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Current Tools, Inc. Joins Forces with LFM Capital: A Partnership for Growth and Innovation

Gracie Gottlieb | 10 January, 2024

Current Tools, Inc., a leading manufacturer of industrial tools for electrical contractors, has recently announced its partnership with LFM Capital, a prominent private equity firm focused on lower middle market manufacturing and industrial services businesses. This collaboration is expected to propel Current Tools' growth and provide the company with additional resources to continue delivering exceptional customer service.

Founded almost 25 years ago, Current Tools has established itself as a reputable player in the industry, offering a wide range of over 100 products including cable pullers, conduit benders, and knockout sets. With a strong commitment to American manufacturing and personalized customer service, the company has grown from humble beginnings to boast over 70 team members and a diverse product portfolio.

John Scovil, CEO and Founder of Current Tools, expressed his enthusiasm for the partnership, stating, "We see a lot of continued growth ahead for Current Tools, and by partnering with LFM Capital, we will have more resources than ever to continue that growth while maintaining the same level of service our loyal customers have come to expect."

LFM Capital, known for its expertise in the manufacturing and industrial services sector, recognized the strengths of Current Tools' world-class manufacturing capabilities, high fulfillment rates, and unparalleled customer service. Chris Lin, Managing Director at LFM Capital, remarked, "LFM is excited to leverage our network and manufacturing expertise to help achieve the next stage of growth, while ensuring we uphold Current Tools' commitment to superior customer satisfaction."

The partnership between Current Tools and LFM Capital was facilitated by The Capital Corporation, a leading investment bank based in Greenville, South Carolina. Acting as the exclusive investment banking advisor to Current Tools, The Capital Corporation played a crucial role in identifying and qualifying the right partner to streamline Current Tools' growth while minimizing execution risk.

Devin Green, COO of The Capital Corporation, acknowledged the suitability of this partnership, saying, "The marriage between Current Tools and LFM Capital has already proven to be a dynamic fit that will benefit all stakeholders."

About Current Tools:

Since its founding in 1999, Current Tools has been at the forefront of producing specialty tools for electrical contractors throughout North America. With a cutting-edge, 200,000-square-foot facility, the company takes pride in its American roots and its commitment to delivering top-notch products. To learn more about Current Tools and its extensive product line, please visit: [http://www.currenttools.com](http://www.currenttools.com).

About LFM Capital:

LFM Capital, headquartered in Nashville, Tennessee, is a private equity firm with a team of experienced Fortune 50 global executive managers and private equity professionals. With a successful track record in lower middle market investing, LFM Capital targets lead or control investments in U.S.-based manufacturing and industrial services companies. Their mission is to partner with portfolio company management to develop and build world-class operations through manufacturing and operations excellence and strategic growth strategies. For additional information, please visit [www.lfmcapital.com](http://www.lfmcapital.com).

About The Capital Corporation:

Since its establishment in 1991, The Capital Corporation has been assisting lower middle market companies with mergers and acquisitions. With a team of professionals with backgrounds from Wall Street and Fortune 500 companies, The Capital Corporation has closed hundreds of transactions, leveraging their expertise for the benefit of their clients. As one of only four investment banks in the United States with exclusive IMAP membership, they offer unparalleled access to a global buyer network. To learn more about The Capital Corporation, please visit [www.thecapitalcorp.com](http://www.thecapitalcorp.com).

In conclusion, the partnership between Current Tools, Inc. and LFM Capital marks an exciting chapter in the growth and development of both companies. With Current Tools' strong reputation and LFM Capital's expertise, this collaboration is expected to bring about increased innovation, expansion, and customer satisfaction. As Current Tools continues to dominate the electrical tools market, customers can look forward to even greater product offerings and unwavering commitment to quality and service.

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