Nashville-based LFM Capital, a private equity firm focused on lower middle market manufacturing and industrial services businesses, has invested in Construction Implement Depot, a manufacturer of skid steer and compact track loader attachments. Terms of the transaction were not disclosed.
CID’s products are manufactured in its Denton, North Carolina, factory and sold through distributors, private label, and OEM arrangements throughout North America. Its product line is used for a variety of applications, targeting the landscaping, light construction, lifestyle farmer and snow removal.
The company will emphasize a digital-first strategy to provide dealers and customers with real-time visibility to pricing, availability, lead-time, customization, parts and operating manuals. A national dealer network will also be available for customers who prefer in-person shopping or service experiences.
“We are delighted to add CID to the LFM portfolio,” says LFM Managing Director Dan Shockley. “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.”
