Transaction Overview
- Represented LOFA Industries, LLC (“LOFA” or the “Company”) on its sale to Harbour Group
- LOFA Industries, LLC (“LOFA” or the “Company”) is a rapidly-growing designer, manufacturer and distributor of controls and automation solutions for mobile industrial equipment. The Company’s portfolio includes control panels, sensors and wiring harnesses. LOFA also made two strategic acquisitions of Antx and RemoteIQ prior to the sale process, which strengthened the Company’s differentiated portfolio of telemetry hardware and software and created a broader industrial IoT roadmap. LOFA’s products control, monitor and measure the performance of sophisticated equipment and systems. LOFA is the market leader in mobile pumps, with most major rental companies mandating the Company’s control panels for their pump fleets.
Key Observations
- Harbour Group is a privately owned, operations focused company based in St. Louis, Missouri. Harbour Group’s companies are engaged in manufacturing and distribution across diverse industries including wireless control solutions, fence and gate hardware systems, interior wallcoverings and fabrics, LED lighting, flow control, scientific products and lab ware, thermal management solutions, flow and energy measurement, boiler systems, professional diagnostic and repair tools, niche distribution, and auxiliary plastic processing equipment.
Drivers of Interest
- The Company’s products are used on a wide range of industrial equipment, including construction, landscaping, agricultural and paving equipment and are specified in some of the most demanding and harsh applications in the industrial market.