Alpine Investors has made an undisclosed investment in YLighting, according to a source familiar with the situation. An announcement is due in the coming days. This news comes as the firm enters the market with its fourth fund.
Founded in 2001, YLighting sells high-end lighting products at the YLlighting.com and CroftandLittle.com. The company recently launched Zwello.com, a home furnishings and accessories products e-commerce site. Alpine Investors Executive in Residence Sean Callahan will join the business as CEO.
Talk about a niche. But that’s not all–Alpine’s one other deal this year was also in the e-commerce lighting industry. In February Alpine bought Lighting By Gregory, another online lighting retailer, for an undisclosed price. No word on whether they’ll combine forces but I can’t imagine the reasoning behind keeping ’em separate.
The firm targets companies with greater than $2 million in EBITDA in industries ranging from alarm monitoring and ATM operators to specialty retailers and wealth management. Alpine Investors was formed in 2001 by Graham Weaver, a former VP at Oak Hill Capital.