Sentinel Capital Partners recaps lighting products maker TLG

U.S. private equity firm Sentinel Capital Partners has closed a recapitalization deal involving The Luminaires Group (TLG), a Canadian designer, maker and distributor of specification-grade and architectural lighting fixtures in North America. No financial terms were released. Founded in 1987, Montréal-based TLG offers three branded lighting product lines: Amerillum, Cyclone and Eureka. TLG said the investment partnership with Sentinel will support the company’s organic and acquisition-led growth and opportunities to enter new markets. Last October, Sentinel sold Canadian craft yarn maker Spinrite LP to TorQuest Partners.

PRESS RELEASE

Sentinel Capital Partners Recapitalizes The Luminaires Group

NEW YORK, June 8, 2016 – Sentinel Capital Partners, a private equity firm that invests in promising companies at the lower end of the middle market, today announced the recapitalization of The Luminaires Group (“TLG”), a leading North American manufacturer of specification-grade and architectural lighting fixtures.

Founded in 1987, TLG designs, develops, manufactures, and distributes specification-grade lighting products across North America via three niche brands, each with its own focus. Eureka concentrates on indoor and outdoor decorative lighting; Amerillum focuses on indoor and outdoor architectural lighting; and Cyclone specializes in outdoor area lighting. TLG serves commercial, institutional, hospitality, and municipal end markets and offers a wide range of contemporary lighting fixtures for interior and exterior use. TLG has received many industry awards for its innovative lighting designs and product excellence, including several prestigious Reddot Awards.

“TLG is a leading lighting platform with strong development and design capabilities and a record of innovation,” said Eric Bommer, a partner at Sentinel. “TLG enjoys an impressive breadth of award-winning products and benefits from longstanding sales relationships and distribution channels in North America. We’re very excited about this investment and the opportunity to partner with TLG’s talented management team.”

“Sentinel has a record of helping middle market companies like ours accelerate top-line growth, make strategic add-on acquisitions, and drive operational improvement,” said Christian Fabi, President of TLG. “We are well-positioned to grow organically by expanding our product offering, utilizing our strong network, and applying the unique, individual strengths of our product lines. We also see the potential to grow through acquisitions and expand into new markets.”

“In a highly-fragmented market, TLG has always been a leader in best practices and operational excellence,” said Patrick Foley, Executive Vice President of TLG. “We look forward to continuing this tradition and preserving our strong firm culture.”

The past year has been highly active for Sentinel. Besides The Luminaires Group, Sentinel made five other new investments: Marketplace Events, a business services company that is the largest operator of consumer home and garden shows in North America; Corporate Visions, another business services company that provides marketing and sales enablement solutions; Driven Performance Brands, a manufacturer of high performance automotive aftermarket products for car and truck enthusiasts; Fazoli’s Group, a franchisor and operator of Italian fast casual restaurants; and Total Military Management, a provider of relocation services to U.S. military and government personnel. Sentinel also completed five successful exits in the past year: Hospice Advantage, a leading healthcare provider of end-of-life care to patients in their homes; IEP Technologies, an industrials business that is a global leader in industrial explosion protection; Northeast Dental Management, a leading regional dental care company; Spinrite, North America’s leading supplier of consumer yarn products for knitting enthusiasts; and Vintage Parts, a leader in supply chain and logistics services for slow-moving and inactive OEM parts.

About Sentinel Capital Partners
Sentinel Capital Partners specializes in buying and building businesses at the lower end of the middle market in the United States and Canada in partnership with management. Sentinel targets aerospace and defense, business services, consumer, distribution, food and restaurants, franchising, healthcare, and industrial businesses. Sentinel invests in management buyouts, recapitalizations, corporate divestitures, and going-private transactions of established businesses with EBITDA of up to $65 million. Sentinel also invests in special situations, including balance sheet restructurings and operational turnarounds. For more information about Sentinel, visit www.sentinelpartners.com.

About The Luminaires Group
The Luminaires Group is a leading North American manufacturer of specification-grade lighting products. For the past 29 years, The Luminaires Group has provided lighting specifiers with a range of contemporary lighting products, by designing, developing, manufacturing, and distributing specification-grade luminaires. The Luminaires Group offers three branded product lines: Eureka, a manufacturer of indoor and outdoor decorative lighting; Amerillum Brands, a manufacturer of indoor and outdoor architectural lighting; and Cyclone, an outdoor area lighting manufacturer. For more information about The Luminaires Group, visit http://www.theluminairesgroup.com.

Anthony Feldman
Director
Broadgate Consultants
48 Wall Street
New York, NY 10005
T +1 212 232 2222
D +1 212 897 5498
M +1 617 921 0984
afeldman@broadgate.com
www.broadgate.com

Photo courtesy of Eureka Lighting