M&A Deal Summary

CORE Industrial Partners Acquires Saylite

On September 4, 2019, private equity firm CORE Industrial Partners acquired electrical equipment company Saylite

Acquisition Highlights
  • This is CORE Industrial Partners’ 1st transaction in the Electrical Equipment sector.
  • This is CORE Industrial Partners’ 3rd transaction in the United States.
  • This is CORE Industrial Partners’ 1st transaction in Texas.

M&A Deal Summary
Date 2019-09-04
Target Saylite
Sector Electrical Equipment
Buyer(s) CORE Industrial Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) KPMG Corporate Finance LLC (Financial)

Target

Saylite

Carrollton, Texas, United States
Saylite is a full-service provider of LED and non-LED configured lighting products and solutions serving commercial, industrial, and premium residential markets. Based in Carrollton, Texas, with additional facilities in Dallas, Austin, Houston, Augusta, Charleston, and Providence, the company is developing the latest solutions for both practical and design-centric applications employing an engineering staff that bridges the worlds of lighting, construction, design and technology. Saylite’s brands (Fleco Industries, Texas Fluorescents Reinvented, Mobern, Lights Fantastic, Lights Fantastic Pro, L.I.T.E., LFP Lighting, Southern Lighting Gallery, and Vantage) and products can be found illuminating a diverse building set, including large retailers, commercial office space, industrial warehouses and a variety of premium residential structures. Saylite was founded in 1965 and is based in Carrollton, Texas.

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Buyer(S) 1

Buyer

CORE Industrial Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2017
PE ASSETS 700M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

CORE Industrial Partners is a private equity firm focused on acquiring mid-sized, North American, manufacturing and industrial technology companies. The Firm targets buyouts, non-core divestitures, and complex situations from a variety of sellers generating revenue up to $200 million. The Firm prefers companies with diverse customers, opportunities to add value, and operating fragmented markets. CORE Industrial Partners was established in 2017 and is headquartered in Chicago, Illinois.

DEAL STATS #
Overall 3 of 16
Sector (Electrical Equipment) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 3 of 11
State (Texas) 1 of 1
Country (United States) 3 of 16
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-05 Fathom

Hartland, Wisconsin, United States

Fathom is an on-demand digital manufacturing platforms in North America, serving the comprehensive product development and low- to mid-volume manufacturing needs of the largest and most innovative companies in the world. With more than 25 manufacturing processes and a national footprint with nearly 450,000 square feet of manufacturing capacity across 12 facilities, Fathom blends in-house capabilities across plastic and metal additive technologies, CNC machining, injection molding & tooling, sheet metal fabrication, and design and engineering. Fathom was founded in 1984 and is based in Hartland, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-02 Cohere Beauty

Phoenix, Arizona, United States

Cohere Beauty is a full-service contract manufacturer, formulator, and distributor of customized hair care, skin care, fragrance, and cosmetic products. Cohere’s turnkey services include formulation, compounding, filling, quality assurance, packaging, and distribution. The company serves a diverse customer base comprised of established health & beauty companies and emerging brands. Cohere specializes in helping emerging brands accelerate speed to market through concept & formula development support. With locations in Arizona, California, Nebraska, and New Jersey, the company operates out of four FDA-registered cGMP compliant facilities with more than 800,000 sq. ft. of manufacturing space. Cohere Beauty was formed in 1972 and is based in Phoenix, Arizona.

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