Fecon LLC, Lebanon, Ohio, announced that private equity firm LFM Capital, Nashville, Tennessee, has sold Fecon to Windjammer Capital Investors, Newport Beach, California.
“We are appreciative of the guidance provided by the LFM team, which allowed Fecon to confidently pursue a number of strategic and operational priorities that have enabled strong growth over the last three years,” says Bob Dieckman, CEO of Fecon. “We are excited about partnering with the Windjammer Capital team and look forward to the company’s continued success.”
Fecon, a global manufacturer of heavy-duty forestry mulching equipment and accessories, was founded over 30 years ago. With more than 550 dealer customers nationwide, it serves a variety of end markets, like utility and infrastructure maintenance, right of way/site development and fire prevention.
“Fecon is a great example of the type of business Windjammer seeks for investment – a niche market leader, delivering mission-critical products and services with a solid market position,” says Matt Anderson, managing director at Windjammer. “Fecon’s strong market positioning, bolstered by robust vegetation management trends offers great opportunity for growth, both organically and through acquisition. We’re excited to partner with Bob and the Fecon team to further bolster their market leading capabilities.”
