Kingswood Capital Management acquires Kichler Lighting and merges with Progress Lighting to form leading residential lighting platform
Kingswood Capital Management acquires Kichler Lighting and merges with Progress Lighting to form leading residential lighting platform
09/19/24, 1:10 PM
Location
los angelessolonIndustry
venture capital
financial services
furniture
manufacturing
Kingswood Capital Management, LP has announced the acquisition of Kichler Lighting, LLC from Masco Corporation and the subsequent merger with its portfolio company, Progress Lighting, LLC. This strategic move aims to establish one of North America’s leading residential lighting platforms, positioning the combined company to offer expanded distribution and service capabilities across various sales channels. The go-forward management team will be composed of legacy Progress and Kichler executives, ensuring continuity and experience in the leadership.
Company Info
Location
Los Angeles, California, United States
Company info
Kingswood Capital Management, LP is a private investment firm primarily focused on investing in businesses in transition. In addition to access to capital, Kingswood brings relevant industry relationships and a broad network of internal and external operating resources that can strengthen the businesses it partners with and enhance value. Kingswood has extensive experience with complex transactions where it provides tailored solutions that ensure the best outcome for all constituents.