LFM Capital, a private equity firm focused on lower middle market manufacturing and industrial services businesses, announced today that it has invested in a new portfolio company, J&E Precision Tool.
J&E is a leading precision manufacturer of components for the aerospace and defense industry. The company operates successfully in both commercial and defense aviation end markets, as well as in other high precision industries such as microwave equipment and electro-optic. Its products are used on a wide variety of aerospace and defense platforms and include racking components, piston ejection systems, and pneumatic deck assemblies. J&E has established a reputation for quality and attained key certifications that set it apart from its competitors in an already demanding industry.
J&E was founded in 1979 by James & Eugene Labrie and is based in Southampton, MA.
“Over J&E’s 40-year history, the company has built an outstanding reputation for its unique and differentiated ability to produce complex products with the highest quality. They’ve accomplished this by continuously investing in their manufacturing capabilities, industry certifications, and highly skilled employees,” commented LFM Executive Managing Director Steve Cook.
J&E founder, Jim Labrie, added, “We believe this partnership with LFM is a strong strategic fit for the company. Our team is excited to leverage LFM’s manufacturing and operating experience to help guide our growth and to support continued investments in our capabilities.”
In addition to the partnership with LFM, J&E announced that Sean Holly has joined as CEO. Sean was most recently Vice President of Manufacturing Operations at Bell Flight. He is a graduate of MIT’s Leaders for Global Operations program and previously served as an officer in the US Navy.
“I am thrilled to join the J&E team. I am looking forward to the opportunity to continue Jim and Eugene’s legacy and to lead the Company’s continued growth in response to significant customer demand,” said Holly.
J&E marks the second investment from LFM II, which closed in October 2018 with $185 million of commitments.
About LFM Capital
LFM Capital is a private equity firm based in Nashville, Tennessee. The LFM team is led by experienced and successful Fortune 50 global executive managers and private equity professionals who bring decades of management leadership, operating best practices, exceptional professional recruiting networks, and a successful track record in lower middle market investing. LFM targets lead or control investments in U.S.-based lower middle market manufacturing and industrial services companies with at least $3 million of EBITDA and enterprise values ranging from $15 million to $125 million. 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. For additional information, please visit www.lfmcapital.com.
About J&E Precision
Since 1979, J&E Precision Tool has served the CNC machining needs of the most demanding industries including: aerospace, defense, electro-optic, microwave, and more. An ISO9001 / AS9100 registered company, J&E leverages its state-of-the-art equipment to manufacture a variety of complex, precision-manufactured products, from the smallest intricate parts to large multi-component assemblies. J&E works closely with customers using an integrative “design-for-manufacturing” approach on every project to ensure they meet customers’ most challenging requirements and surpass expectations. For more information, please visit www.jeprecision.com.
