M&A Deal Summary

Kingswood Capital Management Acquires Kichler Lighting

On September 3, 2024, private equity firm Kingswood Capital Management acquired electrical equipment company Kichler Lighting from Masco for 125M USD

Acquisition Highlights
  • This is Kingswood Capital Management’s 1st transaction in the Electrical Equipment sector.
  • This is Kingswood Capital Management’s 2nd largest (disclosed) transaction.
  • This is Kingswood Capital Management’s 14th transaction in the United States.
  • This is Kingswood Capital Management’s 1st transaction in Ohio.

M&A Deal Summary
Date 2024-09-03
Target Kichler Lighting
Sector Electrical Equipment
Buyer(s) Kingswood Capital Management
Sellers(s) Masco
Deal Type Divestiture
Deal Value 125M USD

Target

Kichler Lighting

Solon, Ohio, United States
Kichler Lighting develops decorative residential and light commercial lighting products, ceiling fans, and LED lighting systems across both consumer and professional distribution channels. Kichler Lighting was founded in 1938 and is based in Solon, Ohio.

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Buyer(S) 1

Buyer

Kingswood Capital Management

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Agnostic
DESCRIPTION

Kingswood Capital Management is an operationally focused private equity firm focused on complex situations throughout North America. The Firm targets control positions in middle-market companies with revenues of $100 to $500 million. Sectors of interest include business services, consumer, retail, energy, industrials, technology, media, communications, and value-added distribution. Kingswood Capital Management was established in 2013 and is based in Los Angeles, California.

DEAL STATS #
Overall 17 of 19
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 7 of 8
State (Ohio) 1 of 1
Country (United States) 14 of 16
Year (2024) 4 of 6
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-27 Save Mart

Modesto, California, United States

Save Mart operates approximately 200 Save Mart, Lucky California, and FoodMaxx stores in the California Central Valley and Northern Nevada. Save Mart also operates SMART Refrigerated Transport and is a partner in Super Store Industries ("SSI"), which owns and operates a distribution center in Lathrop, and the Sunnyside Farms dairy processing plant in Turlock. Save Mart is based in Modesto, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-14 Branding Iron

Sauget, Illinois, United States

Branding Iron manufactures diverse protein products for the food service, retail, and chain restaurant channels. Branding Iron is based in Sauget, Illinois.

Buy -

Seller(S) 1

SELLER

Masco

Livonia, Michigan, United States
Category Company
Founded 1929
Sector Building Materials
Employees18,000
Revenue 8.0B USD (2023)
DESCRIPTION
Entrance to Masco's corporate headquarters in Taylor, Michigan.
Entrance to Masco's corporate headquarters in Taylor, Michigan.

Masco manufactures, distributes and installs home improvement and building products. The Company is among the largest manufacturers in North America of a number of home improvement and building products, including faucets, cabinets, architectural coatings and windows, and Masco is one of the largest installers of insulation for new home construction. The Company provides a broad product offering in a variety of styles and price points and distribute products through multiple channels, including directly to homebuilders and wholesale and retail channels. Masco was formed in 1929 and is based in Livonia, Michigan.

DEAL STATS #
Overall 13 of 13
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 11 of 11
State (Ohio) 1 of 1
Country (United States) 10 of 10
Year (2024) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-31 Sauna360

Hanko, Finland

Sauna360 is a developer, manufacturer, and marketer of a broad product range that includes sauna heaters, steam bath products, control units, and sauna accessories. Sauna360 was founded in 1919 and is based in Hanko, Finland.

Buy -
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