Wheeling, IL (January 24, 2022) – EBB Group (“EBB”) is pleased to announce that Lancer Capital (“Lancer” or “LCM”) has partnered with Library Furniture International (“LFI” or the “Company”) to support LFI’s exciting growth. EBB Group acted as the exclusive financial advisor to LFI for this transaction.
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 has maintained a strong position within the niche library services market over its 20-year operating history by assessing customers’ space design and experiential goals, and then finding the best products to meet those goals. LFI’s brand recognition, coupled with its unique space and merchandising design solutions, positions 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,” said Scott Fairbanks, President and CEO of LFI. “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.”
“We were highly impressed with the LFI team, its service capabilities, product catalog, and reputation in its key target markets,” said Josh Welk, Managing Partner of Lancer Capital. “The passion for the library market and the desire to improve and expand the library experience for its customers was 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.”
EBB served as the exclusive financial advisor to LFI and assisted in structuring and negotiating the transaction on behalf of the Company. This deal further demonstrates EBB Group’s leading position in advising founder-owned, middle-market companies across the business services sector.
“EBB Group was a great partner for Library Furniture International on this transaction,” said Mr. Fairbanks.
“Tim Binney and his team at EBB developed a compelling set of marketing materials and adhered to a structured process that yielded strong investment partner interest. Tim was with us every step of the way through the deal, and his experience was instrumental in getting us across the finish line. Ultimately, the process produced an excellent partner in Lancer Capital, with whom we are excited to grow the business.”
If you would like more information about EBB or have questions regarding the firm’s role in this transaction, please contact the team member(s) listed below.
| Eric White | Timothy R. Binney |
| Chief Executive Officer | Managing Director |
| (972) 440-1070 | (773) 960-8979 |
| ewhite@ebbgroup.net | tbinney@ebbgroup.net |
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