January 2022
Windjammer Capital Acquires Fecon

Windjammer Capital Investors ("Windjammer") is pleased to announce the acquisition of Fecon ("Fecon" or the "Company") in partnership with management. Terms of the transaction were not disclosed.

Based in Lebanon, Ohio, Fecon is the leading manufacturer of mulching attachments, parts, and carriers used for vegetation and land management in North America. The company serves a variety of end markets, including utility and infrastructure maintenance, right of way/site development, fire prevention, and other applications.

For more than 30 years Fecon has burnished its position as a trusted supplier to the market, supported by its category-defining products, robust IP portfolio, focus on new product innovation, and best-in-class customer service.  The Company has a large installed base and more than 550 dealer customers nationwide.

Bob Dieckman, CEO of Fecon, said, “Fecon is excited to partner with Windjammer in our next chapter of growth. I first partnered with Windjammer as a senior leader at Rotex (a former Windjammer portfolio company), and I believe that their detailed approach to operational excellence, leadership development and growth will deliver great value to all stakeholders.  Additionally, our alignment on core values and culture will create a promising future for our employees and an excellent experience for our customers.”

“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.”

“Fecon’s management team has built a well-respected business that delivers a proven customer value proposition that is second to none," commented Greg Bondick, Managing Principal at Windjammer.  “We look forward to working closely with the Fecon team to capitalize on its multiple growth opportunities.”  Fecon is the seventh investment from Windjammer's $870 million Senior Equity Fund V, L.P.

More information on Fecon and its suite of products can be found at

If you would like additional information or have any questions related to this transaction, please contact Matt Anderson ( or Greg Bondick (


About Windjammer

Windjammer Capital is a private equity investment firm, based in Newport Beach, CA and Waltham, MA that invests control equity in middle-market businesses and in partnership with management. Since its founding in 1990, Windjammer has managed over $2 billion of committed capital with respect to its control equity investment strategy, and has completed over 60 platform investments and more than 160 strategic add-ons. The firm targets investments in companies that are leaders in attractive niche markets and share several of the following characteristics: significant and defensible market positions; differentiated products and services; strong management teams; scalable business models; identifiable growth opportunities; and consistent financial performance.


About Fecon

Established in 1992 near Cincinnati, Fecon is the leading manufacturer of heavy-duty forestry mulching equipment and related accessories in North America. Fecon’s products are used for vegetation management, erosion control, general land clearing and habitat restoration.  The company’s products are sold through equipment dealers and distributors worldwide. For more information on Fecon products visit them online at