Accelevation Acquires Instor Solutions
NASHVILLE, TN – June 6, 2023 – LFM Capital, a private equity firm focused on lower middle market manufacturing and industrial services businesses, announced today that portfolio company, Accelevation LLC (“Accelevation”) has acquired Instor Solutions, Inc. (“Instor”). Financial terms of the transaction were not disclosed.
Accelevation is a vertically integrated group of manufacturing companies serving the data center, electric vehicle, and robotic markets. Instor is highly complementary to one of Accelevation’s key subsidiaries, Conatech, a leading provider of containment and infrastructure solutions to the data center market. Accelevation is headquartered in Springboro, Ohio and has been a portfolio company of LFM Capital since August 2022.
Instor is a data center equipment integrator, focused on low-voltage electrical equipment build out and installation. The company builds out wholesale colocation, lab, and data center spaces from whitespace to operation-ready, reducing overall build time and project costs. Instor is headquartered in Fremont, California with an additional European headquarters in Dublin, Ireland.
Jack Vonich, Instor CEO, commented, “Instor has showcased remarkable expansion over the past three decades from a data center product reseller to an industry leader offering comprehensive services from concept to completion. We are proud of our track record and look forward to the opportunity to build on this momentum.”
Michael Rubiera, Accelevation CEO, added, “We are thrilled about the addition of Instor, which is highly complementary to our Conatech datacenter business, a key driver of recent growth. Instor’s leading sales team, loyal high-growth customers, and opportunity for vertical integration will be key drivers to achieving our objectives.”
LFM Executive Managing Director, Steve Cook, noted, “LFM is excited about the combination of these two impressive and synergistic businesses. Acquisitions are an important component to our value creation plan, and we are pleased to incorporate Instor - along with the recent acquisition of Workplace Modular – into the Accelevation growth story.”
Dan Shockley, Chris Lin and Mitch Mattingly worked with Cook on the transaction from LFM. Baird Business Owner Solutions acted as financial advisor to Instor.
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.
About Accelevation
Based in Springboro, OH, Accelevation is a vertically integrated group of manufacturing companies serving the data center, electric vehicle and robotic markets. The company’s subsidiary divisions include: Conatech, a leading provider of containment and infrastructure solutions to the data center market; SkyLab, a provider of extrusion components and in-plant material management and engineering support to advanced manufacturing facilities; and Workplace Modular Systems, a designer and manufacturer of workstation solutions that combine enhanced productivity with good ergonomics. For additional information, please visit www.accelevationllc.com.
About Instor
Based in Fremont, CA, Instor collaborates with high-growth startups to Fortune 1,000 companies providing customized data center infrastructure solutions facilitating individual data center needs. Instor builds out wholesale colocation, lab and data center spaces, helping to reduce overall build time and project costs. For additional information, please visit https://instor.com.