LFM Capital Acquires IronCraft, LLC; Northstar Provides Junior Capital
August 25, 2022
LFM Capital completed a control investment in IronCraft, LLC (formerly Titan Implement) in November 2021, acquiring the East Tennessee manufacturer of agricultural implements and skid-steer attachments. Northstar Capital provided junior debt and an equity co-investment to help finance the transaction; founders Mike Turner and Baily Turner are stepping away from day-to-day roles.
- Buyers
- LFM Capital, Northstar Capital
- Targets
- IronCraft, LLC
- Sellers
- Titan Implement / Turner family (founders Mike Turner and Baily Turner)
- Industry
- Manufacturing
- Location
- Tennessee, United States
- Transaction Type
- Buyout
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