LFM Capital sells Pratt Industries Intermodal Chassis

LFM Capital has sold Pratt Industries Intermodal Chassis to the North American Chassis Pool Cooperative.

LFM Capital has sold Pratt Industries Intermodal Chassis to the North American Chassis Pool Cooperative. No financial terms were disclosed. Based in Bridgman, Michigan, Pratt is a provider of specialized trailers and chassis including intermodal chassis, heavy haul trailers, housing/construction trailers, logging/mining trailers, and various other trailers for niche applications.

PRESS RELEASE

NASHVILLE, TN – December 8, 2021 – LFM Capital, a private equity firm focused on lower middle market manufacturing and industrial services businesses, announced today the sale of Pratt Industries Intermodal Chassis to the North American Chassis Pool Cooperative (NACPC). The company, named “Pratt Intermodal Chassis, LLC”, will operate as a subsidiary of NACPC. LFM Capital will retain ownership of Pratt Industries’ remaining business focused on large, custom trailers as well as specialty, utility trailers.

Pratt Industries, LLC (“Pratt”), headquartered in Bridgman, Michigan, designs and manufactures specialized trailers and chassis including intermodal chassis, heavy haul trailers, housing/construction trailers, logging/mining trailers, and various other trailers for niche applications. Pratt has developed a niche for leading both the design and production of highly-engineered specialty trailers with an industry leading reputation for quality. Pratt’s customers include operators, leasing companies, and dealers of specialty trailers.

Dan Shockley, Managing Director at LFM, commented, “We are very pleased with Pratt’s growth over the past few years, particularly in light of the challenging supply chain environment. With the sale of the intermodal business, we are excited to now focus exclusively on improving and expanding the remaining large custom and utility trailer business lines.”

Richard Butler, CEO of Pratt, added “We are fortunate to have found such a fitting long-term home for Pratt’s intermodal business with NACPC. This transaction will enable NACPC to offer premium intermodal chassis to customers through a vertically integrated solution, while allowing Pratt to concentrate on its historic custom and utility trailer business lines.”

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.