Footprint Capital (“Footprint”) acted as the exclusive sell-side advisor to Capital Lighting, Inc. (“Capital Lighting” or the “Company”) in the transaction with Mainstreet Investment Company, LLC (“Mainstreet”). Footprint led a comprehensive process engaging with financial and strategic buyers. Mainstreet was ultimately selected as the preferred buyer as a result of the strong cultural match between organizations, the future opportunity for Capital Lighting’s employees and business, and the growth opportunities Mainstreet presented in the senior living sector. As part of the transaction, the founders of the Company chose to reinvest a minority stake in the business going forward and plan to continue working in the business alongside Mainstreet to execute on a number of strategic initiatives.
“We found a partner in Mainstreet that is an excellent fit for us and will provide a bright future for our team,” said Dave Winks, Vice President of Capital Lighting.
“Mainstreet Private Investment is a different breed of investment company – we value our partners, invest for the long-term, and focus intently on great culture,” said Derrick Smith, Managing Director of Private Investments at Mainstreet. “As Mainstreet continues to transform lives, we look for strategic opportunities that align with our mission, and Capital Lighting is the perfect illustration. We are extremely excited about this opportunity, and for the future of Capital Lighting and their employees.”
“We were very pleased with the entire process and the result. Footprint provided valuable guidance from beginning to end,” said Larry King, President of Capital Lighting.
Capital Lighting, founded in 1990 and headquartered in Columbus, Ohio, sells residential, commercial, and specialty lighting to builders, contractors, architects, and at retail direct to consumers. For 25 years, Capital Lighting has provided an industry leading level of service, developed strong partnerships with local builders, and maintained a comprehensive product offering. This formula coupled with other operating disciplines has firmly established Capital Lighting as the leading lighting provider in Central Ohio, both for retail and wholesale to builders and contractors. For more information, visit: http://capitallightinginc.com.
Mainstreet is a national company specializing in real estate development, value investments, and health care. As the nation’s largest developer of transitional care properties, Mainstreet has been recognized by Senior Housing News, winning the Architecture & Design Award in 2013, 2014 and 2015, and has been named to the Inc. 500 and Inc. 5000 five times since 2010. For more information, visit: http://www.mainstreethealthinvestments.com.
Footprint is a boutique investment bank focused on advising owners and operators of privately held companies in the middle market. Footprint’s services include sell-side and buy-side merger and acquisition advisory, ownership transition planning, capital raising, and strategic management consulting.