Folience

Name

Folience

Legal name

Folience

Website

https://Folience.com

Company type

Private

Founded year

1884

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Cedar Rapids

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Others

Revenue model

1. Portfolio Company Ownership: Folience generates revenue through ownership stakes in acquired portfolio companies. As a 100% employee-owned enterprise through their ESOP structure, they create long-term financial value for employees, their families, and their communities. The diversified portfolio approach helps offset market volatility in any one industry.

Go-to-market motion1 record

Marketing channels2 records

Core offering

Folience is a 100% employee-owned holding company that acquires companies and brings them under its ESOP structure, providing centralized Shared Services (HR, IT, Facilities & Safety, Administration, Finance & Accounting, Learning & Development) to portfolio companies. Its operating subsidiaries manufacture emergency vehicles (Life Line Emergency Vehicles, Sumner, Iowa) and trailers (Cimarron Trailers) serving customers across the United States.

Product overview

Folience is a 100% employee-owned portfolio company that acquires exceptional companies and supports them through an ESOP (Employee Stock Ownership Plan). The portfolio consists of two operating companies—Life Line Emergency Vehicles (emergency vehicles for lifesaving care) and Cimarron Trailers (trailers serving customers nationwide)—backed by shared services including Human Resources, Information Technology, Facilities & Safety, Administration, Finance & Accounting, and Learning & Development. The structure is a platform-plus-support-services model where Folience provides operational support while portfolio companies maintain their unique cultures and brands.

Differentiator

Problem solved

Functional benefit

Brands

• Life Line Emergency Vehicles: Produces safe, high-quality emergency vehicles designed for lifesaving care. Located in Sumner, Iowa.
• Cimarron Trailers

Products and services

• Life Line Emergency Vehicles Emergency vehicle manufacturer located in Sumner, Iowa, producing safe, high-quality emergency vehicles designed for lifesaving care.
• Cimarron Trailers Trailer manufacturer serving customers across the nation, having built a reputation for excellence in trailer production.
• Shared Services Centralized corporate support services delivered to Folience's portfolio companies, covering Human Resources, Information Technology, Facilities & Safety, Administration, Finance & Accounting, and Learning & Development.

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor and core.

• Iowa State University CIRASminorStrategic or Co-development PartnerFolience is featured in the ISU Center for Industrial Research and Services Newsletter, providing industry insights and research collaboration.
• National Center for Employee OwnershipcoreStrategic or Co-development PartnerFeatured in NCEO Member Memo publications, providing insights on leading a 100% employee-owned company.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• REV Group: REV Group is a major manufacturer of specialty vehicles including emergency vehicles through subsidiaries such as E-One, Spartan Emergency Response, and Pierce Manufacturing. It directly competes with Folience's Life Line Emergency Vehicles subsidiary in the ambulance and emergency vehicle market.
• Great Dane Trailers: Great Dane is a major manufacturer of dry van, refrigerated, and platform trailers serving the trucking industry. It directly competes with Folience's Cimarron Trailers subsidiary in the trailer manufacturing market.
• Utility Trailer Manufacturing: Utility Trailer Manufacturing is one of the largest trailer manufacturers in North America, producing refrigerated and dry van trailers. It competes directly with Folience's Cimarron Trailers in the commercial trailer market.
• Wabash National Corporation: Wabash National is one of the largest manufacturers of trailers and truck bodies in North America. It competes directly with Folience's Cimarron Trailers subsidiary in the commercial trailer manufacturing market.
• Pierce Manufacturing: Pierce Manufacturing is a leading manufacturer of fire trucks and emergency response vehicles and operates as a subsidiary of REV Group. It competes with Folience's Life Line Emergency Vehicles in the emergency response vehicle segment.
• Houchens Industries: Houchens Industries is a 100% ESOP-owned diversified holding company based in Bowling Green, Kentucky operating across manufacturing, insurance, retail, and other industries. It mirrors Folience's ESOP holding company structure and long-term employee ownership philosophy at a larger scale.
• SRC Holdings Corporation: SRC Holdings is a 100% employee-owned (ESOP) industrial holding company based in Springfield, Missouri that owns and operates multiple manufacturing subsidiaries. It is one of the closest structural comparables to Folience, sharing both the ESOP holding company model and the strategy of acquiring and supporting industrial manufacturers.

Broad incumbents

• Cargill: Cargill is a privately held global conglomerate with significant family and employee ownership. While much larger and in different industries, it shares Folience's private, long-term-oriented ownership structure that prioritizes sustainable value over short-term financial pressures.
• Koch Industries: Koch Industries is a large private industrial conglomerate with diverse operations including specialty vehicles, process equipment, and chemicals. It represents a much larger example of the private industrial holding company model in which Folience operates, providing a benchmark for what a scaled private industrial holding company looks like.

Emerging players

• Penmac Staffing: Penmac is a 100% employee-owned staffing company operating under an ESOP. While in a different industry, it shares Folience's full ESOP ownership structure and is a relevant comparable for evaluating employee-ownership holding models at a similar scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Folience