Resilience Capital Partners has acquired Luminance, a lighting products provider. No financial terms were disclosed. Intrepid Investment Bankers advised Luminance on the transaction.
LOS ANGELES–(BUSINESS WIRE)–Intrepid Investment Bankers (Intrepid), a leading middle-market investment bank, today announced the sale of American De Rosa Lamparts, LLC (dba Luminance), a leading designer and distributor of lighting products to Resilience Capital Partners (Resilience), a middle-market private equity firm based in Cleveland, Ohio. Luminance was a portfolio company of ShoreView Industries, a private equity sponsor with $900 million under management. Since it was formed in 2001, Resilience has invested in 49 companies across 26 platforms. Luminance’s senior management team, led by Chief Executive Officer Eric Allen will continue to execute its strategic plan, which includes growing share in existing markets, expanding into new markets and pursuing select complementary acquisitions.
“Intrepid ran a highly effective process and helped us maximize value through thoughtful positioning and high touch execution,” said Scott Gage, Partner at ShoreView Industries. “We believe that Luminance has a great future and are confident that Resilience will be a great partner for the business.”
“Luminance has built a successful model for providing lighting solutions to several different markets that are rarely addressed by any one single provider. The company has a history of growing organically and through acquisitions, and is well poised to continue its growth with the support of its new institutional owner. We feel privileged to have played an integral role in selecting a partner who will support management in growing the business,” said Ed Bagdasarian, Chief Executive Officer and Managing Director at Intrepid.
Founded in 1952, Luminance is one of the largest, fastest growing designers and distributors of lighting products serving the North America lighting market. The company offers stock lighting products to the residential and commercial markets and customized lighting solutions to the hospitality market. In addition, the company designs, engineers, and manufacturers premium custom lighting products to the hospitality market through its Hallmark division.
About Intrepid Investment Bankers
Intrepid provides M&A, capital raising and strategic advisory services to entrepreneurs and middle-market companies in various industry sectors. Our heritage, rooted in our founders’ successful 35-year history, breeds a culture that embraces teamwork, tenacity and creativity to win big for our clients. We believe that every company has an entrepreneurial passion that drives it and a story that defines it. Our team delivers results through skillful positioning and relentless execution. Based in Los Angeles, Intrepid augments its international capabilities through its active participation in Oaklins, an exclusive global alliance of M&A advisory firms. Member FINRA/SIPC