Marks Machinery Acquired by Excelis
Deal News | Jan 30, 2025 | LFM Capital LLC
LFM Capital, a Nashville-based private equity firm, announced that Excelis Packaging Automation, one of its portfolio companies, acquired Marks Machinery. This acquisition furthers Excelis' strategy to offer comprehensive automation solutions, enhancing their product offerings in packaging equipment and parts. Marks Machinery, known for supplying replacement parts for beverage filling equipment, will now become part of Excelis’ packaging platform. This move extends Excelis' reach into the Central and South American markets. LFM Capital focuses on U.S. lower middle market manufacturing and industrial services companies. Details of the financial terms of the deal were not disclosed.
Sectors
- Manufacturing
- Industrial Services
- Private Equity
Geography
- United States – LFM Capital is based in Nashville, Tennessee, and Excelis is based in Winder, GA, with the acquisition of Georgia-based Marks Machinery.
- Central and South America – The acquisition expands Excelis' business operations into Central and South America.
Industry
- Manufacturing – The acquisition involves companies specializing in manufacturing equipment and replacement parts for packaging automation.
- Industrial Services – LFM Capital focuses on industrial services, and Excelis offers service-oriented solutions in packaging automation.
- Private Equity – The article involves a transaction facilitated by a private equity firm, LFM Capital.
Financials
- Not disclosed – The financial terms of the acquisition were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| LFM Capital LLC | Private Equity Firm | Company | A Nashville-based private equity firm specializing in lower middle market manufacturing and industrial services. |
| Excelis Packaging Automation | Acquiring Company | Company | A portfolio company of LFM Capital offering automation solutions in packaging equipment. |
| Marks Machinery | Target Company | Company | A manufacturer of replacement parts for beverage filling equipment based in Suwanee, Georgia. |
| Conner Harris | Managing Director | Person | Managing Director at LFM Capital involved in the transaction. |
| Keith Wheeler | President and CEO | Person | President and CEO of Marks Machinery. |
| Richard Butler | Operating Partner | Person | Operating Partner at LFM Capital. |
| Mitch Mattingly | Associate | Person | Associate at LFM Capital involved in the transaction. |