M&A Deal Summary

Arsenal Capital Partners Acquires Invio Automation

On January 18, 2022, private equity firm Arsenal Capital Partners acquired machinery company Invio Automation from LFM Capital

Acquisition Highlights
  • This is Arsenal Capital Partners’ 1st transaction in the Machinery sector.
  • This is Arsenal Capital Partners’ 45th transaction in the United States.
  • This is Arsenal Capital Partners’ 1st transaction in Michigan.

M&A Deal Summary
Date 2022-01-18
Target Invio Automation
Sector Machinery
Buyer(s) Arsenal Capital Partners
Sellers(s) LFM Capital
Deal Type Secondary Buyout
Advisor(s) William Blair (Financial)
Bass, Berry & Sims (Legal)

Target

Invio Automation

Lansing, Michigan, United States
Invio Automation 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. Invio Automation was formed in 1974 and is based in Lansing, Michigan.

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Buyer(S) 1

Buyer

Arsenal Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Arsenal Capital Partners is a private equity firm focused on middle-market healthcare, specialty industrial, and financial service companies. Specifically, Arsenal looks to acquire businesses in the areas of specialty chemicals, aerospace/defense, transportation, environmental services, business services, insurance, asset management, financial technology, medical products, healthcare IT, and healthcare contract research/manufacturing. The Firm typically seeks to commit $50 to $300 million per investment in profitable businesses with at least $10 million of EBITDA. Funds are generally used to support buyouts, recapitalizations, growth financings, consolidations, and divestitures. The Firm avoids investing in companies reliant on high levels of technology. Arsenal Capital Partners was formed in 2000 and is headquartered in New York City.

DEAL STATS #
Overall 50 of 57
Sector (Machinery) 1 of 1
Type (Secondary Buyout) 11 of 15
State (Michigan) 1 of 1
Country (United States) 45 of 50
Year (2022) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 AvCarb

Lowell, Massachusetts, United States

AvCarb is a manufacturer of application-enabled carbon components for hydrogen fuel cells and electrolyzers, flow batteries, automotive and industrial applications. AvCarb's main products include engineered carbon-based products, such as advanced gas diffusion layers and molded graphite layers, woven carbon fabrics, and carbon felts used in electrochemical and friction applications. AvCarb is based in Lowell, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-20 Headwall

Bolton, Massachusetts, United States

Headwall designs and manufactures hyperspectral solutions and technologies for the industrial, government, academic, and research end markets. Headwall’s products operate across the spectral range to analyze complex hyperspectral images and provide actionable insights to its customers. Headwall was founded in 2003 and is based in Bolton, Massachusetts.

Buy -

Seller(S) 1

SELLER

LFM Capital

Investor Investor Investor Investor Investor

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 4 of 7
Sector (Machinery) 2 of 2
Type (Secondary Buyout) 3 of 4
State (Michigan) 1 of 2
Country (United States) 4 of 7
Year (2022) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Fecon

Lebanon, Ohio, United States

Fecon is a manufacturer of heavy-duty forestry mulching equipment and related accessories in North America. The company’s products are used for vegetation management, erosion control, general land clearing and habitat restoration and include patented Bull Hog cutting and mulching attachments, purpose-built vehicle carriers used to maneuver attachments, hydroseeding machines used to distribute erosion control material, and a complementary range of mounted attachments including stump grinders, grapples and shears. Fecon was formed in 1992 and is based in Lebanon, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-10 Vektek

Emporia, Kansas, United States

Vektek is a designer and manufacturer of hydraulic clamps and related products that are used to secure parts during the metal cutting process associated with CNC machining. Vektek’s extensive product offering of highly-engineered workholding products includes hydraulic clamps, work supports, cylinders, valves, and power supplies. Vektek serves a loyal, highly diverse, and global customer base primarily comprised of end users that machine high-volume precision parts themselves and fixture builders that manufacture and assemble workholding devices that are sold to end users. Vektek’s products serve a wide range of industries including automotive, rail, agriculture, and aerospace. Vektek was founded in 1974 and is based in Emporia, Kansas.

Sell -
Mergr

Product

Company

Legal