LFM Capital Acquires Heartland Steel Products Group

LFM Capital, a private equity firm focused on growth oriented, lower middle market manufacturing and industrial services businesses, announced today that it has acquired Heartland Steel Products Group. 

Heartland, headquartered in Oak Brook, Illinois with four manufacturing facilities in Marysville (MI), Marlette (MI), Harrison (OH), and Lodi (CA), offers innovative material handling solutions to manufacturing, distribution and warehouse facilities throughout the country. Under its SpaceRAK® brand, Heartland designs, engineers and manufactures an array of steel pallet racking systems and products. With its Heartland Engineered Products (or “HEP”) brand, Heartland offers engineered structural steel platforms and mezzanine systems, which are used primarily for facility space utilization and conveyor support. Heartland also manufactures safety products and other material handling accessories.

LFM Executive Managing Director Steve Cook commented, "Heartland is a well-positioned company in an area of growing demand. We look forward to working with the team at Heartland on investing in their manufacturing capabilities, optimizing workflow within their facilities, and recruiting additional engineering and leadership talent that will allow them to increase their capacity and capabilities."

Heartland’s products and services are integral to facility material handling management. As such, it stands to be a beneficiary of the increasing need for sophisticated fulfillment centers, much of which is attributable to the growth of e-commerce and consumer demand for next day delivery.

Heartland CEO Pat Peplowski noted, "Heartland’s reputation for quality, national footprint, and outstanding team enable it to serve the most demanding blue chip customers. We are excited to partner with LFM to leverage their networks with customers and operational talent. In addition, this partnership will allow us to invest in our manufacturing capabilities so that we can effectively leverage our nationwide footprint to provide competitive solutions across the full product range."