M&A Deal Summary

ForceField Acquires American Lighting Supply

On April 29, 2014, ForceField acquired electrical equipment company American Lighting Supply from Forrest Binkley and Brown and Timepiece Capital for 5M

Acquisition Highlights
  • This is ForceField’s 1st transaction in the Electrical Equipment sector.
  • This is ForceField’s largest (disclosed) transaction.
  • This is ForceField’s 1st transaction in the United States.
  • This is ForceField’s 1st transaction in California.

M&A Deal Summary
Date 2014-04-29
Target American Lighting Supply
Sector Electrical Equipment
Buyer(s) ForceField
Sellers(s) Forrest Binkley and Brown
Timepiece Capital
Deal Type Add-on Acquisition
Deal Value 5M

Target

American Lighting Supply

San Diego, California, United States
American Lighting Supply is an energy-efficient commercial lighting specialist.

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Buyer(S) 1

Buyer

ForceField

Coconut Creek, Florida, United States
Category Company
Founded 2007
Sector Energy Services and Equipment
Employees58
Revenue 9M USD (2014)
DESCRIPTION

ForceField is a global company whose products and solutions focus on sustainable energy solutions and improved energy efficiency. ForceField was founded in 2007 and is based in Coconut Creek, Florida.

DEAL STATS #
Overall 1 of 2
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (California) 1 of 1
Country (United States) 1 of 2
Year (2014) 1 of 2
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-20 ESCO Energy Services

Lenox, Massachusetts, United States

ESCO Energy Services Co. is a provider of full turnkey energy efficiency services that encompass energy audits, engineering, design, materials procurement, project management, installation, metering, measurement, energy savings verification, project funding and utility rebate processing.

Buy $8M

Seller(S) 2

SELLER

Forrest Binkley and Brown

Irvine, California, United States
Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Forrest Binkley & Brown (FBB) is a private equity firm focused on investing in middle-market buyouts and growth capital financings in Southern California. FBB prefers to act as the lead investor and looks to partner with management when pursuing acqusitions. Typical investments range from $2 to $6 million per transaction. Forrest Binkley & Brown was formed in 1993 and is based in California, with offices in Irvine and Solana Beach.

DEAL STATS #
Overall 13 of 14
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 5 of 6
State (California) 10 of 10
Country (United States) 13 of 14
Year (2014) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-14 Cooking.com

Santa Monica, California, United States

Cooking.com is an on-line retailer focused on high quality cooking related products including: cookware, tableware, cookbooks, and specialty foods. Cooking.com has over 5,000 products in addition to creative content such as articles from prominent chefs, recipes, and cooking advice.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-20 AirClic

Trevose, Pennsylvania, United States

AirClic is a provider of cloud-based mobile software products that improve the performance of mobile supply chain and logistics operations.

Sell -
SELLER

Timepiece Capital

Scottsdale, Arizona, United States

Investor

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Timepiece Capital is a private investment firm that targets smaller company investments across the niche distribution, manufacturing, and service industries. Timepiece looks for businesses with $5 to $50 million of annual revenue and at least $1.25 million of operating cash flow. Timepiece will not invest in restaurants, real estate opportunities, or companies with a significant degree of technology risk. Timepiece Capital was formed in 2004 and is based in Scottsdale, Arizona.

DEAL STATS #
Overall 4 of 6
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (California) 2 of 2
Country (United States) 4 of 6
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-01 Vanderveer Industrial Plastics

Placentia, California, United States

Vanderveer Industrial Plastics is a fabricator and distributor of thermoplastics and specialty plastic laminates serving a variety of industrial applications. Vanderveer Industrial Plastics was founded in 1951 and is based in Placentia, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-06 Bag Balm

Lyndonville, Vermont, United States

Bag Balm is a manufacturer of branded over-the-counter moisturizing salve commonly used to treat dry and chapped skin. Bag Balm was founded in 1899 and is based in Lyndonville, Vermont.

Buy -
Mergr

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