Houlihan Lokey Advises Accelevation
Houlihan Lokey is pleased to announce that Accelevation, a portfolio company of LFM Capital, has been acquired by Olympus Partners (Olympus). The transaction closed on January 2, 2025.
Accelevation, headquartered in Miamisburg, Ohio, is a leading provider of infrastructure products and services to the data center market. The company’s vertically integrated offering includes white space design, custom manufacturing, and installation services to hyperscale, colocation, and enterprise customers. Accelevation has more than 500,000 square feet of manufacturing capacity and is focused on delivering speed, efficiency, and value through the entire project lifecycle for all major data center markets.
Founded in 2018, Accelevation partnered with LFM Capital in August 2022 to support its rapid growth. Initially a manufacturer of data center infrastructure products, the company completed three add-on acquisitions in 2023. Most notable was the acquisition of Instor, which transformed Accelevation into a vertically integrated provider of data center infrastructure solutions and services.
LFM Capital is a private equity firm based in Nashville, Tennessee. The LFM Capital 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. 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. The Accelevation sale marks the first realization from LFM Capital’s third fund and the eighth realization overall.
Olympus is a private equity firm focused on providing equity capital for middle-market management buyouts and for growing companies. Olympus manages in excess of $11 billion, mainly on behalf of corporate pension funds, endowment funds, and state-sponsored retirement programs. Founded in 1988, Olympus is an active, long-term investor across a broad range of industries, including business services, food services, consumer products, healthcare services, financial services, industrial services, and manufacturing. The acquisition of Accelevation represents the inaugural investment from Olympus Growth Fund VIII.
Houlihan Lokey served as the exclusive financial advisor to Accelevation and LFM Capital and assisted in marketing, structuring, and negotiating the transaction on their behalf. This transaction highlights the team’s expertise and the continued success of Houlihan Lokey’s dedicated coverage of the global industrial technology sector and data center end market.