AFS Corporate Member Le Sueur Inc. (LSI), a supplier of complex and pressure-tight aluminum castings and plastic injection molding components based in Le Sueur, Minnesota, has been acquired by Delos Capital and The Silverfern Group.

LSI specializes in utilizing permanent mold, sand casting, die casting, plastic injection molding, and precision machining manufacturing processes, with its dedicated engineering team to provide customers with the most cost-effective method of manufacturing.

“We are excited to partner with Silverfern and the management team of LSI,” said Michael Rakiter, Partner at Delos Capital. “We are honored to continue the legacy of a successful third generation family-owned business created by the Mueller family.”

Silverfern Managing Director Deepak Ghosh added, “We look forward to partnering with the management team to grow the Company through a focus on technology and manufacturing excellence in partnership with its customers.”

LSI Chief Executive Officer Dick Seidenstricker said, “We’re thrilled to be partnering with Delos and Silverfern to write the next chapter in LSI’s history. We look forward to the growth opportunities the partnership creates while maintaining the values and culture that have been the foundation of LSI’s success for the past 77 years.”

Ironwood Capital and Genesis Park provided debt and equity investments in support of the transaction. Sperry, Mitchell & Company acted as financial advisor to the sellers.