Northstar Capital (Northstar), a provider of junior capital for middle market private equity transactions, has invested in IronCraft, a portfolio company of LFM Capital (LFM). Terms of the transaction, which closed in November 2021, have not been disclosed.
Northstar provided debt and an equity co-investment to help LFM finance the transaction. The Northstar team remains committed to partnering with experienced management teams and private equity sponsors to help good companies become even better. IronCraft is the seventeenth platform investment in Fund VII, a $500 million committed parallel fund strategy consisting of Northstar Mezzanine Partners VII and Northstar Mezzanine Partners SB.IC.
Founded in 2014, IronCraft is a designer and manufacturer of agricultural implements and attachments for use primarily on tractors, skid steer loaders, and compact track loaders. The company’s products are sold through the company’s dealer network spanning more than 40 states.
