LFM CAPITAL ACQUIRES ANCHORING SYSTEMS MANUFACTURER EDSCO FASTENERS
NASHVILLE, TN – JANUARY 17, 2017 – LFM Capital ("LFM"), a private equity firm focused on growth oriented, lower middle market manufacturing and industrial services businesses, announced today that it has acquired EDSCO Fasteners, LLC ("EDSCO"). EDSCO had been a portfolio company of Validor Capital LLC ("Validor") since 2012. EDSCO is a leader in the manufacture of anchoring systems for large steel structures.
EDSCO, headquartered in Denton, Texas, with additional facilities in Spanish Fork, Utah and Harrisburg, North Carolina, is a leading supplier of foundation anchoring systems for critical infrastructure installations such as power transmission poles and substation structures. The anchoring systems provided by EDSCO range from specialty fabricated bolts to highly-engineered anchoring cages. EDSCO's anchoring systems are predominantly embedded in concrete foundations and engineered to allow structures to be securely placed on top of the foundations.
LFM Managing Director Dan Shockley commented, "EDSCO has created a sustainable competitive advantage with their reputation for on-time delivery, exceptional product quality, and the highest level of service in the industry. In addition, as the only supplier of anchoring systems for critical infrastructure that has multiple sites across North America, EDSCO is able to offer competitive value and short lead-times throughout the served regions. We look forward to working with EDSCO to expand their sales efforts and geographic footprint to capture opportunities to supply anchoring systems for new projects as well as replacements for aging infrastructure in their growing end markets."
EDSCO is well positioned to benefit from projected increases in infrastructure spending including updates and expansions to electricity transmission and distribution networks as well as maintenance and improvements to roads and highways.
EDSCO President Don Searcy noted, "Since 1985, our commitment to be the most reliable and trustworthy supplier and producer of anchoring systems and fasteners for large steel structures has been the driving force at EDSCO. We are thankful for Validor's assistance in supporting our growth for the past four years. We were attracted to a new partnership with LFM because we believe their operating experience and connections will help propel EDSCO's growth while staying true to our excellent reputation for products and customer service."
About LFM Capital
LFM Capital is a Nashville-based private equity firm focused on private lower middle-market U.S. manufacturing and industrial services companies with outstanding growth prospects. LFM currently manages a $110 million private equity fund that targets lead or control investments in market-leading niche manufacturing and industrial services companies with enterprise values in the range of $15 million to $75 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.
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 Validor Capital
Validor Capital is a Boca Raton, FL based private investment firm focused on acquiring majority interests in established privately held enterprises in the small to lower-middle market. Validor's focus is on manufacturing and industrial service businesses. Validor seeks businesses with attractive prospects, teaming with high-quality management to drive efficiencies and value creation. Further description can be found at www.validorcap.com.