November 24, 2015 – New Canaan Funding (“NCF”) provided financing to support the acquisition of Halco Lightning Technologies (“Halco”) by Summer Street Capital Partners. New Canaan Funding (“NCF”) provided subordinated notes and equity in Halco as part of this acquisition.
Headquartered in Atlanta, Georgia, Halco is a leading manufacturer of lamps (light bulbs), fixtures and ballasts for the commercial and industrial, residential and specialty lighting markets in the U.S. Halco services customers include electrical distributors, lighting distributors, lighting showrooms, specialty distributors and original equipment manufacturers. Halco offers a broad assortment of lamps, including the latest LED products and a full line of traditional products such as incandescent, compact fluorescent, linear fluorescent, HID and halogen. Halco’s product lines also include fluorescent and HID ballasts as well as low voltage landscape lighting fixtures.
New Canaan Funding, with offices in New Canaan, Connecticut and Wheaton, Illinois, is a mezzanine firm focused on the middle market private sponsor community. Since its beginnings in 1995, NCF has targeted acquisitions, recapitalizations and growth financings in conjunction with its private equity clients. NCF is currently investing out of its fifth fund. The investment in Halco represents NCF’s eighteenth investment in the fund. This financing represents the first with Summer Street Capital Partners.
Summer Street Capital Partners, based in Buffalo, New York, is a private equity fund manager with committed capital focused on investing in middle-market companies. The firm invests alongside talented managers, bringing capital and resources to support acquisitions and aggressive growth strategies. Summer Street invests with a consistent focus in niche manufacturing, business and industrial services, distribution, and environmental services.
Contact and additional information for Summer Street Capital Partners can be found at http://www.summerstreetcapital.com/.
Contact at New Canaan Funding:
Bradley A. Ament