LFM Capital Completes Sale of SteelPro
NASHVILLE, TN – October 14, 2025 – LFM Capital, a private equity firm focused on lower middle market manufacturing and industrial services businesses, announced today the sale of SteelPro, LLC (“SteelPro” or the “Company”) to Accelevation, LLC (“Accelevation”). Financial terms of the transaction were not disclosed.
SteelPro, headquartered in Houston, Mississippi, designs and fabricates a variety of structural steel solutions for commercial, industrial and material handling applications. The Company relies on decades of experience to provide customers with an end-to-end solution spanning engineering, detailing, fabrication and installation.
Accelevation is a leading provider of infrastructure products and services to the data center market. Accelevation partnered with LFM Capital in August 2022 and was sold to Olympus Partners in January 2025.
Jeremy Harrell, SteelPro Founder and CEO, stated, “This acquisition provides a platform to continue serving our customers while unlocking new opportunities, including those within the rapidly growing data center market. We are thankful to the LFM team for their steady support and guidance and look forward to this exciting next chapter of our journey.”
Dan Shockley, LFM Managing Director, added, “It has been an honor to work with Jeremy and the SteelPro team over the past few years as the Company grew to become a trusted provider of structural steel solutions. We wish both the SteelPro and Accelevation teams much success in their new partnership.”
Heartland Steel Products, LLC, (“Heartland”), an LFM portfolio company since December 2016, acquired SteelPro in September 2022. After the sale of SteelPro to Accelevation, Heartland will continue to operate separately as a portfolio company of LFM.
Bass, Berry & Sims served as legal counsel and LBMC served as accounting and tax advisor to SteelPro and LFM Capital.
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 SteelPro
Headquartered in Houston, MS, SteelPro designs and fabricates a variety of structural steel solutions for commercial, industrial and material handling applications. For additional information, please visit www.steelproms.com.
About Accelevation
Accelevation is a vertically integrated manufacturer specializing in data center infrastructure products and services. For additional information, please visit www.accelevation.com.