M&A Deal Summary

LMPG Acquires Architectural Lighting Works

On February 15, 2023, LMPG acquired electrical equipment company Architectural Lighting Works from Prairie Capital

Acquisition Highlights
  • This is LMPG’s 3rd transaction in the Electrical Equipment sector.
  • This is LMPG’s 1st transaction in the United States.
  • This is LMPG’s 1st transaction in California.

M&A Deal Summary
Date 2023-02-15
Target Architectural Lighting Works
Sector Electrical Equipment
Buyer(s) LMPG
Sellers(s) Prairie Capital
Deal Type Add-on Acquisition

Target

Architectural Lighting Works

Oakland, California, United States
Architectural Lighting Works is a designer and assembler of architectural LED lighting fixtures and participates in the large, fragmented, and rapidly growing LED lighting industry. Architectural Lighting Works was established in 2006 and is headquartered in Oakland, California.

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Buyer(S) 1

Buyer

LMPG

Longueuil, Quebec, Canada
Category Company
Founded 2006
Sector Electrical Equipment
DESCRIPTION

LMPG is a designer, developer, manufacturer and sells a wide range of high performance and sustainable specification-grade LED lighting solutions for commercial, institutional and urban environments. LMPG was founded in 2006 and is based in Longueuil, Quebec.

DEAL STATS #
Overall 3 of 3
Sector (Electrical Equipment) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (California) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-24 SDL Lighting

Canada

SDL Lighting Inc. is a designer and manufacturer of outdoor LED luminaires.

Buy CA$3M

Seller(S) 1

SELLER

Prairie Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 525M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prairie Capital is a private investment firm that provides equity and/or mezzanine capital to support buyouts and recapitalization of lower middle-market companies generating sales of $20 - $100 million with an EBITDA of $4 - $12 million. Areas of interest include niche manufacturers, business services, consumer products, marketing services, specialty chemical, and food businesses. The firm invests in the range of $25 - $45 million per transaction. Prairie Capital was formed in 1997 and is based in Chicago, Illinois.

DEAL STATS #
Overall 51 of 55
Sector (Electrical Equipment) 4 of 4
Type (Add-on Acquisition) 17 of 18
State (California) 4 of 4
Country (United States) 50 of 54
Year (2023) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Royal Distributing

Guelph, Ontario, Canada

Royal Distributing is a omnichannel specialty retailer serving the enthusiast powersports market for snowmobile, ATV, UTV, dirt bike, motorcycle, and watersports aftermarket products. Royal Distributing was founded in 1990 and is based in Guelph, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-12 Tower Engineering Professionals

Raleigh, North Carolina, United States

Tower Engineering Professionals is an operator of engineering services firm focused on serving the telecommunications industry. Tower Engineering Professionals' services include structural analysis, civil engineering, surveying; environmental, inspection, geotechnical, renewable energy, residential, commercial, plumbing, mechanical, and electrical, and structural modification and design. Tower Engineering Professionals was founded in 1997 and is based in Raleigh, North Carolina.

Sell -
Mergr

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