M&A Deal Summary

Corinthian Capital Group Acquires Best Lighting Products

On July 21, 2015, private equity firm Corinthian Capital Group acquired electrical equipment company Best Lighting Products from Granite Bridge Partners

Acquisition Highlights
  • This is Corinthian Capital Group’s 2nd transaction in the Electrical Equipment sector.
  • This is Corinthian Capital Group’s 17th transaction in the United States.
  • This is Corinthian Capital Group’s 1st transaction in Ohio.

M&A Deal Summary

Date 2015-07-21
Target Best Lighting Products
Sector Electrical Equipment
Buyer(s) Corinthian Capital Group
Sellers(s) Granite Bridge Partners
Deal Type Secondary Buyout
Advisor(s) Kroll (Financial)

Target

Best Lighting Products

Pataskala, Ohio, United States
Best Lighting Products is a designer and manufacturer of private-label emergency and exit lighting products in the United States, serving a large and diverse base of customers. The company sells a broad portfolio of lighting products across the commercial, industrial, and institutional lighting industry. Best Lighting Products was founded in 1997 and is based in Pataskala, Ohio.

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Buyer(S) 1

Buyer

Corinthian Capital Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Corinthian Capital Group is a private equity firm that targets middle market-company investments located in North America. Corinthian prefers investments in consumer product, niche manufacturing, distribution, and service companies with revenues between $50 and $300 million with an EBITDA of $5 - $30 million. Corinthian typically targets opportunities brought on by generational turnover, shareholder liquidity, or corporate restructuring. Corinthian Capital was formed in 2005 and is based in New York City with additional office in Boston.


DEAL STATS #
Overall 17 of 22
Sector: Electrical Equipment M&A 2 of 3
Type: Secondary Buyout M&A Deals 3 of 3
State: Ohio M&A 1 of 2
Country: United States M&A 17 of 22
Year: 2015 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 Metaltec Steel Abrasive

Canton, Michigan, United States

Metaltec Steel Abrasive is a producer of cast steel abrasive products, including steel shot and steel grit, along with several niche materials that are produced as a byproduct of the grit and shot manufacturing process. Metaltec Steel Abrasive was founded in 1981 and is based in Canton, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-22 M&R Companies

Roselle, Illinois, United States

M&R Companies is a manufacturer of screen printing equipment for textile and graphic applications, including printing presses, belt printing systems, graphics presses, dryers, cure systems, and pre/post press equipment. M&R Companies was founded in 1985 and is based in Roselle, Illinois.

Buy -

Seller(S) 1

SELLER

Granite Bridge Partners

New York, New York, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2018
Size Mega
Type Sector Agnostic
DESCRIPTION

Granite Bridge Partners is a private equity firm focused on control investments in mid-sized companies operating in traditional industries. The Firm looks to commit $10 to $30 million in profitable companies with up to $100 million in revenue. Broad areas of interest include consumer products/services, business services, and niche manufacturing. Granite Bridge Partners is the former direct investing unit of Wafra Partners and was spun out in 2018. The Firm is based in in New York City.


DEAL STATS #
Overall 5 of 12
Sector: Electrical Equipment M&A 1 of 2
Type: Secondary Buyout M&A Deals 2 of 4
State: Ohio M&A 1 of 1
Country: United States M&A 4 of 10
Year: 2015 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-14 Advanced Sleep Concepts

Rome, Georgia, United States

Advanced Sleep Concepts, Inc. was a manufacturer of promotional, premium and ultra-premium mattresses and box springs. Advanced Sleep Concepts was formed in 1894 and was based in Rome, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 Vispero

Clearwater, Florida, United States

Vispero is a manufacturer and marketer of an assistive technology products for those who are blind or have low vision. The company's products include screen reading software for the blind, magnification software for those with low-vision, and other products for accessible scanning and reading, as well as Braille displays, notetakers, and the world's leading accessible PDA for the blind. Vispero was founded in 2000 and is based in Clearwater, Florida.

Sell -