LFM Acquires Construction Implement Depot

LFM Capital, a private equity firm focused on lower middle market manufacturing and industrial services businesses, announced today its investment in Construction Implement Depot (“CID”).

CID is a leading manufacturer of skid steer and compact track loader attachments, compact tractor attachments, and mini-excavator attachments. Their products are manufactured in their Denton, NC factory and sold through distributors, private label, and OEM arrangements throughout North America.  Their broad-based product line is used for a variety of applications, targeting the landscaping, light construction, lifestyle farmer, snow removal, and more. Terms of the transaction were not disclosed.

The company will emphasize a digital first strategy to provide dealers and customers with real-time visibility to pricing, availability, lead-time, customization, parts, operating manuals, and more.  A national dealer network will also be available for customers who prefer in-person shopping or service experiences.

LFM Managing Director Dan Shockley commented, “We are delighted to add CID to the LFM portfolio. We’re creating the attachment company of the future that is recognized as the industry leader with an omnichannel experience to empower customers to buy how they want to buy.  We want to create an ecosystem for customers to do more than merely transact and adding CID to the portfolio is a big step in that direction.”

About LFM Capital

LFM Capital is a private equity firm based in Nashville, Tennessee. The LFM team is led by experienced and successful Fortune 50 global executive managers and private equity professionals who bring decades of management leadership, operating best practices, exceptional professional recruiting networks, and a successful track record in lower middle market investing. LFM targets lead or control investments in U.S.-based lower middle market manufacturing and industrial services companies with at least $3 million of EBITDA and enterprise values ranging from $15 million to $125 million. The firm’s mission is to partner with portfolio company management to develop and build world-class operations through a combination of manufacturing and operations excellence and targeted growth and expansion strategies. For additional information, please visit www.lfmcapital.com.About Construction Implement Depot

CID, founded in 2003, is a leading manufacturer of construction implements and skid steer attachments catering to a variety of applications such as agriculture, landscaping, light construction, and more. Based in east Denton, North Carolina, CID offers an extensive range of buckets, grapples, brush cutters, plows, dozers, and rakes, hay equipment and more. For more information, please visit www.cidattachments.com.

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