M&A Deal Summary

Triangle Capital and ShoreView Industries Acquire Luminance Lighting

On May 1, 2007, private equity firms Triangle Capital and ShoreView Industries acquired electrical equipment company Luminance Lighting

Acquisition Highlights
  • This is Triangle Capital’s 3rd and ShoreView Industries’ 2nd transaction in the Electrical Equipment sector.
  • This is Triangle Capital’s 16th and ShoreView Industries’ 9th transaction in the United States.
  • This is Triangle Capital’s 3rd and ShoreView Industries’ 2nd transaction in California.
Investment Fate
  • Luminance Lighting was sold to a consortium of financial buyers in 2016.
  • Luminance Lighting went bankrupt in 2022.

M&A Deal Summary

Date 2007-05-01
Target Luminance Lighting
Sector Electrical Equipment
Buyer(s) Triangle Capital
ShoreView Industries
Deal Type Recapitalization

Target

Luminance Lighting

Commerce, California, United States
Luminance Lighting is a provider of lighting fixtures and products to the residential, commercial, and hospitality markets. Luminance Lighting is a designer of lighting parts, hardware, fixtures, ceiling fans, and plumbing parts. Luminance Lighting was formed in 1951 and is based in Commerce, California.

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Buyer(S) 2

Buyer

Triangle Capital

Raleigh, North Carolina, United States

Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION


DEAL STATS #
Overall 16 of 114
Sector: Electrical Equipment M&A 3 of 4
Type: Recapitalization M&A Deals 2 of 20
State: California M&A 3 of 10
Country: United States M&A 16 of 112
Year: 2007 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-30 Twin-Star International

Delray Beach, Florida, United States

Twin-Star International, Inc. is a designer and marketer of decorative electric fireplaces and bathroom vanities. Through a continuous focus on designing high quality, aesthetically pleasing products, Twin-Star has achieved leading market positions in the large and growing electric fireplace category and is the primary supplier of the category to leading retailers across various channels.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-11 CyrusOne

Dallas, Texas, United States

CyrusOne is a global REIT specializing in design, construction, and operation of more than 50 high-performance data centers worldwide. TCyrusOne was founded in 2001 and is based in Dallas, Texas.

Buy -
Buyer

ShoreView Industries


Category Private Equity Firm
Founded 2002
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ShoreView Industries is a middle-market private investment principally focused on partnering with family or entrepreneurial-owned companies. ShoreView will consider a variety of investment situations, including buyouts, leveraged recapitalizations, minority investments, and industry consolidations. Areas of interest include engineered products, distribution, industrial services, business services, and niche consumer products. ShoreView industries was established in 2002 and is headquartered in Minneapolis, Minnesota.


DEAL STATS #
Overall 10 of 47
Sector: Electrical Equipment M&A 2 of 2
Type: Recapitalization M&A Deals 3 of 14
State: California M&A 2 of 4
Country: United States M&A 9 of 46
Year: 2007 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-18 Axygen BioScience

Union City, California, United States

Axygen Inc is a manufacturer and distributor of high quality life sciences plastic consumables, liquid handling products and bench-top laboratory equipment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-29 TERREPOWER

Daphne, Alabama, United States

TERREPOWER engages in remanufacturing of starters, alternators, hydraulic and air disc brake calipers, both hydraulic and electronic power steering products and turbochargers for the OEM, personal and commercial vehicle aftermarket industries. TERREPOWER was founded in 1987 and is headquartered in Daphne, Alabama.

Sell -