Corinthian Capital Group (a middle-market private equity firm) announced that an affiliate of Corinthian, in partnership with Valesco Industries, has acquired a majority interest in Trimlight, a leading provider of permanent exterior LED lighting solutions.
Based in the greater Salt Lake City area, Trimlight is a pioneer in developing and manufacturing permanent exterior lighting for residential, commercial, and municipal applications. Launched in 2011, the company grew into a premier brand in the category, serving a large and expanding customer base through a network of more than 300 exclusive dealers across the United States and Canada.
Trimlight’s product portfolio spans accent lighting, holiday lighting, security lighting, landscape lighting, etc. And the company has experienced consistent growth driven by its reputation for innovation and reliability, as Trimlight has become the trusted name in permanent exterior lighting.
Advisors/support: FS Investments provided debt financing for the transaction. And Corinthian was advised by Latham & Watkins (legal counsel) and CohnReznick (financial, accounting, and tax advisory). D.A. Davidson & Co. served as the exclusive financial advisor to Trimlight.
KEY QUOTES:
“The opportunity to invest the first institutional dollars in Trimlight, a premier, rapidly growing company with a large addressable market, is perfectly aligned with our investment strategy.”
Kenneth Clay, Managing Partner of Corinthian
“Trimlight has built a tremendous brand and network, and we’re excited to support the team in scaling to new heights.”
John Hughes, Managing Director at Corinthian
“We are thrilled to partner with Corinthian and Valesco as we enter the next chapter of Trimlight’s growth. Their experience and resources will help us expand our reach, better support our dealer network, and further establish Trimlight as the market leader in permanent lighting solutions.”
Trimlight Co-founder Ryan Whittaker
