LFM Capital Completes Sale of OAI + Rainier
NASHVILLE, TN – September 4, 2025 – LFM Capital, a private equity firm focused on investing in lower middle market manufacturing and industrial services businesses, announced today the sale of OAI + Rainier to The Look Company. Financial terms of the transaction were not disclosed.
OAI + Rainier is a full-service visual display manufacturing company that began in 2022 with Rainier’s acquisition of OAI Visual Branding. The combined business includes two US-based manufacturing facilities in Tampa and Seattle with extensive capabilities across the sports, events, retail, and industrial sectors. As part of the acquisition, The Look Company has also acquired the tent and shelter divisions of Rainier Industries. These businesses will continue to operate under the Rainier brand, preserving a long legacy of shelter products dating back to 1896.
Chris Inverso, CEO of OAI + Rainier, commented, “We are grateful to LFM Capital for their support thus far in our journey, and we are excited about the synergies with The Look Company that will foster our longstanding commitment to production excellence. Their global reach and quality display solutions complement our deep expertise in print and dimensional display and branded environment products. This partnership creates a powerful platform for growth and innovation to achieve our goal in creating one of the world’s largest visual branding companies.”
Ken Hoefling, LFM Operating Partner, added, “It has been a pleasure working with Rainier over the past four years to build on its strong foundation through key strategic acquisitions, allowing the company to offer a full-service solution to valued customers. We are confident that the OAI + Rainier business will continue to thrive in combination with The Look Company while servicing more clients with even more exceptional capabilities.”
Rainier, an LFM portfolio company since October 2021, acquired Eclipse Awning Systems, LLC and its affiliates (“Eclipse”) in August 2022, and Outdoor America Images (“OAI”) in September 2022. In 2024, Rainier Industries completed the rebrand of its shade division to Eclipse Outdoor. As part of the OAI + Rainier divestiture, LFM will retain a significant minority interest in the business; Eclipse will continue to operate separately as a portfolio company of LFM.
Bass, Berry & Sims, PLC acted as legal counsel and LBMC, PC served as accounting and tax advisor to LFM.
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 OAI + Rainier
OAI (Outdoor America Images) was founded in 1989 and specializes in the design, production and installation of high-resolution displays, décor packages, banners, billboards, signage and more.
Rainier Industries was founded in 1896, initially producing tents for the Alaskan Gold Rush. Over its history, it has expanded into tent and dimensional structures for commercial users and sporting events worldwide, along with providing branding and visual engagement solutions for a range of clients.
In 2022, Rainier Industries acquired OAI to create OAI + Rainier. The merger combined OAI's visual branding expertise with Rainier's manufacturing capabilities in both print and dimensional fabrication.