LFM Capital Acquires IronCraft, LLC; Northstar Provides Junior Capital

LFM Capital Invests in CID Attachments (Construction Implements Depot)

September 21, 2022

Manufacturing

LFM Capital, a Nashville-based private equity firm, has made an investment in Construction Implements Depot, LLC (CID Attachments), a Denton, North Carolina manufacturer of skid steer, compact track loader, compact tractor and mini-excavator attachments. Terms were not disclosed; LFM said CID and fellow portfolio company IronCraft will continue to serve their customers while leveraging shared resources across product development, production, and distribution.

LFM Capital Acquires Heartland Steel Products

April 2, 2024

Manufacturing

LFM Capital has acquired Heartland Steel Products, a U.S.-based manufacturer of structural steel platforms, pallet racking systems and material-handling products sold under the SpaceRAK and Heartland Engineered Products brands. LFM said it will invest in Heartland’s manufacturing capabilities, optimize facility workflows and add engineering and leadership talent to support growing demand from distribution, warehousing and e-commerce fulfillment.

LFM Capital Acquires Vintage Air; Northstar Capital Provides Debt and Co‑Investment

October 16, 2025

Automotive

LFM Capital has acquired Vintage Air, a San Antonio‑based manufacturer of performance aftermarket automotive HVAC systems, making the company a new LFM portfolio company. Northstar Capital provided debt financing and an equity co‑investment to support LFM’s acquisition and future growth initiatives.

The Lawton Standard Co. Acquires Northern Iron & Machine

August 12, 2022

Manufacturing

The Lawton Standard Co. acquired Northern Iron & Machine (NIM), a St. Paul, Minnesota full-service foundry, in a transaction that closed August 12, 2022. The acquisition adds casting size and machining capabilities to Lawton's vertically integrated foundry platform and is intended to expand sourcing options and service offerings for both companies' OEM customers. The seller was led by retiring CEO Scott J. Hamlett.

LFM Capital Invests in Accelevation LLC

August 30, 2022

Manufacturing

LFM Capital, a Nashville-based private equity firm focused on lower middle market manufacturing and industrial services, has invested in Accelevation LLC, a vertically integrated manufacturing group serving data center, electric vehicle, and robotics markets. Financial terms were not disclosed; the investment will be the third portfolio company in LFM's third fund and is intended to support Accelevation's growth in the high-growth data center market.

Redwood Capital Investments Acquires Grain Craft

June 21, 2022

Food & Beverage

Redwood Capital Investments, a Baltimore-based permanent holding company, has entered into a definitive agreement to acquire Grain Craft, the U.S. flour miller headquartered in Chattanooga, Tennessee. The transaction, in which Grain Craft is being sold by family owner G&L Holdings, is expected to close in Q3 2022; terms were not disclosed.