Amfuel

Amfuel, a Magnolia, Arkansas defense contractor, was bought out of Chapter 11 bankruptcy by LB Advisors in November 2018 for $1.6 million. Under new ownership, the company raised employment to 370, tripled production, and secured $50 million for improvements and growth.

LB Advisors LLC has acquired Amfuel (American Fuel Cell and Coated Fabrics) in Magnolia, Arkansas, for $1.62 million in a bankruptcy-approved transaction that closed on November 30, 2018. The private equity firm plans to keep operations in Magnolia, add to the 250-person workforce, and grow the business.