Kichler Lighting acquired

LOS ANGELES – Kingswood Capital Management has acquired Kichler Lighting for an undisclosed sum. The company said it will merge Kichler with its current portfolio company, Progress Lighting.

“This merger marks an exciting milestone for our customers, employees, and other key stakeholders,” said Sean Veit, former Progress Lighting CEO who will now serve as CEO of the combined company. “We are thrilled to be able to support our customers with an expanded portfolio of high-quality lighting solutions and enhanced service capabilities. With this merger, we look forward to preserving and enhancing the distinct positioning that the Progress and Kichler brands hold in the market.”

Vijay Shankar, the former Kichler president, will serve as the company’s executive ehairman and both men will serve on the company’s board of directors.

According to Viet, the combined company will benefit from expanded distribution and service capabilities and a robust product catalog that will be well positioned to serve customers across the homebuilder, trade, showroom, retail, and e-commerce sales channels.

The company’s go-to-market strategy will feature both the Progress and Kichler brands, which were founded in 1906 and 1938 respectively.

“We are very excited about bringing these great brands and organizations together. The combined talent and resources will position us to better serve our customers,” said Shankar. “Our leadership team looks forward to working thoughtfully through the integration to ensure that our customers are the greatest beneficiaries of this combination.”

Configure Partners served as financial advisors, and McDermott Will & Emery served as legal counsel to Kingswood. Lincoln International, Davis Polk & Wardwell, and Baker Botts advised Masco Corporation.

Kingswood Capital Management purchased Progress Lighting from Hubbell Incorporated in Dec. 2023.

See also:

• Hubbell to sell Progress Lighting
• Kichler at KBIS: 8 new lighting families showcased