LFM Capital has sold Fecon to Windjammer Capital Investors

Fecon

Fecon, based in Lebanon, Ohio, is a leading manufacturer of heavy-duty forestry mulching equipment and related accessories in North America. The company offers a comprehensive portfolio of highly dependable and durable mulching attachments, purpose-built carriers as well as related parts and accessories for vegetation and land management, erosion control, general land clearing and habitat restoration. Fecon sells through a global network of dealers as well as partners with world-class original equipment manufacturers (OEMs). The company serves a variety of end markets, including utility and infrastructure maintenance, right of way and site development, fire prevention and other applications.

Since its founding in 1992, Fecon has built a market-leading position through its focus on new product development, innovation and best-in-class customer support. LFM Capital acquired Fecon in 2018 and provided significant support on several strategic initiatives, including expanding the company’s dealer network, strengthening OEM partner relationships, increasing production throughput and onboarding new executive-level talent.

The Deal

Fecon has been sold to Windjammer Capital Investors, who plan to utilize its leading market position, bolstered by robust vegetation and land management trends, to grow both organically and through acquisitions. Lincoln’s global buyer relationships, deep understanding of Fecon’s unique platform attributes and ability to drive a competitive process led to a strong outcome. The terms of the transaction were not disclosed.

Our Perspective

Adam Gifford, Managing Director in Lincoln’s Industrials Group, commented, “Fecon is truly a market leader in the vegetation and land management sectors, which are experiencing favorable tailwinds and increasing adoption. Fecon’s deep and talented management team recognized the opportunity and demand in the marketplace and created a line of attachments and carriers that customers and end users needed. The company is well-positioned for sustainable future growth. These factors, coupled with Lincoln’s industry and advisory expertise, drove a successful outcome for all parties.”

  • 2021
    Close Year
  • Industrials
    Industry
  • Private Equity
    Client Type
  • Financial | Domestic
    Transaction Type
  • USA
    Country
The Lincoln team’s commitment, industry expertise and senior-level involvement throughout ensured that we would find the right home and strategic partner for Fecon. Lincoln ran a well-organized and efficient sale process that led to an ideal partner in Windjammer Capital Investors. This is the second time I’ve worked with Lincoln and both times they have delivered.
Bob Dieckman
Chief Executive Officer of Fecon

Meet our Senior Team

Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.