Investment Summary

Pfingsten Partners Invests In Environmental Lights

On November 26, 2019, private equity firm Pfingsten Partners invested in electrical equipment company Environmental Lights

Investment Highlights
  • This is Pfingsten Partners’ 8th transaction in the Electrical Equipment sector.
  • This is Pfingsten Partners’ 50th transaction in the United States.
  • This is Pfingsten Partners’ 3rd transaction in California.

Investment Summary
Date 2019-11-26
Target Environmental Lights
Sector Electrical Equipment
Investor(s) Pfingsten Partners
Deal Type Growth Capital
Advisor(s) Lincoln International
Canaccord Genuity Corp. (Financial)
Sheppard Mullin (Legal)

Target

Environmental Lights

San Diego, California, United States
Environmental Lights is a manufacturer and distributor of commercial accent LED lighting, specializing in highly engineered systems that create distinct visual experiences. The Company develops custom lighting solutions for applications in retail, stage/production, exhibit, hospitality, audiovisual and architectural settings. Environmental Lights was founded in 2006 and is based in San Diego, California.

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Investor(S) 1

Investor

Pfingsten Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Pfingsten's office building at 300 North LaSalle in Chicago.
Pfingsten's office building at 300 North LaSalle in Chicago.

Pfingsten Partners is a private equity firm focused on investments in niche manufacturing, distribution, and business services companies. The Firm targets platform companies headquartered in the US although add-on acquisitions can be located outside the US. Prospective companies typically have revenues of $20 to $150 million and EBITDA of $3 to $12 million. Transaction types include private companies undergoing an ownership transition, corporate divestitures, strategic add-ons, and turnarounds. Pfingsten only invests in situations allowing for control. Pfingsten will not invest in real estate, natural resources, highly regulated businesses, retail, restaurants, early-stage companies, or technology. Pfingsten Partners was formed in 1989 and is based in Chicago, Illinois.

DEAL STATS #
Overall 50 of 56
Sector (Electrical Equipment) 8 of 9
Type (Growth Capital) 6 of 10
State (California) 3 of 5
Country (United States) 50 of 56
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 MPE

Milwaukee, Wisconsin, United States

MPE is a designer and manufacturer of mobile carts, consoles, tables, and assemblies primarily for the medical market. Products have numerous applications and are used in essentially every department of a hospital or outpatient facility. For over thirty years, MPE has served as a one-stop resource to design, engineer, develop, and build mobile medical carts. MPE was founded in 1978 and is based in Milwaukee, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-01 FireKing

New Albany, Indiana, United States

FireKing is a manufacturer of fireproof, impact-resistant, document retention and data storage systems. FireKing was founded in 1951 and is based in New Albany, Indiana.

Sell -
Mergr

Product

Company

Legal