Lower-middle-market private equity firm LFM Capital has taken a stake in Vektek LLC, maker of hydraulic clamps used in machining metal parts.
LFM is investing alongside Vektek’s management in the business, led by Vektek CEO Troy Estes. LFM will help Vektek accelerate its growth in both U.S. and international markets, says Steve Cook, the PE firm’s executive managing director. Vektek, headquartered in St. Joseph, Missouri, designs and manufactures hydraulic clamps, work supports, cylinders, valves and power supplies that help secure parts during the metal cutting process in computer numeric control machining. Its customers include fixture builders in the automotive, rail, agriculture and aerospace industries.