New York, NY – July 18, 2024 – Aleutian Capital Group (“Aleutian Capital”), a New York-based middle-market investment bank, is pleased to announce the successful acquisition of Drop Sprockets (“DROP”) by Weller Metalworks (“Weller”), a portfolio company of LFM Capital. Aleutian Capital originated the opportunity. Terms of the transaction were not publicly disclosed.
Drop Sprockets
Headquartered near Nelson, British Columbia, DROP is a leading manufacturer of high-quality, customizable made-to-order sprockets used in all applications. DROP specializes in made-to-order (MTO) sprockets, including engineered, roller, drive, drum, and segmental types. They’re also able to deliver sprockets faster than any other manufacturer, often providing same-day MTO production and shipping through a unique manufacturing technology platform. For more information, please visit www.dropsprockets.com.
About Weller Metalworks
Weller is a best-in-class fabrication, stamping, and precision machining company that focuses on providing complete lifecycle fabrication, precision machining, and stamping solutions to customers. Weller offers a consolidated network of companies that collaborate to address customers’ needs across the entire product lifecycle with a focus on integrated digital technologies. Weller also added Muthig Industries and Laser Precision to the platform in 2023. For more information, please visit www.wellermetal.com.
About LFM Capital
Based in Nashville, Tennessee, LFM Capital is a private equity firm that aims to invest in manufacturing and industrial services companies within the lower middle market. The firm’s mission is to partner with portfolio company management to develop and build world-class operations through a combination of manufacturing and operations excellence and targeted growth and expansion strategies. LFM aims to make lead or control investments in U.S. based manufacturing and industrial services companies that have at least $3 million in EBITDA and enterprise values ranging from $15 million to $125 million. For more information, visit www.lfmcapital.com.