M&A Deal Summary

LFM Capital Acquires Eckhart

On June 17, 2015, private equity firm LFM Capital acquired machinery company Eckhart

Acquisition Highlights
  • This is LFM Capital’s 1st transaction in the Machinery sector.
  • This is LFM Capital’s 1st transaction in the United States.
  • This is LFM Capital’s 1st transaction in Michigan.
Investment Fate
  • Eckhart was sold to a consortium of financial buyers in 2022.

M&A Deal Summary
Date 2015-06-17
Target Eckhart
Sector Machinery
Buyer(s) LFM Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Eckhart

Lansing, Michigan, United States
website
Eckhart designs, builds, and sustains advanced industrial solutions used to solve complex manufacturing needs. The company's proven portfolio of Industry 4.0 technology includes autonomous guided vehicles (AGVs), collaborative robot systems, traditional robotics, assembly automation & simulation, 3D printing tool development & production, and Factory of the Future consulting for manufacturers. Eckhart was formed in 1974 and is based in Lansing, Michigan.

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Buyer(S) 1

Buyer

LFM Capital

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2014
PE ASSETS 110M USD
Size Small
Type Sector Agnostic
DESCRIPTION

LFM Capital is a private equity investor focused on acquiring North American manufacturing and industrial services businesses. The Firm looks to invest in lower middle-market companies generating sales of $10 to $150 million and EBITDA between $3 and $15 million. LFM Capital was founded in 2014 and headquartered in Nashville, Tennessee.

DEAL STATS #
Overall 1 of 20
Sector (Machinery) 1 of 6
Type (Buyout (LBO, MBO, MBI)) 1 of 6
State (Michigan) 1 of 4
Country (United States) 1 of 20
Year (2015) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Heartland Steel Products

Marysville, Michigan, United States

Heartland Steel Products is a manufacturer of engineered structural steel platforms and mezzanine systems for warehousing and distribution facilities. Heartland Steel Products was established in 2008 and is based in Marysville, Michigan.

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