M&A Deal Summary

Summer Street Capital Partners Acquires Halco Lighting Technologies

On December 3, 2015, private equity firm Summer Street Capital Partners acquired electrical equipment company Halco Lighting Technologies from Lineage Capital

Acquisition Highlights
  • This is Summer Street Capital Partners’ 1st transaction in the Electrical Equipment sector.
  • This is Summer Street Capital Partners’ 20th transaction in the United States.
  • This is Summer Street Capital Partners’ 1st transaction in Georgia.

M&A Deal Summary

Date 2015-12-03
Target Halco Lighting Technologies
Sector Electrical Equipment
Buyer(s) Summer Street Capital Partners
Sellers(s) Lineage Capital
Deal Type Secondary Buyout

Target

Halco Lighting Technologies

Norcross, Georgia, United States
Halco Lighting Technologies is a manufacturer of lamps and ballasts for commercial/industrial, residential, and specialty lighting applications. Halco Lighting Technologies was founded in 1974 and is based in Norcross, Georgia.

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Buyer(S) 1

Buyer

Summer Street Capital Partners

Orchard Park, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 480M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Summer Street Capital is a private equity firm that targets investments in lower middle-market companies located in the Eastern and Midwest areas of the US as well as Southeastern Canada. Summer Street seeks to invest in platform companies generating revenues of at least $10 million. Broad ares of interest include environmental, niche manufacturing, and business services, Prospective transaction situations include growth capital financings, management buyouts, corporate divestitures, generational transitions, and recapitalizations. Summer Street Capital was formed in 1999 and based in Orchard Park, New York.


DEAL STATS #
Overall 21 of 23
Sector (Electrical Equipment) 1 of 1
Type (Secondary Buyout) 2 of 3
State (Georgia) 1 of 1
Country (United States) 20 of 22
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-25 Bracor

Buffalo, New York, United States

Bracor, Inc. (dba WillCare HealthCare) is a provider of skilled home health and personal care services

Sell $51M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-05 Graphic Controls Holdings

Buffalo, New York, United States

Graphic Controls is a manufacturer of consumables utilized in a variety of niche applications. The Company’s primary products include a growing set of disposable medical supplies, security-enabled point of sale (“POS”) products, and a variety of specialty cards, charts, and tickets. Graphic Controls has a diversified base of over 50,000 customers, including hospitals and healthcare providers, industrial businesses, leading casinos, and specialty marketing companies. Graphic Controls was formed in 1909 and is based in Buffalo, New York.

Sell -

Seller(S) 1

SELLER

Lineage Capital

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 160M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Lineage Capital is a private investment firm focused on acquiring interests in family-controlled and owner-managed middle-market businesses. The Firm targets businesses with EBITDA of $4 million or greater. Lineage looks for control or minority investment situations and will consider opportunities throughout North America. Lineage Capital was formed in 2003 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 7 of 10
Sector (Electrical Equipment) 1 of 1
Type (Secondary Buyout) 5 of 6
State (Georgia) 2 of 2
Country (United States) 7 of 10
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-07 Wilson Associates

Dallas, Texas, United States

Wilson Associates is a provider of a full range of interior architectural design services for the construction and renovation of luxury hotels, resorts and casinos worldwide.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-22 Diamond Mowers

Sioux Falls, South Dakota, United States

Diamond Mowers is a manufacturer of industrial mowing, mulching, and brush cutting equipment for the municipal, skid-steer and excavator markets. Its products include: boom mowers, rotary mowers, flail mowers and forestry mulchers for municipalities, contractors, and land owners. The company entered the skid-steer and excavator attachment markets in 2013, and manufactures rotary mowers and forestry mulchers that attach to skid loaders and excavators products ideal for small, and large-scale brush clearing operations. Diamond Mowers was founded in 2000 and is based in Sioux Falls, South Dakota.

Buy -