LFM Capital-Backed SteelPro Acquires Assets of CoBuilt

LFM Capital Invests in L&R Industries, LLC

April 22, 2026

Industrial Services

LFM Capital, a lower middle-market private equity firm focused on manufacturing and industrial services, announced it has invested in L&R Industries, LLC. L&R is a vertically integrated manufacturer of collapsible steel reels and steel tubing products, providing related fabrication, stamping, millwright, crane, electrical, and transportation services for fiber broadband, data center, and utilities end markets.

LFM Capital Acquires PowerBuilt Material Handling Solutions

March 17, 2026

Industrial Services

LFM Capital announced the acquisition of PowerBuilt Material Handling Solutions, LLC, a designer and manufacturer of automated and semi-automated custom material-handling equipment. PowerBuilt joins LFM’s industrial automation platform American Automation Group (AAG), alongside Southern Tooling, Inc. and Tuttle AAG, LLC.

Accelevation Acquires SteelPro

October 7, 2025

Manufacturing

Accelevation has acquired SteelPro, a structural steel fabricator based in Houston, Mississippi with operations in Memphis, Tennessee, to expand its vertically integrated manufacturing capabilities for data center infrastructure. The deal increases Accelevation's fabrication capacity and brings SteelPro's expertise in generator platforms, external steel structures, and cooling tower systems; SteelPro founder Jeremy Harrell joins Accelevation's leadership team.

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.

Heartland Steel Holdings Acquires SteelPro

November 17, 2022

Manufacturing

Heartland Steel Holdings, a portfolio company of LFM Capital, has acquired SteelPro, a structural steel design and fabrication company based in Houston, Mississippi. The add-on expands Heartland's engineered products and fabrication capacity to better serve material handling integrators, general contractors and e-commerce/warehouse customers; terms were not disclosed.

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.