American De Rosa Lamparts has been acquired by Resilience Capital Partners LLC

October 2016 — SV-ADL Holdings,Triangle Capital Corporation has sold American De Rosa Lamparts, LLC to Resilience Capital Partners LLC. Financial details have not been disclosed.

American De Rosa Lamparts, LLC, doing business as Luminance, manufactures and distributes lighting solutions for residential and commercial customers. The company offers commercial products, sunset lighting, concord fans, lamparts, LED products, bulk lampartsn and metal furnishings, as well as brass plumbing fittings, valves, cocks and parts. It also offers fixtures ranging from chandeliers to indoor/outdoor, wall sconces, vanities, plumbing components, and LED light bulbs, as well as lighting hardware to ceiling fans. The company was founded in 1951 and is based in Commerce, California, with locations in Texas, New York and Illinois.

Resilience Capital Partners is a private equity firm specializing in acquisitions and buy-outs of lower middle-market special situation companies and recapitalization. The firm typically invests in distressed, underperforming, corporate divestitures, and turnaround situations with opportunities for change of control and balance sheet restructuring. The firm primarily invests in basic industry businesses with a focus on automotive, basic manufacturing, Industrial manufacturing, aviation, aerospace, minerals and mining, consumer goods, building products, business services, infrastructure services, capital goods, chemicals, plastics, metals and metal fabrication, retail, transportation, packaging, and distribution. It also invest in plastic and synthetic resins, fabricated structural metal products, containers, trading companies and distributors, automobile manufacturers, consumer staples, and consumer durables and apparels, broadcasting, information technology, software, real estate and restaurants. The firm typically invests in companies headquartered in North America with operations anywhere in the world. It also invest in Midwestern and Mid-Atlantic US. It invests between US$5–40 million in companies with revenues between US$25–500 million and an EBITDA of less than US$20 million. The firm prefers to make majority and control equity investments and can also make minority investments. Resilience Capital Partners was founded in 2001 and is based in Cleveland, Ohio, with an additional office in Detroit, Michigan.

SV-ADL Holdings, Triangle Capital Corporation is a business development company specializing in private equity and mezzanine investments. It focuses on leveraged buy-outs, management buy-outs, ESOPs, change of control transactions, acquisition financing, growth financing, and recapitalizations in the lower middle-market, mature, and later stage companies. The firm prefers to make investments in various business sectors including manufacturing, distribution, transportation, energy, communications, health services, restaurants, media and others. It primarily invests in companies located throughout the US, with an emphasis on the Southeast and Mid-Atlantic. The firm makes equity investments between US$1–25 million and debt investments between US$5–30 million per transaction, in companies having annual revenues between US$20–200 million and an EBITDA between US$3–35 million and can also co-invest. It typically makes investments between US$5–35 million. It primarily invests in senior subordinated debt securities secured by second lien security interests in portfolio company assets, coupled with equity interests. The firm also invests in senior debt securities secured by first lien security interests in portfolio companies. Triangle Capital Corporation was founded in 2002 and is based in Raleigh, North Carolina.

Our role in the transaction

Oaklins' team in Los Angeles advised the seller in this transaction.