with a focus on growing into new markets and executing operational initiatives.”
Fecon’s President, John Heekin, commented, “We are proud of what we have built at Fecon over the last 25 years. We have developed engineering, manufacturing and customer support teams that provide an excellent product and experience for our customers. We are excited to partner with LFM to grow the business and because of the operational experience they bring to help us continue our growth.”
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.
For over 20 years, Fecon has built a reputation for building the most durable mulching head on the market, and that no-compromise approach extends into each of its product lines. Fecon designs and manufactures heavy-duty forestry mulching equipment and related forestry accessories including its patented line of Bull Hog® Attachments (carrier-, skid steer- and excavator-mounted rotational brush cutting and forestry mulching attachments), replacement parts, APEX applicators and a complementary range of mounted attachments such as stump grinders, grapples and shears. Fecon equips its customers with heavy and severe-duty equipment and industry-leading support-after-the-sale. By providing the highest value products and superior service, Fecon forges lasting relationships. www.fecon.com.