Medix Specialty Vehicles, an Elkhart, Indiana-based maker of ambulances, secured an undisclosed amount of funding.
The investor was LFM Capital.
The company intends to use the funds to expand its team and growth.
Led by President Tom Moleski, Medix Specialty Vehicles makes Type I, Type II, and Type III ambulances serving both the private and fire service side of the industry.
Medix Specialty Vehicles Announces Partnership with LFM Capital
Elkhart, IN, November 3, 2017 – Medix Specialty Vehicles is pleased to announce a new strategic partnership with LFM Capital. Medix’s management team is excited about the opportunity this partnership brings to our company and to continuing our tradition of providing ambulances rooted in service, quality, and innovation while maintaining our value proposition to the industry.
LFM brings numerous strengths to the Medix team including access to capital markets, human capital, and operations. This partnership has already proven its strength including securing large, multi-unit transactions and continued investments in facilities and equipment to support Medix’s growth.
Medix President Tom Moleski noted, “The addition of LFM resources to the Medix management team gives us a platform to grow in new ways, improves our already best-in-class service to our clients and dealers, and opens doors for our employees. I am especially proud that this new partnership also allowed for Medix’s executive management team members to invest in the company – setting Medix on a solid foundation for years to come.”
LFM Managing Director Dan Shockley commented, “Medix is a well-positioned company in an area of healthy, long-term demand, and we look forward to partnering with the Medix team to chart and execute the next stage of their growth.”
The Medix management team looks forward to working with LFM and continuing to do the right thing and taking care of our customers and employees.
Medix Specialty Vehicles is an industry leader in the manufacturing of Type I, Type II, and Type III ambulances serving both the private and fire service side of the industry. Since 2001, Medix Specialty Vehicles has produced one of the highest quality, best valued ambulances in the industry. You can learn more about Medix Specialty Vehicles on our web site located at www.medixambulance.com or by contacting us at 888-988-4090.
LFM Capital is a Nashville-based private equity firm focused on private lower middle-market U.S. manufacturing and industrial services companies with outstanding growth prospects. LFM currently manages a $110 million private equity fund that targets lead or control investments in market-leading niche manufacturing and industrial services companies with enterprise values in the range of $15 million to $75 million. The LFM 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. LFM partners with management teams to drive business value through a combination of manufacturing and operations excellence, world-class executive management, and targeted growth and expansion strategies. For additional information, please visit www.lfmcapital.com.