M&A Deal Summary

Fulton Capital and Midwest Mezzanine Funds Acquire RP Lighting + Fans

On January 1, 2016, private equity firm Fulton Capital and mezzanine finance firm Midwest Mezzanine Funds acquired distribution company RP Lighting + Fans

Acquisition Highlights
  • This is Fulton Capital’s 1st and Midwest Mezzanine Funds’ 4th transaction in the Distribution sector.
  • This is Fulton Capital’s 3rd and Midwest Mezzanine Funds’ 53rd transaction in the United States.
  • This is Fulton Capital’s 1st and Midwest Mezzanine Funds’ 1st transaction in New Mexico.
Investment Fate
  • RP Lighting + Fans was sold to a strategic buyer in 2022.

M&A Deal Summary

Date 2016-01-01
Target RP Lighting + Fans
Sector Distribution
Buyer(s) Fulton Capital
Midwest Mezzanine Funds
Deal Type Buyout (LBO, MBO, MBI)

Target

RP Lighting + Fans

Albuquerque, New Mexico, United States
RP Lighting + Fans is a distributor of ceiling fans, electrical wiring devices, and lighting fixtures used predominantly in multi-family housing complexes and other related end markets. Royal Pacific was founded in 1990 and is based in Albuquerque, New Mexico.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 2

Buyer

Fulton Capital

Northbrook, Illinois, United States

Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Fulton Capital is a private equity firm small to mid-sized companies with revenues between $10 and $100 million. Prospective companies are profitable with a minimum EBITDA of $2 million and up to $10 million. Fulton looks for control investment situations and prefers opportunities located in the US. Sectors of interest include niche manufacturing, logistics, distribution, and service. Fulton Capital is based in Chicago, Illinois.


DEAL STATS #
Overall 3 of 7
Sector: Distribution M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 4
State: New Mexico M&A 1 of 1
Country: United States M&A 3 of 7
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-17 E-conolight

Racine, Wisconsin, United States

E-conolight, LLC is a distributor of lighting fixtures and accessories for use primarily in commercial and industrial settings. E-conolight's products include floodlights, linear fluorescent lights, high and low bay lights, exit signs, emergency lights, and other lighting products. E-conolight sells its products through direct-marketing catalogs and its website.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-06 Green Creative

Sanford, Florida, United States

Green Creative LLC is a developer and manufacturer of innovative light-emitting diode (“LED”) lighting for the Commercial, Industrial, and Specification markets. The company has served the North American commercial lighting market with an industry-leading product offering of LED lamps and LED luminaires. With its headquarters in Silicon Valley, CA and R&D center in Shanghai, China, the company’s LED lighting solutions have been widely adopted by some of the largest companies in the world. Green Creative was founded in 2010 and is based in Sanford, Florida.

Buy -
Buyer

Midwest Mezzanine Funds

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1992
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Midwest Mezzanine Funds (MMF) is a provider of junior capital to lower middle-market, US and Canadian companies. MMF looks to invest $4 to $15 million to support buyouts, acquisition financings, recapitalizations, and growth capital needs. Prospective companies generally have consistent profits ($3 million of EBITDA), low capital intensity, and sustainable competitive advantages. Broad areas of interest include manufacturing, value-added distribution, and services. MMF will not invest in high technology, energy, or real estate. Midwest Mezzanine was formed in 1992 and has offices in Chicago and Monroe, Michigan.


DEAL STATS #
Overall 53 of 81
Sector: Distribution M&A 4 of 6
Type: Buyout (LBO, MBO, MBI) M&A Deals 26 of 32
State: New Mexico M&A 1 of 1
Country: United States M&A 53 of 81
Year: 2016 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Jolyn

Huntington Beach, California, United States

Jolyn is a designer and e-retailer of women’s performance training swimwear, accessories, and Dryland activewear apparel. Jolyn is based in Huntington Beach, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 Hercules Chassis

Hillsborough, New Jersey, United States

Hercules Chassis is a manufacturer of chassis and specialty trailers used to carry intermodal shipping containers to and from ports, rail terminals, origin, and final destination. Hercules Chassis was founded in 1958 and is based in Hillsborough, New Jersey.

Buy -