Houlihan Lokey Advises EDSCO Holding Company

Houlihan Lokey is pleased to announce the successful sale of EDSCO Holding Company LLC (EDSCO), a portfolio company of LFM Capital (LFM), to MiddleGround Capital (MiddleGround). The transaction closed on January 10, 2020.

EDSCO, based in Denton, Texas, is a leading manufacturer of mission-critical anchor bolts, fasteners, specialty-fabricated anchoring products, and highly-engineered foundation cages for critical infrastructure installations, primarily in the utility transmission and distribution end market. The company manufactures anchoring products at five strategically-located facilities in Texas, Indiana, North Carolina, Tennessee, and Utah. With a reputation for quality and customer service, EDSCO has a 35-year history of serving a broad base of blue-chip customers.

LFM is a private equity investor focused on lower-middle-market manufacturing and industrial services businesses. The LFM team is led by experienced and successful Fortune 50 global executive managers and private equity professionals who partner with companies to create shareholder value through operational excellence, leadership development, and targeted growth strategies.

MiddleGround is a private equity firm that invests in B2B companies in the industrial and specialty distribution sectors in the lower middle market in North America. MiddleGround is differentiated as true operators who have experience working in and managing businesses that range from the lower middle market to Fortune 500 companies.

Houlihan Lokey served as the exclusive financial advisor to EDSCO and LFM and assisted in initiating, structuring, and negotiating the transaction on their behalf.