LFM Capital has made an investment in SureKap, a Winder, Georgia-based maker of automated packaging machinery. No financial terms were disclosed.
NASHVILLE, TN – January 11, 2022 – LFM Capital, a private equity firm focused on lower middle market manufacturing and industrial services businesses, announced today that it has invested in a new portfolio company, SureKap Inc. (“SureKap”). Financial terms of the transaction were not disclosed.
Founded in 1987, SureKap is a Winder, GA-based manufacturer of automated packaging machinery used in a variety of industries, including food & beverage, pharmaceuticals, nutraceuticals, and cosmetics. The Company’s product offering includes cappers, conveyors, tables, and fillers; additionally, SureKap offers parts & service support to its customers, both domestic and international.
LFM Managing Director Dan Shockley commented, “We are excited about the opportunity to partner with the entire SureKap team. Greg has done an outstanding job over the past 30+ years developing SureKap into a leading source for high quality packaging equipment. Moreover, we believe the company is very well-positioned to benefit from the adoption of automation across the highly fragmented U.S. packaging industry and look forward to supporting the team in this next phase of growth.”
SureKap Founder and President, Greg Raines, noted, “We are extremely proud of our established reputation for honesty, quality and reliability which has solidified our deep, long-standing customer relationships. To that end, we are thrilled to work with LFM given their strong partnership approach and emphasis on maintaining company culture and values. We intend to leverage LFM’s operational expertise and expansive manufacturing network to grow our team, capacity and capabilities.”
“SureKap truly differentiates itself from other packaging machinery manufacturers through its proprietary machinery, extensive product library, and best-in-class engineering support,” continued LFM Managing Director Conner Harris. “Greg has built a business with a unique value proposition and we are excited to further invest in the Company’s technology and team to continue driving that value proposition.”
Associate Jack Jeffrey worked with Shockley and Harris on the investment from LFM. Ryan Richardson, LFM Business Development Associate, helped source the opportunity.
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, please visit www.lfmcapital.com.