Lineage Capital has acquired ARN Industries (dba Halco Lighting Technologies), a manufacturer and distributor of lamps, ballasts and landscape lighting fixtures.
Halco Lighting Technologies is a branded manufacturer and distributor of lamps, ballasts and landscape lighting fixtures for the commercial and industrial markets. The company has distribution centers in Norcross, GA (headquarters) Cleveland, Houston and Phoenix (www.halcolighting.com).
Lineage Capital is a private equity firm that has an exclusive focus on owner-managed and family-controlled businesses with EBITDAs of $4 million or greater and enterprise values of $20 million to $150 million. The firm is based in Boston (www.lineagecapital.com).
Investment bank Greene Holcomb & Fisher (GH&F) served as the exclusive financial advisor to Halco in the transaction and introduced Lineage to the company. “The team at GH&F did an outstanding job of helping us communicate Halco’s unique position in the commercial and industrial lighting market. We are excited about having our new partner, Lineage, on board to help us accelerate the growth of Halco,” said Allan Nelkin, Chief Executive Officer and majority owner of Halco.
“Lineage should be a tremendous partner for Halco. The company has a number of very interesting growth opportunities to pursue, and we know Lineage will be very helpful to Allan and his team to take the business to the next level,” said GH&F Managing Director Steve Hunter.
Greene Holcomb & Fisher maintains offices in Minneapolis, Phoenix, Seattle and Atlanta and specializes in mergers and acquisitions, private placements and financial advisory services for the middle market (www.ghf.net). “This transaction out of our new Atlanta office highlights the strategic importance to us as a firm of middle market, closely-held companies across the U.S., including the Southeast,” said GH&F Managing Director Kent Adams. “Under Steve Hunter’s leadership of both our Atlanta office and our national private equity effort, this was a great way to end 2012.”
© 2013 PEPD • Private Equity’s Leading News Magazine • 1-10-13
