Exclusive financial adviser to CORE Industrial Partners

KPMG Corporate Finance LLC acted as exclusive financial adviser to CORE Industrial Partners on its acquisition of Kelvix

KPMG Corporate Finance LLC (“KPMG Corporate Finance”) served as exclusive financial advisor to CORE Industrial Partners (“CORE”) on its acquisition of Kelvix LLC (“Kelvix”), a leading designer and supplier of commercial value engineered linear lighting systems.

CORE Industrial Partners is a Chicago-based private equity firm with over $700 million of commitments that invests in North American lower middle-market manufacturing and industrial technology businesses. Kelvix is CORE’s first investment from CORE Industrial Partners Fund II, a $465 million fund closed in February 2021.

Headquartered in Lake Oswego, Oregon, Kelvix works closely with customers to develop lighting solutions specific to project performance requirements across a broad product offering, including light sources, mounting, drivers, luminaires, controls, and accessories. Kelvix’s nationwide independent manufacturer representative network of nearly 80 agencies serves a variety of end markets, including medical, education, hospitality, commercial, and multi-family housing.

John May, Managing Partner of CORE, said, “Kelvix has developed a compelling value proposition through leading customer service and differentiated technical capabilities that allow the Company to deliver targeted and functional lighting solutions at a fraction of the cost and time. We’re looking forward to partnering with the Kelvix management team to build upon the successful culture they have created.”

“The KPMG Corporate Finance team, with their expertise, relationships and long track-record in the lighting industry, was key in identifying an ideal partner for CORE and helping structure a transaction that aligns the goals of CORE, Kelvix, its employees, and owners,” added Mr. May. 

About CORE Industrial Partners

CORE Industrial Partners is a Chicago-based private equity firm investing in North American lower middle-market manufacturing and industrial technology businesses. CORE’s team is comprised of highly experienced former CEOs and investment professionals with shared beliefs, deep experience, and a proven track record of building market leading businesses. Through capital, insight, and operational expertise, CORE partners with management teams and strives to build best-in-class companies with lasting results.  For more information, visit www.coreipfund.com.

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KPMG Corporate Finance LLC provides a broad range of investment banking and advisory services to its domestic and international clients. Our professionals have the experience and depth of knowledge to advise clients on global mergers and acquisitions, sales and divestitures, buyouts, financings, debt restructurings, equity recapitalizations, infrastructure project finance, capital advisory, portfolio solutions, fairness opinions, and other advisory needs.

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Shez Bandukwala

Shez Bandukwala

Managing Director, KPMG Corporate Finance LLC

+1 312-665-1067


 
 
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