M&A Deal Summary

LumiSource Acquires Grandview Gallery

On April 27, 2022, LumiSource acquired retailer Grandview Gallery from CID Capital

Acquisition Highlights
  • This is LumiSource’s 1st transaction in the Retail sector.
  • This is LumiSource’s 1st transaction in the United States.
  • This is LumiSource’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2022-04-27
Target Grandview Gallery
Sector Retail
Buyer(s) LumiSource
Sellers(s) CID Capital
Deal Type Merger

Target

Grandview Gallery

Memphis, Tennessee, United States
Grandview Gallery is a designer and supplier of affordable home décor products, including lamps, fixtures, and pendants sold through retail and online. Grandview Gallery was founded in 2006 and is based in Memphis, Tennessee.

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Buyer(S) 1

Buyer

LumiSource

Elk Grove Village, Illinois, United States

Category Company
Founded 1997
Sector Furniture
DESCRIPTION

LumiSource is a provider of home decor and furnishings sold predominantly through online retailers. LumiSource was founded in 1997 and is based in Elk Grove Village, Illinois.


DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Tennessee M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1

Seller(S) 1

SELLER

CID Capital

Carmel, Indiana, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CID Capital is a private investment firm that makes both venture capital and private equity investments. CID's private equity practice invests $10 to $15 million of equity capital in lower middle-market companies with $10 to $100 million of revenue and at least $3 million of cash-flow. Funds are generally used to support divestitures, management buyouts, leveraged buyouts, shareholder liquidity, recapitalization, and growth financing. Areas of interest include industrial products and services, general distribution, safety and security products, branded consumer products, medical products and services, building products, and food manufacturing. The Firm prefers investments located within the US. CID Capital was formed in 1981 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 23 of 25
Sector: Retail M&A 2 of 2
Type: Merger M&A Deals 1 of 1
State: Tennessee M&A 1 of 1
Country: United States M&A 23 of 25
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-13 LumiSource

Elk Grove Village, Illinois, United States

LumiSource is a provider of home decor and furnishings sold predominantly through online retailers. LumiSource was founded in 1997 and is based in Elk Grove Village, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-15 Georgia Metals

Danielsville, Georgia, United States

Georgia Metals is a value-added distributor of metal roofing and other related metal building products and accessories. Georgia Metals is based in Danielsville, Georgia.

Buy -