EDSCO Fasteners, a portfolio company of LFM Capital, has acquired McKenzie, Tennessee-based Tower Support Services, a provider of foundation anchoring systems for critical infrastructure installations such as power transmission poles and substation structures. No financial terms were disclosed.
DENTON, TX – MARCH 2, 2018 – EDSCO Fasteners is pleased to announce the acquisition of Tower Support Services, LLC. EDSCO, headquartered in Denton, Texas, is a leading supplier of foundation anchoring systems for critical infrastructure installations such as power transmission poles and substation structures. EDSCO has been a portfolio company of Nashville-based LFM Capital since January 2017.
Tower Support Services, LLC (“TSS”), headquartered in McKenzie, Tennessee, is a leading manufacturer and supplier of foundation systems for the electrical transmission, substation, wind energy, lighting, and communication markets.
Richard Butler, President of EDSCO, commented, “As EDSCO is continually looking for ways to improve our level of service and value add options for our customers, TSS’s capabilities and geographic location proved to be a perfect opportunity for us to expand our geographic footprint and service capabilities. We are thrilled to add a Tennessee facility to complement EDSCO’s footprint in Texas, Utah, and North Carolina.”
Craig Schaal, President of TSS, added, “We are excited to join the EDSCO family and the LFM portfolio. By joining EDSCO, we will continue delivering exceptional service, quality, and value to all of our customers.”
EDSCO Fasteners has produced anchor bolts for makers of large steel structures since 1985. Hard work, quality products, on-time service, competitive pricing and the ability to supply full certification of materials have steadily enhanced the company’s position in the industry. Learn more about EDSCO at www.edsco.com.
About LFM Capital
LFM Capital is a Nashville-based private equity firm focused on private lower middle-market U.S. manufacturing and industrial services companies with outstanding growth prospects. LFM currently manages a $110 million private equity fund that targets lead or control investments in market-leading niche manufacturing and industrial services companies with enterprise values in the range of $15 million to $75 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.