Pfingsten has sold Industrial Lighting Products to Harbour Group
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce the sale of Industrial Lighting Products (“ILP” or the “Company”) to Harbour Group. ILP was a portfolio company of Pfingsten.
Headquartered in Sanford, Florida, ILP is a nationally recognized brand with 14 years of experience manufacturing energy-efficient lighting fixtures for the industrial, commercial, and outdoor retrofit and construction markets. The Company’s products can be found in warehouses, manufacturing facilities, offices, schools and parking lots throughout the United States. ILP’s in-house engineering and manufacturing capabilities allow it to remain at the forefront of product development and innovation and enable the Company to provide configured lighting solutions that solve customers’ problems. For more information, visit www.ilp-inc.com.
“Lincoln ran a very disciplined, competitive process, that when combined with its deep experience in the LED sector, resulted in a successful outcome for the Company, its employees and its shareholders,” noted Scott Finegan, Managing Director at Pfingsten.
“Lincoln’s unique market insights and process execution generated an efficient and effective sale process. We are proud of our partnership with the ILP management team and wish the Company continued success,” stated Ken Hessevick, Principal at Pfingsten.
Jason Hendren, President and CEO of ILP, commented, “Lincoln’s detailed understanding of ILP’s business model and value proposition, and commitment to the sale process generated a highly desirable outcome. We are excited to partner with Harbour Group and execute on the next stage of ILP’s growth, both organically and through acquisitions.”
Lincoln acted as the exclusive financial advisor to Pfingsten and ILP, working closely with its shareholders and management team throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
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