# LFM Capital

> LFM Capital is a Nashville private equity firm that makes lead or control investments in lower-middle-market manufacturing and industrial-services companies, then works with management on people, processes, growth and add-on acquisitions. Founded in 2014 by engineers and former operators, it targets U.S. businesses with at least $3 million of EBITDA and enterprise values of $15 million to $125 million. Its fourth fund closed at $462 million in 2024, taking firmwide assets under management above $1 billion.

- **Founded:** 2014
- **Headquarters:** Nashville, United States
- **Founders:** Steve Cook (Co-founder and Executive Managing Director), Dan Shockley (Co-founder and Managing Director), Rick Reisner (Co-founder)
- **Team size:** 11-50 employees; supplied company data lists approximately 40
- **Products:** Control private equity investments, Operational value creation, Management and leadership development, Growth and add-on acquisition support
- **Notable:** Closed four funds that grew from $110.1 million in 2014 to $462 million in 2024., Reached more than $1 billion in assets under management with the closing of Fund IV., Completed 21 platform acquisitions and 29 add-on acquisitions across its first three funds by October 2024.

## Products & services

- **Control private equity investments** — Lead or control investments in U.S. lower-middle-market manufacturing and industrial-services businesses, generally with at least $3 million of EBITDA and enterprise values of $15 million to $125 million.
- **Operational value creation** — Hands-on support in manufacturing, continuous improvement, lean implementation, supply chain, information systems and equipment or facility investment.
- **Management and leadership development** — Support for building management teams, elevating employees and recruiting complementary executives through LFM’s network.
- **Growth and add-on acquisition support** — Commercial strategy, modern sales and marketing, product and channel development, and strategic add-on acquisitions for portfolio platforms.

## Achievements

- Closed four funds that grew from $110.1 million in 2014 to $462 million in 2024.
- Reached more than $1 billion in assets under management with the closing of Fund IV.
- Completed 21 platform acquisitions and 29 add-on acquisitions across its first three funds by October 2024.
- Closed oversubscribed Fund IV in a single close on the firm’s tenth anniversary.
- Built a portfolio spanning precision aerospace components, packaging automation, CNC equipment, electrical tools, grid-reliability products and other niche manufacturing categories.
- Recorded multiple exits, including EDSCO, Eckhart, Fecon, Vektek, Pratt, PSI Control Solutions, Accelevation, OAI + Rainier and SteelPro.

## Latest updates

- **2026-05** — Published a quarterly update focused on culture across LFM and its portfolio companies.
- **2026-04** — Added L&R Industries, a maker of collapsible steel reels for fiber broadband, data-center and utility markets, as the third platform company in Fund IV.
- **2026-03** — American Automation Group acquired PowerBuilt Material Handling Solutions, adding custom material-handling automation to the platform.
- **2025-10** — Invested in aftermarket automotive HVAC manufacturer Vintage Air and completed the sale of SteelPro.
- **2025-09** — Expanded its electric-grid-reliability platform from ZTZ Services to include SESCO, with CP Energy Holdings participating as a minority investor.
- **2024-10** — Closed oversubscribed Fund IV at $462 million, bringing assets under management above $1 billion.

## Links

- Website: https://www.lfmcapital.com
- LinkedIn: https://www.linkedin.com/company/lfm-capital

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Profile page: https://yespress.io/lfm-capital
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Last updated: 2026-08-16