CNL Strategic Capital Acquires Majority Stake in Vektek Holdings

May 10, 2022

CNL Strategic Capital acquired a majority equity stake (with a concurrent debt investment) in Vektek Holdings, LLC from LFM Capital; terms were not disclosed. Vektek, headquartered in St. Joseph, Missouri, is a manufacturer of hydraulic and pneumatic workholding products serving automotive, aerospace, agriculture and other industrial end markets; the investment is intended to support continued product expansion and growth.

Buyers
CNL Strategic Capital, LLC, Levine Leichtman Strategic Capital (LLSC)
Targets
Vektek Holdings, LLC
Sellers
LFM Capital, Certain pre-closing members of Vektek (retained substantial equity)
Industry
Manufacturing
Location
Missouri, United States
Transaction Type
Buyout

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