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v2 Lighting Group, Inc. has been acquired by Architectural Lighting Works

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BCMS is pleased to announce the recent sale of v2 Lighting Group, Inc. (“v2 Lighting” or the “Company”) to Architectural Lighting Works (“ALW”), a portfolio company of Prairie Capital VI, L.P.

Founded in 2010 and based in Silicon Valley, v2 Lighting designs and manufactures modern, high performance, interior and exterior specification-grade, architectural LED lighting fixtures.  The Company’s innovative fixtures are built to order with precision engineering and uncompromised quality to meet the demanding requirements of corporate offices, as well as sports and convention center facilities.

The Company’s outstanding reputation, focus on long-term relationships with a diverse range of blue-chip clients and efficient manufacturing process made it a fundamentally attractive acquisition candidate. 

Chris Varrin, founder and CEO of v2 Lighting, now Chief Design Officer at ALW, added, “Exceptional products have always been at the core of v2 Lighting.  This consolidation of the two companies under a common vision allows us to innovate and grow more effectively, ultimately providing our customers with the best products available.  ALW’s resources, state-of-the-art manufacturing, and commitment to excellence solidified this partnership decision.”

ALW, an architectural lighting manufacturer based in Oakland, California, has been creating inspiration and illumination since 2005 for clients such as Microsoft, Volkswagen, Tesla, Whole Foods, Nike, and Google. ALW's portfolio of decorative lighting expanded with the acquisition of Neidhardt in 2017, giving specifiers unparalleled creativity and flexibility in customizing their luminaires. ALW manufactures all products in their North America factory, and primarily serves the United States, Caribbean, and Canadian markets.

This transaction, which is the latest among several recent completions advised by BCMS, highlights the firm’s expertise in several areas:

  • Thoughtful positioning of v2 Lighting as a fast-growing, highly profitable and scalable platform investment, as well as a synergistic and complementary addition to an existing footprint, given the Company’s position as the leader in high-performance and highly configurable cylinders, pendants, and sconces. In this case, v2 Lighting’s product portfolio fit perfectly with ALW’s Linear, MoonRing, and bespoke designs, contributing to the successful completion of this transaction.
  • Critical guidance during complex negotiations to deliver an outcome that satisfies the personal and financial objectives of our client.

BCMS Capital Advisors LLC (“BCMS”) acted as the Exclusive Financial Advisor to v2 Lighting Group, Inc.

ABOUT BCMS 

BCMS is a family-owned boutique investment bank that specializes in advising owners of private companies with respect to the planning and execution of sale transactions. Founded in 1989, the Firm has 260+ professionals operating from offices worldwide, including the United States, United Kingdom, Switzerland, the Netherlands, and Israel. BCMS has successfully completed more than 600 transactions globally in the past ten years, making us one of the world’s leading sell-side advisors to private companies in the middle market.

 

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Posted Dec 2019
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