Corinthian Capital Group LLC, a New York PE firm, has closed a second dividend recapitalization of Best Lighting Products Inc., since its acquisition of the company. Best Lighting, which is headquartered in Pataskala, Ohio, designs and sells a variety of exit and emergency and ambient general lighting products in North America.
Best Lighting, which also operates a manufacturing facility in Dongguan, China, successfully diversified its supply chain to include manufacturing capabilities in Vietnam, Cambodia, Malaysia and Indonesia.
“The partnership with Corinthian Capital since 2015 has provided us additional expertise and resources to execute on the growth opportunities in the industry,” Best Lighting CEO Jeffrey Katz said, in a statement. “Corinthian Capital has supported our product and facility expansion efforts and we look forward to continuing on our strong growth trajectory.”
Corinthian Capital and Best Lighting have worked together to introduce new products, expand warehouse capacity and improve strategic supply chain management.
Corinthian Capital, which was founded in 2005, targets investments in small and middle market companies located in primarily in North America with EBITDA between $5 million and $30 million.
