Titan Implement & LFM Capital
Titan Implement has been acquired by LFM Capital.
Decosimo acted as exclusive financial and sell-side advisor.
Chattanooga, TN – Decosimo Corporate Finance (Decosimo), a mergers and acquisitions advisory firm, is pleased to announce the acquisition of its client, Titan Implement, LLC. (“Titan”), by LFM Capital.
The transaction closed in November 2021, and the terms of the transaction were not disclosed.
Titan was founded in 2014 by Mike Turner and Baily Turner and, under their leadership, quickly grew to become a leading manufacturer of agricultural implements and skid steer attachments catering to a variety of applications such as agriculture, landscaping, light construction, and more. Based in east Tennessee, Titan (recently rebranded as IronCraft Attachments) offers an extensive range of rotary cutters, rotary tillers, box blade scrapers, grader blades, landscape rakes, disc harrows, and skid steer attachments sold through the company’s dealer network spanning more than 40 states and used for a variety of applications, including agriculture, landscaping, light construction, and more.
“It was a privilege to work with the incredible father and son team of Mike and Baily Turner. Their expertise in the attachment industry, combined with their vision that prioritized quality manufacturing, transparent pricing, and reliable delivery, drove Titan’s fast rise as a leader in the industry,” said Tom Decosimo, Managing Principal of Decosimo. “We enjoyed working with the Turners to find the right strategic partner for Titan’s future growth, and we anticipate continued success under LFM’s leadership.”
LFM Managing Director Dan Shockley commented, “We are thrilled to add IronCraft (formerly Titan) to the LFM portfolio. The company’s strong historical growth is a testament to its value proposition to dealers and end users, and we believe the diversified skid steer and tractor attachments industry will continue to grow in size and scope.”
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 Decosimo Corporate Finance
Decosimo is an investment banking firm that offers financial advice on divestitures, mergers and acquisitions, and valuations for middle-market companies. For over 50 years, Decosimo professionals have been the trusted advisor of business owners seeking to build and maximize the value of their companies. Using their deep experience and network, Decosimo has built a proven track record advising middle market clients on the successful completion of over $15 billion in transactions. For additional information, please visit www.Decosimo.com.