KLH Capital Buys Apogee Lighting
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KLH Capital Buys Apogee Lighting

KLH Capital has acquired Apogee Lighting, the owner of Apogee Translite and its sister company LumiNEXT Lighting.

Apogee Lighting is a manufacturer of specialty transit, industrial, and architectural LED lighting fixtures. Apogee Translite provides commercial-grade fixtures used by transit systems (including the New York Metropolitan Transportation Authority) across the US. The company’s products are designed to meet the specific needs of transit applications including high pressure, vibration, metal dust, dampness, and vandalism (www.apogee-lighting.us).

LumiNEXT Lighting serves the architectural market and provides application specific, customized LED lighting systems that are used by lighting designers and architects (www.luminext.lighting).

Both Apogee Translite and LumiNEXT Lighting operate out of the company’s headquarters on Long Island in Deer Park, NY.

“Richard and his team have done an incredible job growing the company into a premier, custom lighting manufacturer addressing the needs of the country’s largest transit systems and commercial construction projects,” said Josh Kuder, a Partner at KLH Capital. “We are excited to partner with the company as they build upon their success and expand their business.”

“It has been a pleasure working with the KLH team on this transaction and I know their experience will be valuable to achieving our goals as we enter this next phase of our growth strategy,” said CEO Richard Nicolai. Mr. Nicolai and other members of the management team will be shareholders in Apogee Lighting in partnership with KLH.

KLH Capital is an SBIC-licensed private equity firm that invests in niche manufacturing, value-added distribution and specialty service companies with revenues of at least $10 million and EBITDA of at least $2 million. The firm is headquartered in Tampa (www.klhcapital.com).

Mezzanine financing for this acquisition was provided by Greensboro, NC-based Salem Investment Partners (www.salemip.com) and the senior debt was provided by Wayne, NJ-based Valley National Bank (www.valleynationalbank.com).

© 2018 Private Equity Professional | March 7, 2018

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