LFM Capital Announces New Investment in Attachments Manufacturer IronCraft
NASHVILLE, TN – LFM Capital, a private equity firm focused on lower middle market manufacturing and industrial services businesses, announced today its investment in IronCraft, LLC (“IronCraft”).
IronCraft, formerly branded Titan Implement, is a leading manufacturer of 3-point, skid steer, and mini-excavator attachments. Their products are sold through the company’s dealer network spanning more than 40 states and used for a variety of applications, targeting the lifestyle farmer, landscaping, light construction, and more. Terms of the transaction were not disclosed.
The company plans capital expenditures over the next 24-months at the Athens, Tennessee factory as well as other southeastern, TN locations including a paint booth, laser cutting, robotic welding, and more. In addition, other initiatives to support the post-purchase experience include online parts lookup, service manuals, training resources, and adding more product support locations across the country.
“Dealers and customers should expect a personal and simple sales transaction while having access to a broader product group that will be in more locations across the country,” said new IronCraft CEO Pat Kozlowski. “We will also be deploying resources to the dealers in the coming months that will enable them to procure, manage, and track their orders with visibility, which will help them serve their customers through the transaction. This should provide an easy to buy experience while also making it easier for the dealers to serve their customers.”
LFM Managing Director Dan Shockley commented, “We are thrilled to add IronCraft to the LFM portfolio. We believe the diversified skid steer and tractor attachments industry will continue to grow in size and scope. The historical growth that IronCraft has experienced is a testament to the organization’s value proposition to its dealers and end users.”
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.
IronCraft, LLC, founded in 2014 under the Titan Implement brand by the Turner family, is a leading manufacturer of agricultural implements and skid steer attachments catering to a variety of applications such as agriculture, landscaping, light construction, and more. Based in east Tennessee, IronCraft offers an extensive range of rotary cutters, rotary tillers, box blade scrapers, grader blades, landscape rakes, disc harrows, and skid steer attachments. For more information, please visit www.ironcraftco.com