Project Description

Architectural Lighting Works

Prairie Capital Fund VI

Location Oakland, CA
Transaction Type Growth Buyout with Founder and Management
Investment Date March 2017
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

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.

Jim Prior, Founder