Accelevation Acquired by Olympus Partners in Strategic Exit
Deal News | Jan 02, 2025 | LFM Capital LLC
LFM Capital, a Nashville-based private equity firm, has completed the sale of Accelevation LLC to Olympus Partners. Accelevation, headquartered in Miamisburg, Ohio, specializes in data center infrastructure products and services with a focus on the data center market. The firm became a vertically integrated provider after three strategic add-on acquisitions, including Instor in 2023. This transaction marks the first realization from LFM's third fund and the eighth overall. LFM Capital had invested in Accelevation in 2022, facilitating the company's rapid growth and expansion into new facilities, product lines, and operational improvements. Chris Lin from LFM praised Accelevation's management, while CEO Michael Rubiera looked forward to the company's further growth with Olympus Partners. Houlihan Lokey served as financial advisor, and Bass, Berry & Sims acted as legal counsel for the sale.
Sectors
- Private Equity
- Data Center Infrastructure
- Industrial Services
Geography
- United States – All companies involved are based in the United States, including LFM Capital in Nashville, TN, and Accelevation in Miamisburg, Ohio.
Industry
- Private Equity – The transaction involves LFM Capital, a private equity firm, selling its portfolio company, Accelevation.
- Data Center Infrastructure – Accelevation operates in the data center industry, providing essential infrastructure products and services.
- Industrial Services – Relates to Accelevation's manufacturing capabilities and services within the industrial sphere.
Financials
- Not disclosed – Financial terms of the transaction between LFM Capital and Olympus Partners were not publicly disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| LFM Capital LLC | Selling Company | Company | A Nashville-based private equity firm specializing in lower middle market investments. |
| Accelevation LLC | Target Company | Company | A company providing data center infrastructure services, headquartered in Miamisburg, Ohio, acquired by Olympus Partners. |
| Olympus Partners | Bidding Company | Company | The acquiring firm taking over Accelevation from LFM Capital. |
| Houlihan Lokey | Financial Advisor | Company | Acted as financial advisor to Accelevation and LFM Capital during the transaction. |
| Bass, Berry & Sims | Legal Advisor | Company | Served as legal counsel for the transaction. |
| Chris Lin | Managing Director at LFM | Person | |
| Steve Cook | Executive Managing Director at LFM | Person | |
| Michael Rubiera | CEO of Accelevation | Person |