Pfingsten Partners has acquired Industrial Lighting Products, a specialty designer and manufacturer of energy efficient commercial lighting fixtures. Pfingsten acquired the company in partnership the company’s President Jason Hendren on December 28, 2012, marking the eleventh platform investment for Pfingsten’s $525 million Fund IV.
“The Industrial Lighting Products team has built a tremendous business in the rapidly growing, high efficiency lighting sector,” said Scott Finegan, a managing director at Pfingsten. “The company is well positioned as commercial lighting transitions to LED and other high efficiency technologies.”
Industrial Lighting Products (ILP) is a manufacturer of a variety of high efficiency LED, fluorescent, and induction commercial lighting fixtures. Products include high bay, wet location, stairwell, and outdoor fixtures, as well as retrofit kits. The company was founded in 2003 and is based in Sanford, FL (www.ilp-inc.com).
“We are excited to partner with Pfingsten to continue to build a leading manufacturer of energy efficient lighting,” said Mr. Hendren. “Pfingsten will provide the operational expertise, global capabilities and financial support needed to accelerate our growth in the indoor and outdoor LED fixture market.”
Pfingsten Partners invests in middle market manufacturing, distribution and business services companies. Since completing its first investment in 1991, Pfingsten Partners has acquired 87 manufacturing, distribution, and business service companies and has over $1 billion of capital under management. The firm is based in Chicago and has offices in Changan, China and New Delhi, India (www.pfingsten.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 1-10-13