Exclusive financial advisor to The Sloan Company, Inc.
KPMG Corporate Finance acted as exclusive financial advisor to The Sloan Company, Inc.
KPMG Corporate Finance (“KPMG CF LLC and KPMG Corporate Finance Canada”) is pleased to announce the sale of The Sloan Company, Inc. (“SloanLED” or the “Company”) to Principal Industries (“Principal”).
Founded in 1957, SloanLED has been a leader in the design, development, and manufacturing of innovative, high‑reliability LED lighting products for multiple vertical and geographical markets. Headquartered in Ventura, California with an international sales office in The Netherlands and a sourcing office in Asia, SloanLED is well positioned to support customers and manage costs and manufacturing throughout the world.
Steve Shotwell, president and COO of SloanLED, said, “I look forward to combining the strengths of two market leaders and providing our customers with the best and most innovative product solutions, services, and support, across all of our business segments around the world.”
“The Vincent brothers and I are beyond excited to welcome SloanLED into the Principal family. Bringing together the two most highly regarded LED brands in the industry gives us access to a vast array of capabilities,” stated Principal Industries CEO, Todd Fiske. “This will accelerate our development of innovative and useful solutions while striving to simplify the lives of our customers.”
About Principal Industries
Headquartered in San Angelo, Texas, Principal Industries is the leading manufacturer of electrical components and LED solutions to the North American illuminated sign industry and is the first and only manufacturer of LED sign modules in the United States.
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Managing Director and Group Head, TMT Investment Banking, KPMG Corporate Finance LLC