M&A Deal Summary

Corinthian Capital Group, Valesco Industries and FS Investments Acquire Trimlight

On May 13, 2025, private equity firm Corinthian Capital Group, private equity firm Valesco Industries and asset manager FS Investments acquired electrical equipment company Trimlight

Acquisition Highlights
  • This is Corinthian Capital Group’s 3rd, Valesco Industries’ 2nd and FS Investments’ 1st transaction in the Electrical Equipment sector.
  • This is Corinthian Capital Group’s 22nd, Valesco Industries’ 16th and FS Investments’ 4th transaction in the United States.
  • This is Corinthian Capital Group’s 1st, Valesco Industries’ 1st and FS Investments’ 1st transaction in Utah.

M&A Deal Summary

Date 2025-05-13
Target Trimlight
Sector Electrical Equipment
Buyer(s) Corinthian Capital Group
Valesco Industries
FS Investments
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) D.A. Davidson (Financial)

Target

Trimlight

West Jordan, Utah, United States
Trimlight develops and manufactures permanent exterior lighting for residential, commercial, and municipal applications. Trimlight was formed in 2011 and is based in West Jordan, Utah.

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Buyer(S) 3

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 22 of 22
Sector: Electrical Equipment M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 12 of 12
State: Utah M&A 1 of 1
Country: United States M&A 22 of 22
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-17 Ultimate Toys

Loveland, Ohio, United States

Ultimate Toys is a designer and marketer of Class B RV luxury vehicles that provide solutions for the market need of functionality and utility for different use cases. The company's luxury conversion vehicles and teardrop trailers are designed to facilitate premium excursion experiences and transform the way people interact and experience luxury road travel. Its multi-functional floor plans and designs are brimming with high-end amenities and features that allow for almost any purpose: family vacations, tailgating, a night out on the town, a mobile office, or entertaining business clients. Ultimate Toys was founded in 2017 and is based in Loveland, Ohio.

Buy -
DESCRIPTION

Valesco Industries is a private equity firm focused on growth-oriented small and lower middle-market businesses across the US. Valesco seeks profitable companies with EBITDA of at least $4 million and revenue between $15 and $100 million in the manufacturing, distribution, and business services sectors. The Firm considers both minority and majority positions as well as provides subordinated debt to support owner successions, management buyouts, recapitalizations, and growth financings. Valesco does not invest in start-ups, real estate, financial services, and turnarounds. Valesco Industries was established in 1993 and is headquartered in Dallas, Texas.


DEAL STATS #
Overall 16 of 16
Sector: Electrical Equipment M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 6 of 6
State: Utah M&A 1 of 1
Country: United States M&A 16 of 16
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-04 Principal Sloan

San Angelo, Texas, United States

Principal Sloan is an electronics component provider to the electrical sign industry in North America. The company manufactures and sells UL-recognized LED sign modules and cabinet products for new and retrofit sign applications, as well as neon and LED power supplies and other sign accessories. Principal Sloan was founded in 2010 and is based in San Angelo, Texas.

Sell -
Buyer

FS Investments

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2007
PE ASSETS 19.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

FS Investments is an asset management firm that provides a variety of investment vehicles for retail investors and institutions. FS Investment generally looks to provide senior secured loans, second lien loans and mezzanine financing for private US companies. FS Investments was formerly known as Franklin Square Capital Partners. FS Investments was formed in 2007 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 4 of 4
Sector: Electrical Equipment M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 2
State: Utah M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-20 Harvey Building Products

Waltham, Massachusetts, United States

Harvey Building Products manufactures windows and doors under the Harvey brand name and also distributes siding, roofing and other building products. Harvey Building Products was founded in 1961 and is based in Waltham, Massachusetts.

Sell -