LFM Capital has sold Diamabrush to Cordatus Capital
Diamabrush LLC
Founded in 2007, Diamabrush manufactures diamond abrasive brushes and replacement blades that are used primarily for polishing and maintaining concrete floors commonly found in retail stores, warehouses and industrial facilities. The company also manufactures floor restoration and surface preparation brushes that cater to both professional and DIY customers and can be used on a variety of surfaces including concrete, terrazzo, wood and metal. Diamabrush’s national in-house service team and proprietary maintenance database help customers track floor performance across locations. The company is headquartered in Sterling Heights, Michigan.
The Deal
Since Diamabrush partnered with LFM Capital in 2020, the company has grown into a leading provider of polished concrete floor maintenance. Diamabrush’s shift to selling directly to retail and industrial customers meaningfully expanded its reach. The company also relocated to a new, modern manufacturing facility that improved its capacity and capabilities. Further, Diamabrush launched a novel cylindrical polishing brush system, strengthened customer relationships and expanded into Canada and Mexico.
Diamabrush and LFM engaged Lincoln International as the exclusive financial advisor given its unmatched coverage of the tools sector, deep understanding of the unique value drivers and proven ability to deliver exceptional outcomes. Alongside Cordatus Capital, Diamabrush will continue to focus on introducing innovative products, further expanding into new end markets and executing strategic add-on acquisitions.
Mike Sancimino, Co-Founder and CEO of Diamabrush, commented, “We are excited to partner with Cordatus as we enter the next chapter of Diamabrush’s evolution, building on our shared vision for the future. LFM has been a trusted advisor, providing valuable guidance and expertise as we expanded capacity, developed innovative new products and attracted key talent. We would also like to thank Lincoln International for serving as a strategic advisor and thought partner throughout this process.”
Our Perspective
Bobby Reifman, Managing Director and Co-Head of Industrials at Lincoln International, commented, “It was a pleasure partnering with LFM and the Diamabrush team on this transaction. Mike and his team have built a leading maintenance-driven consumable tools platform that is well positioned to further disrupt its industry. We believe Cordatus is an excellent partner to support Diamabrush’s next phase of growth and look forward to the company’s continued success.”
We are proud of what Mike Sancimino and the Diamabrush team have accomplished during our partnership. Diamabrush meaningfully scaled its business while maintaining its focus on differentiated products, best-in-class service and strong customer relationships. We appreciate Lincoln International’s support on another successful transaction in the tools space and look forward to seeing Diamabrush build on its strong foundation with Cordatus.
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