Duray Inc., a Chicago-based designer of custom lighting, has been sold to a private investor group. Terms of the deal were not released. The Peakstone Group acted as M&A advisor to Duray on the transaction.
PRESS RELEASE
Duray, Inc. recently completed the sale of the company to a private investor group. Terms of the transaction were not disclosed.
Duray, Inc., based in Chicago, Illinois, has been a leading designer and manufacturer of custom lighting solutions, serving customers in electrical distribution, display lighting, and OEM manufacturing for over 50 years. The company is well known for developing innovative lighting solutions, combining state-of-the-art components with lighting application engineering to deliver high quality products at competitive prices. In recent years, many customers have turned to Duray for its broad range of energy efficient lighting systems.
About The Peakstone Group
The Peakstone Group is a leading and one of the fastest growing investment banking firms in the middle market. Peakstone provides middle market companies and their owners with strategic advisory and capital raising solutions. Peakstone also makes direct equity investments through its affiliate, PAG Capital.
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