Capstone Partners advised Energy Light dba LightMart, a distributor and manufacturer of outdoor commercial and industrial lighting solutions, on its majority recapitalization with Tonka Bay Equity Partners. Terms of the deal were not disclosed.
Headquartered in Lake Zurich, IL, LightMart operates as a manufacturer and B2B ecommerce provider of outdoor lighting products for commercial, industrial, and municipal customers. In addition to a wide selection of lighting products and accessories, the company offers in-house services such as manufacturing and assembly, powder coating, welding, and more. As an innovative, engineering-focused company, LightMart has also developed several patented products, offering unique solutions and distinguishing the company from competitors. The company serves a widely diversified customer base with end markets spanning fuel and convenience stores, automotive dealerships, retail, education, church, military, municipal, leisure, industrial, and sports markets. For more information, visit LightMart here.
Capstone made the intensely complex and demanding process of selling a business easier just like a whitewater rafting guide experienced with the long and dangerous journey full of violent rapids and major obstacles that are difficult to avoid.
Ted Polk, Managing Director at Capstone Partners, noted, “It was an honor to represent Sami and Lori Ozgen in their sale of LightMart. They built a best-in-class business that offers turnkey solutions to their customers and their consistently strong growth attests to the success of their efforts.”
Lisa Tolliver, Managing Director at Capstone, added, “LightMart is well positioned for continued growth in the B2B e-commerce market. Unlocking the company’s growth potential was important to Sami and Lori, and they are excited to partner with Tonka Bay in this effort.”
Tonka Bay Equity Partners is a Minnesota-based lower middle market private equity group. The firm acquires and invests in growth-oriented companies in the highly engineered manufacturing, value-added distribution, and business services sectors.
With respect to this transaction, Zach Huston, Director at Tonka Bay, noted that “Sami and Lori (Ozgen) built an exceptional company with a strong reputation in the outdoor lighting market that has been focused on meeting the specific needs of their diverse customer base. We are excited about partnering with LightMart to expedite growth through strategic investments and operational excellence.” For more information about Tonka Bay Equity Partners, visit tonkabayequity.com.
The investment banking professionals on Capstone Partners’ Industrials and Consumer Investment Banking Teams collaborated on this project to offer deep cross-industry expertise that aligns with the needs of the business. These teams have deep experience working with both leading middle market manufacturers that support the Construction sector and with E-Commerce businesses to advise with strategic decision-making in order to maximize financial outcomes at every stage of the business lifecycle. Our firm has developed a full suite of corporate finance solutions, including M&A advisory, debt advisory, financial advisory, and equity capital financing to help privately owned businesses and private equity firms address any need, ranging from growth and financial or operational advisement to an ultimate exit transaction. To learn more about this transaction, or about the benefits of starting a relationship with either our Industrials or Consumer Investment Banking Teams, contact us here.
