ANNOUNCEMENT
LFM Capital, a private equity firm focused on lower middle market manufacturing and industrial services businesses, has announced its investment in a new portfolio company, APQS. The investment is the fourth portfolio company in LFM’s third fund.
APQS is a leading designer and manufacturer of longarm quilting machines used by hobbyist and professional quilters. The company has established itself as a premium brand in the longarm quilting space, attracting loyal followers due to its excellent product quality, extensive customer support, and ease of product use. APQS was founded in 1982 and is based in Carroll, Iowa.
LFM Managing Director Chris Lin commented, “We are thrilled to add APQS to the LFM portfolio. Over the past 40 years, APQS has developed a strong brand name in the quilting community, known for producing durable and user-friendly machines. We look forward to partnering with the APQS team to take the company to new heights.”
“It has been an immense source of pride to witness the growth of APQS over the last 20 years. This success is a testament to the hard work and dedication of our team, and a reflection of the trust and loyalty of our valued customers. We are excited to partner with LFM to leverage their operational expertise and drive future growth.”
— Jim Langland, APQS President
About APQS
Based in Carroll, Iowa, APQS is a designer and manufacturer of longarm quilting machines used by hobbyist and professional quilters. APQS was built on four key pillars: quality, innovation, excellence, and customer service. For more information, visit www.apqs.com.
About LFM Capital
LFM Capital’s mission is to partner with portfolio company management to develop and build world-class operations through a combination of manufacturing and operations excellence and targeted growth and expansion strategies. For more information, visit www.lfmcapital.com.
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