Sun Acquisitions is pleased to announce the successful acquisition of an Industrial, Commercial & Medical Lighting Distributor, based in the Greater Chicago area.
This family-owned business was founded in Chicago over 100 years ago. The provide sales and distribution of lighting products to the following industries: medical, office magnification, industrial, machinery, utility, and more. The business experiences low customer concentration, with a strong online ordering presence. They are equipped with a knowledgeable team to provide high quality customer service. The day-to-day operations are run by a management team in place to stay on with new ownership
This company presents major growth opportunities for the new ownership to continue to grow the business. These opportunities include: increase online presence and implement an online marketing strategy, expand product offerings, increasing the sales team and developing a stronger training program.
Through the confidential marketing of the business, Sun Acquisitions generated over 55 interested buyers which led to one final offer of above the asking price to purchase Lighting Specialties Co. from its previous ownership. The business was acquired by a strategic buyer, Rose Industrial Products, to add new product lines to their existing industrial product distribution operation.
Richard Port was the lead advisor and managed all aspects of this client engagement. Richard is a Senior Advisor with Sun Acquisitions with a focus on the healthcare industry. His education and 35+ years of experience uniquely position him to oversee the dental and healthcare business as part of the suite of services Sun Acquisitions offer.
After the sale of the business, Richard Port, stated, “We are exceptionally pleased that this family-owned business will be transitioning to another family-owned business and that the legacy of this company will continue to move forward.”
About Sun Acquisitions
Sun Acquisitions is a Chicago based mergers and acquisitions firm. We work with clients that are interested in the confidential sale, acquisition or valuation of privately held companies. Our professionals have significant deal experience and knowledge to thoroughly guide clients through each stage of the sale or acquisition process. Sun Acquisitions has successfully managed and handled over 400 transactions across all industries and is recognized as a leading M&A advisory firm in the Midwest.
If you are interested in buying or selling a business, contact us at [email protected] to schedule a free consultation with our team.