Lancer Capital is pleased to announce we have partnered with Library Furniture International (LFI) and its management team to provide strategic capital to accelerate LFI’s long-term growth plan in the company’s targeted market segments. LFI is a provider of library space design services and a dealer and installation services provider of shelving and furniture to public libraries, K-12 schools, and universities.
The Company maintains a strong position within the niche library services market over its 20+ year operating history by assessing customers’ space design and experiential goals and finding the best products to meet those goals. LFI’s brand recognition and unique space and merchandising design solutions position the Company for significant geographic territory expansion with the goal of becoming the preeminent provider of library design services in the US.
“We are excited to partner with the LCM team to help accelerate our growth plan and expand our service offering to our customers. We believe our turnkey solution for library spatial design differentiates us in the marketplace, and we are excited to partner with the LCM team given its deep municipal services experience. We look forward to capitalizing on our geographic expansion plans and growing our current lineup of service offerings going forward”, said Scott Fairbanks, President and CEO of LFI.
“We were highly impressed with the LFI team, its service capabilities, product catalog, and reputation in its key target markets. The passion for the library market and the desire to improve and expand the library experience for its customers were apparent in the culture of the Company and its team members. We are thrilled to partner with the LFI team and to work closely with them to provide additional resources and capital to support a significant multi-year growth plan”, said Josh Welk, Managing Partner of Lancer Capital.
As part of our growth strategy, LFI will be seeking strategic add-on acquisitions and welcomes the opportunity to discuss potential acquisition opportunities. If you have any questions about the LCM partnership with LFI, please contact Josh Welk at firstname.lastname@example.org or Rich Barakat at email@example.com.