Lineage Capital has invested in Atlanta-based ARN Industries Inc., a company that does business as Halco Lighting Technologies. Terms of the deal were not released. Greene Holcomb & Fisher served as financial advisor to Halco.
Greene Holcomb & Fisher LLC is pleased to announce its role in the equity recapitalization of Atlanta-based ARN Industries, Inc., d/b/a Halco Lighting Technologies (“Halco”), by Lineage Capital LLC. Halco is a leading branded manufacturer and distributor of lamps, ballasts and landscape lighting fixtures for the commercial and industrial market. Lineage’s experience and unique partnership model will support Halco as it continues to expand its product line and distribution network. GH&F served as exclusive financial advisor to Halco in the transaction and introduced Lineage to the company.
Allan Nelkin, Chief Excecutive Officer and majority owner of Halco said, “The team at GH&F did an outstanding job of helping us communicate Halco’s unique position in the commercial and industrial lighting market. We are excited about having our new partner, Lineage, on board to help us accelerate the growth of Halco.”
GH&F Managing Director Steve Hunter stated, “Lineage should be a tremendous partner for Halco. The company has a number of very interesting growth opportunities to pursue, and we know Lineage will be very helpful to Allan and his team to take the business to the next level.”
“This transaction out of our new Atlanta office highlights the strategic importance to us as a firm of middle market, closely-held companies across the U.S., including the Southeast,” added GH&F Managing Director Kent Adams. “Under Steve’s leadership of both our Atlanta office and our national private equity effort, this was a great way to end 2012.”
About Halco Lighting Technologies
Halco is an Atlanta-based manufacturer of a full line of lamps and ballasts for the industrial, commercial, residential and specialty lighting markets. Halco’s outstanding reputation for customer service, product expertise and quality has allowed them to become the leading branded Tier 2 manufacturer in the country. Halco offers a broad array of high performance products through distribution centers in Atlanta, Cleveland, Houston and Phoenix. For more information about Halco, please visit www.halcolighting.com.
About Lineage Capital LLC
Lineage is a Boston-based private equity firm specializing in recapitalization and buyout investments in family-controlled or owner-managed lower middle market companies. Since 2003, Lineage has been partnering with founders, families and exceptional management teams to support the growth of their companies.