Exited Investment
Architectural Lighting Works
Prairie Capital Fund VI
| Location | Oakland, CA |
| Transaction Type | Growth Buyout with Founder and Management |
| Investment Date | March 2017 |
| Exit Date | February 2023 |
| Buyer | LMPG Inc. |
| Business | Designer and manufacturer of LED architectural lighting products |
| Industry | Industrial |
Investment Rationale
- Large, fragmented and rapidly-growing LED lighting market
- Strong reputation in LED market, known for high-quality designed products
- Diversified rep network and product offering opportunities to national accounts
Value Add
- Human Capital
- Sales & Marketing
- Technology
- Infrastructure
- Supply Chain
- Add-on Acquisitions
TEAM:
I had met with a number of prospective buyers, but Prairie were, by far, the most compelling proposition. Clearly astute and knowledgeable, they impressed me with the depth of their business intelligence and experience. Beyond that, I found them hardworking but amenable and easy to work with, always retaining a good sense of humor throughout the process. Not a single regret over my choice.