M&A Deal Summary

Salem Investment Partners and KLH Capital Acquire Apogee Lighting

On February 1, 2018, mezzanine finance firm Salem Investment Partners and private equity firm KLH Capital acquired electrical equipment company Apogee Lighting

Acquisition Highlights
  • This is Salem Investment Partners’ 1st and KLH Capital’s 1st transaction in the Electrical Equipment sector.
  • This is Salem Investment Partners’ 48th and KLH Capital’s 54th transaction in the United States.
  • This is Salem Investment Partners’ 1st and KLH Capital’s 4th transaction in New York.

M&A Deal Summary

Date 2018-02-01
Target Apogee Lighting
Sector Electrical Equipment
Buyer(s) Salem Investment Partners
KLH Capital
Deal Type Recapitalization

Target

Apogee Lighting

Deer Park, New York, United States
Apogee Lighting is a manufacturer of specialty transit, industrial, and architectural LED lighting fixtures. Apogee provides commercial-grade fixtures used by transit systems (including the New York Metropolitan Transportation Authority) across the US. Apogee Lighting is based in Deer Park, New York.

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Buyer(S) 2

DESCRIPTION

Salem Investment Partners specializes in debt and equity investments in privately-held, middle-market businesses across the Southeast and Mid-Atlantic regions of the US. Salem looks to invest $2 to $10 million per transaction to help support growth, acquisitions, recapitalizations, and buyouts. Sectors of interest include business services, light manufacturing, consumer products, and distribution. Salem Investment Partners was formed in 1999 and is based in Greensboro, North Carolina.


DEAL STATS #
Overall 48 of 58
Sector (Electrical Equipment) 1 of 2
Type (Recapitalization) 4 of 5
State (New York) 1 of 1
Country (United States) 48 of 58
Year (2018) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 Insight 2 Design

Overland Park, Kansas, United States

Insight 2 Design provides outdoor products and portable lighting. Insight 2 Design develops outdoor products like – tents, sleeping bags, packs, camping furniture, lanterns, headlamps, flashlights, and more. Insight 2 Design was founded in 2012 and is based in Overland Park, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-01 US Tarp

South Haven, Michigan, United States

US Tarp is a designer, manufacturer, and distributor of load containment and cargo protection tarping systems, controls, and tarps for commercial vehicle applications. US Tarp was established in 2001 and is based in South Haven, Michigan.

Buy -
Buyer

KLH Capital

Tampa, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

KLH Capital is a private investment firm focused on smaller company investments in a variety of growing industry sectors. KLH helps provide management teams with capital to facilitate recapitalizations, management buy-outs/buy-ins, family successions, and other ownership transitions. KLH generally pursues companies with $4 to $20 million in pre-tax earnings and will consider opportunities across the US. KLH will not invest in start-ups, high technology, software, biotech, restaurants, retail, real estate development, oil and gas operations, or new construction businesses. KLH Capital is based in Tampa, Florida.


DEAL STATS #
Overall 54 of 67
Sector (Electrical Equipment) 1 of 1
Type (Recapitalization) 29 of 38
State (New York) 4 of 4
Country (United States) 54 of 67
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-27 Premiere Precision Components

Holiday, Florida, United States

Premiere Precision Components is a provider of high-volume, custom manufactured molded plastic, rubber, and metal components such as seals, O-rings, gaskets, boots, assemblies, and bonded parts to a variety of end markets, including the communications, HVAC, pool & spa, and lawncare industries. Premiere Precision Components was founded in 1998 and is based in Holiday, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-15 BluSky Restoration

Centennial, Colorado, United States

BluSky Restoration is a provider of commercial, industrial, governmental, and multi-family restoration, renovation, environmental, and roofing services with an emphasis on commercial, large losses, and emergency restoration services across the continental United States. BluSky Restoration was founded in 2004 and is based in Centennial, Colorado.

Sell -