Capstone Partners served as exclusive financial advisor to Royal Pacific Limited (“RP Lighting + Fans”), a portfolio company of Fulton Capital and Midwest Mezzanine Funds, in its sale to Ferguson Enterprises, LLC, the U.S. operating subsidiary of Ferguson plc (LSE: FERG).
Founded in 1990 and headquartered in Albuquerque, New Mexico, RP Lighting + Fans is a leading wholesale specialty distributor of ceiling fans and lighting fixtures to the multi-family housing market, as well as to the adjacent commercial and residential markets.
RP Lighting + Fans serves an entrenched base of specialty electrical distributors, general building products distributors and national and regional distributors, offering a wide array of ceiling fans, recessed, decorative and other lighting fixtures and wiring devices.
With over 1,600 locations and a market capitalization in excess of £25 billion, Ferguson is a leading distributor of residential and commercial plumbing, HVAC/R, industrial and waterworks products.
Ferguson’s acquisition of RP Lighting + Fans enhances its proposition to multi-family specialty electrical distributors and expands its lighting and fan offering.
