ATLANTA (April 27, 2015) – Hunters Gate Holdings, LLC, a private investment firm based in Atlanta, announced the acquisition of LOFA Industries, LLC. Founded in 1989, LOFA is a manufacturer of control systems for off-highway engine driven equipment. The terms of the transaction were not disclosed. The senior management team of LOFA, led by CEO Stephen Rary and OEM Sales Manager Frank Norris, participated in the transaction and will own approximately 20 percent of the company's fully diluted equity. "The entire LOFA team looks forward to working with our new investors at Hunters Gate," Rary said. "We plan to focus on our growth initiatives and on strategic acquisitions that will broaden our product lines and end markets. This new partnership will enable us to continue to strengthen our leadership position in the industry." Peter Cureton, managing partner of Hunters Gate, added, "Control systems are becoming more complex and more important, providing key data to equipment owners and allowing them to operate, monitor and protect their assets more effectively. We look forward to supporting LOFA's terrific management team as they pursue a strategy of continued growth through industry-leading innovation as well as synergistic acquisitions." LOFA was advised by Matt Slappey of Murphy Business & Financial Corporation. Kian Capital Partners and Georgia Commerce Bank provided debt financing for the transaction. LOFA's legal advisers were The Lambros Firm. Hunters Gate's legal advisers were Freedman Legal Group and Barnes & Thornburg.
Mon, 04/27/2015 - 00:00