Trive Capital-backed AGM Automotive has acquired substantially all the assets of Chicago Miniature Lighting, a global supplier of LED lighting services to the automotive market. Terms of the deal were not disclosed.
AGM Automotive, LLC (“AGM”) and Trive Capital (“Trive”), the Dallas-based private equity firm, are proud to announce that a subsidiary of AGM has acquired substantially all of the assets of Chicago Miniature Lighting, LLC (“ChML” or the “Company”). Founded in 1910 and headquartered in Novi, Michigan, ChML is a leading global supplier of innovative LED lighting solutions to the automotive market.
Through the Company’s strategically located facilities in Novi and Costa Rica, it offers customers full service capabilities, including design and engineering, manufacturing, assembly, sequencing, and supply and distribution in all major markets, including North America, Europe, Asia and South America. ChML specializes in providing lighting systems, including overhead systems, light pipes, LED ambient lighting and other lighting systems to original equipment manufacturers and Tier I suppliers worldwide.
“Trive is extremely excited about this partnership as we are confident that the AGM/ChML combination offers the industry a new market leader in automotive interior lighting. The ChML purchase is consistent with Trive’s collaborative approach to enhancing middle-market businesses,” commented Trive Partner Chris Zugaro.
Trive Vice President Blake Bonner stated, “Successfully completing the Chicago Miniature transaction exemplifies our commitment to rapidly expanding the AGM platform. Now four months into our partnership with AGM, we continue to look for and capitalize on global growth opportunities within interior lighting.”
ChML (www.chml.com), headquartered in Novi, Michigan, is a leading global supplier of innovative automotive LED lighting solutions, such as overhead systems, light pipes, ambient lighting, and other interior and exterior lighting systems. ChML provides design and engineering, manufacturing, assembly, sequencing, and supply and distribution services for customers worldwide from facilities located in the United States and Costa Rica.
AGM (www.agmautomotive.com) is a leading global supply partner headquartered in Troy, MI. The Company provides interior components and systems, including interior lighting, overhead console systems, textile flooring sets, and other interior assemblies, such as electronic components and wire harnesses, to the automotive marketplace. AGM offers value-added assembly, warehousing, and in-line vehicle sequencing services through its global network.
About Trive Capital
Trive Capital (www.trivecapital.com) is a Dallas–based private equity firm focused on making private equity investments in companies based in the US and Canada. Trive is currently investing from a $300 million institutional fund raised in 2013. Trive utilizes proven operational best practices and identifies actionable opportunities that allow businesses, shareholders, and employees to realize their full long-term potential.Get your FREE trial or subscribe now to Buyouts to find new deal opportunities, super-charge your fundraising efforts and track top managers.