Fecon has been sold to Windjammer Capital Investors.
The company was previously owned by LFM Capital. Fecon was founded in 1992 and is based in Lebanon, Ohio. The company serves a variety of end markets, including utility and infrastructure maintenance, right of way/site development, fire prevention, and other applications.
“We are appreciative of the guidance provided by the LFM team, which allowed Fecon to confidently pursue a number of strategic and operational priorities that have enabled strong growth over the last three years," said Bob Dieckman, Fecon's CEO. "We are excited about partnering with the Windjammer Capital team and lookforward to the company’s continued success.”
“Fecon is a great example of the type of business Windjammer seeks for investment–a niche market leader, delivering mission critical products and services with a solid market position,” said Matt Anderson, managing director at Windjammer. “Fecon’s strong market positioning, bolstered by robust vegetation management trends offers great opportunity for growth, both organically and through acquisition. We’re excited to partner with Bob and the Fecon team to further bolster their market-leading capabilities.”