LFM Capital has made an investment in Lakeville, Minnesota-based ShopSabre, a maker of CNC routers and plasma tables. No financial terms were disclosed.
NASHVILLE, TN – May 6, 2019 – 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, ShopSabre. The investment is the first from the firm’s second fund, which closed in October 2018 with $185 million of commitments.
ShopSabre is a leading designer and manufacturer of CNC routers and plasma tables that are used in a variety of high-precision machining operations to cut wood, steel, aluminum and other metals. The company supplies a broad range of customers from small businesses to large corporations as well as individuals and artisans. ShopSabre offers its customers a compelling value proposition by providing industrial quality, high-precision CNC machines at a fraction of the cost of traditional industrial CNC machines. ShopSabre was founded in 2001 and is based in Lakeville, Minnesota.
LFM Managing Director Dan Shockley commented, “ShopSabre has experienced significant growth since its founding by providing a quality product supported by excellent customer service. We are excited to partner with Jim and the ShopSabre team to support their rapid growth by investing in facility expansions and improvements and developing new product models and features.”
ShopSabre’s founder and CEO, Jim Bombardo, added, “This business was launched in 2001 after we crafted a quality CNC machine for our own use because there wasn’t an affordable option in the market. Since that time, we have continuously improved our products while maintaining our focus on quality and affordability. My family and I chose to partner with LFM to support our growth because we felt their operational experience would help us to expand our manufacturing operations without compromising the quality and service that have earned us a loyal following.”
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.
ShopSabre has over 18 years of CNC Manufacturing experience in the United States of America. ShopSabre offers both CNC Router and CNC Plasma tables that are built to be the best in their respective classes. ShopSabre offers a wide product line, making it possible for entry level users to get their first CNC machine and make a dream become reality, with higher end models that enable established production demands to be met with ease and high quality. Not only is ShopSabre helping grow the U.S. economy by building its machines in Lakeville, Minnesota, but also its equipment makes it possible for other businesses to continue to grow and keep their production in house. Quality is always important and support makes a machine even more powerful, which is why the American Made products of ShopSabre are so highly regarded in the industry. For more information contact ShopSabre at 1-800-493-6021 or www.ShopSabre.com.