NASHVILLE – LFM Capital, a private equity firm focused on lower middle market manufacturing and industrial services businesses, announced today its investment in IronCraft LLC (“IronCraft”).
IronCraft, formerly branded Titan Implement, is a leading manufacturer of 3-point, skid steer and mini-excavator attachments. Their products are sold through the company’s dealer network spanning more than 40 states and used for a variety of applications, targeting the lifestyle farmer, landscaping, light construction and more. Terms of the transaction were not disclosed.
The company plans capital expenditures over the next 24-months at the Athens, Tenn., factory as well as other southeastern Tennessee locations including a paint booth, laser cutting, robotic welding and more. In addition, other initiatives to support the post-purchase experience include online parts lookup, service manuals, training resources and adding more product support locations across the country.
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