Investment Summary

Tonka Bay Equity Partners Invests In LightMart

On January 7, 2025, private equity firm Tonka Bay Equity Partners invested in distribution company LightMart

Investment Highlights
  • This is Tonka Bay Equity Partners’ 3rd transaction in the Distribution sector.
  • This is Tonka Bay Equity Partners’ 33rd transaction in the United States.
  • This is Tonka Bay Equity Partners’ 1st transaction in Illinois.

Investment Summary

Date 2025-01-07
Target LightMart
Sector Distribution
Investor(s) Tonka Bay Equity Partners
Deal Type Growth Capital

Target

LightMart

Lake Zurich, Illinois, United States
LightMart is a value-added distributor of outdoor industrial and commercial lighting products and accessories. LightMart is based in Lake Zurich, Illinois.

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Investor(S) 1

Investor

Tonka Bay Equity Partners

Minnetonka, Minnesota, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 560M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tonka Bay Equity Partners is a Midwest US-based private equity firm that targets control and non-control investments in manufacturing, business services, and value-added distribution companies with at least $2 million of EBITDA. Tonka Bay will consider a variety of transaction situations, including management buyouts, shareholder liquidity events, recapitalizations, and expansions. Tonka Bay Equity Partners was formed in 1998 and is based in Minnetonka, Minnesota.


DEAL STATS #
Overall 34 of 34
Sector (Distribution) 3 of 3
Type (Growth Capital) 12 of 12
State (Illinois) 1 of 1
Country (United States) 33 of 33
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-04 Orange Tree Employment Screening

Minneapolis, Minnesota, United States

Orange Tree provides technology-enabled background screening, drug testing, and occupational health services. The company's services and solutions help companies focus on their business while empowering them to fill its open positions. Orange Tree Employment Screening was founded in 1990 and is based in Minneapolis, Minnesota.

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