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Fort Capital Partners is pleased to announce that Drop Sprockets (“DROP”) has been acquired by Weller Metalworks (“Weller”), a portfolio company of LFM Capital.
DROP Sprockets is an innovative, streamlined manufacturer of high-quality, customizable sprockets, critical in equipment and machinery utilized across a wide range of industrial end markets. Leveraging its unique manufacturing technology platform, DROP Sprockets is able to manufacture and deliver sprockets faster than any manufacturer in the industry, in many cases providing same-day MTO production and shipping.
DROP Sprockets was founded in 2006 by Anders Malpass, Founder and President, following the acquisition of two legacy sprockets businesses dating back to the 1950’s. Malpass quickly supplemented the traditional sprocket manufacturing company with a dedicated group of engineers, automation specialists and researchers to create an organization that could reduce industry delivery times, from weeks or months to hours and days, while maintaining industry leading product quality.
Weller Metalworks was established by LFM Capital to focus on offering complete lifecycle fabrication and machining solutions to OEM customers, from the early stages through production and end-of-life with a focus on integrated digital technologies. Weller acquired Muthig Industries of Fond du Lac, Wisconsin as its inaugural acquisition in July 2023, followed quickly by Laser Precision of Libertyville, Illinois in August 2023.
Fort Capital Partners acted as financial advisor and Farris LLP acted as legal advisor to DROP Sprockets.