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M&A Deal Summary

Olympus Partners Acquires Accelevation

On January 2, 2025, private equity firm Olympus Partners acquired manufacturer Accelevation from LFM Capital and Tecum Capital

Acquisition Highlights
  • This is Olympus Partners’ 4th transaction in the Manufacturing sector.
  • This is Olympus Partners’ 52nd transaction in the United States.
  • This is Olympus Partners’ 3rd transaction in Ohio.

M&A Deal Summary
Date 2025-01-02
Target Accelevation
Sector Manufacturing
Buyer(s) Olympus Partners
Sellers(s) LFM Capital
Tecum Capital
Deal Type Secondary Buyout

Target

Accelevation

Miamisburg, Ohio, United States
Accelevation is a vertically integrated group of manufacturing companies serving the data center, electric vehicle, and robotic markets. Its primary product line includes hot-aisle and cold-aisle containment solutions for leading data center builders and operators. Accelevation was founded in 2018 and is based in Miamisburg, Ohio.

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Buyer(S) 1

Buyer

Olympus Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 8.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Olympus Partners is a private equity group focused on investing in growth companies with strong management, and positions in their respective markets. The Firm will consider both venture capital and private equity investments and looks to commit $75 to $500 million per transaction. The Firm focuses its investment activities within the business services, healthcare, financial services, consumer, restaurant, software/IT services, and logistics/transportation industries. Olympus Partners was formed in 1988 and is based in Stamford Connecticut.

DEAL STATS #
Overall 54 of 55
Sector (Manufacturing) 4 of 4
Type (Secondary Buyout) 30 of 31
State (Ohio) 3 of 3
Country (United States) 52 of 53
Year (2025) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-17 Rise Baking

Minneapolis, Minnesota, United States

Rise Baking is a manufacturer of premium cookies, dessert bars, artisan breads, and flatbreads. Rise Baking was founded in 2013 and is based in Minneapolis, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-24 PAI Pharma

Greenville, South Carolina, United States

PAI Pharma manufactures and markets generic oral liquid pharmaceuticals in the USA. PAI has been at the forefront of producing high-demand, as well as hard-to-find, oral suspensions, solutions, elixirs, syrups, and liquids for over 50 years. Core product categories include analgesic pain relief, cough/cold and allergies, digestive and metabolic health, neurological disorders, and mental health, among many others. PAI Pharma was founded in 1968 and is based in Greenville, South Carolina.

Buy -

Seller(S) 2

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 8 of 8
Sector (Manufacturing) 3 of 3
Type (Secondary Buyout) 5 of 5
State (Ohio) 2 of 2
Country (United States) 8 of 8
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-17 Salient

Charlotte, North Carolina, United States

Salient is a manufacturer and assembler of custom electrical control panels and emergency power products. Salient's offerings include control panels, low and medium-voltage starters, VFD panels, power-metering equipment, transfer switches, and generator tap boxes for Original Equipment Manufacturers (OEM) within a wide variety of commercial and manufacturing industries. Salient was formed in 1961 and is based in Charlotte, North Carolina.

Sell -
SELLER

Tecum Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tecum Capital is a private equity firm focused on lower middle-market companies across the Eastern-US. Tecum will consider a variety of investment situations including leveraged buyouts, management buyouts, successions, strategic acquisitions, growth capital financings, and recapitalizations. Investment sizes range from $5 - $20 million. Industries of interest include manufacturing, plastics, specialty distribution, technology, healthcare services, defense, food, and business/consumer services. Tecum will not consider investments in start-ups or real estate. Tecum Capital was formed in 2005 and is based in Wexford, Pennsylvania.

DEAL STATS #
Overall 25 of 25
Sector (Manufacturing) 3 of 3
Type (Secondary Buyout) 7 of 7
State (Ohio) 3 of 3
Country (United States) 25 of 25
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-21 Kadon

Rockford, Illinois, United States

Kadon specializes in Swiss turn, milling, lathe, and multi-axis precision machining and assembly for the aerospace, defense, space, and industrial end markets. It is ISO 9001 and AS9100D certified and has over 70,000 square feet of manufacturing space and 100+ long-tenured and skilled employees. Kadon was formed in 1952 and is based in Rockford, Illinois.

Buy -
Mergr

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