Exclusive financial advisor to Fleco Industries
KPMG Corporate Finance LLC acted as exclusive financial advisor to Fleco Industries.
KPMG Corporate Finance LLC acted as exclusive financial advisor to Fleco Industries, Inc. (“Fleco” or the “Company”) on its sale to Core Industrial Partners (“Core”), a Chicago-based private equity firm.
Fleco is a leading provider of lighting solutions and operates multiple brands, including Saylite, Texas Flourescents Reinvented, Mobern, Lights Fantastic, Lights Fantastic Pro, Lite and LFP Lighting. Fleco, which will transition its overall corporate name to Saylite, is headquartered in Carrollton, TX, with two manufacturing locations and four state-of-the-art lighting experience showrooms that provide innovative lighting solutions for a variety of applications. The company offers one of the most comprehensive selections of LED-based products in the industry, as well as controls and other related lighting products for the commercial, industrial — and premium residential markets.
“We are pleased and excited to begin this partnership with CORE," said Jon Sayah, CEO of Saylite. "For more than 50 years, the Sayah family has worked tirelessly to grow the Company into an industry leader in innovative lighting, known for the quality of our products, the breadth and depth of our services, and our dedication to first-class customer service. The partnership with CORE provides us with additional resources to broaden our capabilities and product offerings, including the acquisitions of complementary businesses, all of which will prove highly beneficial for our customers.”
“KPMG CF has deep expertise and experience the across the entire value chain in the lighting industry and was instrumental in all aspects of the transaction, proving as a trusted advisor throughout the process,” added Mr. Sayah.
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