VINTAGE AIR HAS BEEN ACQUIRED BY LFM CAPITAL

Prestwick is pleased to announce the sale of Vintage Air to LFM Capital. Prestwick acted as the exclusive advisor to Vintage Air and its private equity owner, Mangrove Equity Partners. The terms of the transaction were not disclosed.

Vintage Air (www.vintageair.com) is a San Antonio, Texas-based designer and manufacturer of high-performance aftermarket air conditioning and climate control products for vehicles. Founded in 1976, Vintage Air originally developed the industry’s first bolt-in air conditioning system for classic vehicles and has built one of the most iconic brands in the automotive aftermarket, known as the gold standard for OEM-quality and engineering excellence. Vintage Air maintains a strong market position in automotive aftermarket air conditioning, with products not only for classic vehicles, but for a wide variety of early and late-model cars, SUVs, and trucks.

LFM Capital (www.lfmcapital.com) is a private equity firm based in Nashville, Tennessee. 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 targets lead or control investments in U.S.-based lower middle market manufacturing and industrial services companies with at least $3 million of EBITDA and enterprise values ranging from $15 million to $125 million. The firm’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.