EDSCO FASTENERS ACQUIRES INDIANA ANCHOR BOLT
DENTON, TX – JANUARY 2, 2018 – EDSCO Fasteners is pleased to announce the acquisition of Indiana Anchor Bolt, Inc. EDSCO, headquartered in Denton, Texas, is a leading supplier of foundation anchoring systems for critical infrastructure installations such as power transmission poles and substation structures. EDSCO has been a portfolio company of Nashville-based LFM Capital since January 2017.
Indiana Anchor Bolt, Inc. (“IAB”), headquartered in Waterloo, Indiana, manufactures structural steel products for a variety of customers, including those in the utilities, construction, and transportation end markets.
Richard Butler, President of EDSCO, commented, “Indiana Anchor Bolt is a perfect complement to EDSCO as we continue to seek opportunities to broaden our product offerings and enhance service levels to our customers. We are excited for the new facility in Indiana, complementing our existing facilities in Tennessee, Texas, North Carolina, and Utah, augmenting our ability to quickly ship products to customers around the country.”
Darrin Dickerhoof, President of IAB, added, “Indiana Anchor Bolt is excited to join with EDSCO and continue delivering high quality structural steel solutions with top notch service to our customers. We are looking forward to bringing our expertise in a broad range of structural steel products to an expanded geographic market.”
About EDSCO Fasteners
EDSCO Fasteners has produced anchor bolts for makers of large steel structures since 1985. Hard work, quality products, on-time service, competitive pricing and the ability to supply full certification of materials have steadily enhanced the company's position in the industry. Learn more about EDSCO at www.edsco.com.
About LFM Capital
LFM Capital is a Nashville-based private equity firm focused on lower middle market U.S. manufacturing and industrial services companies with outstanding growth prospects. LFM targets lead or control investments in market leading companies with at least $3 million of EBITDA and enterprise values ranging from $15 to $125 million. 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 partners with management teams to drive business value through a combination of manufacturing and operations excellence, world-class executive management, and targeted growth and expansion strategies. For additional information, please visit www.lfmcapital.com.