New York private equity firm Corinthian Capital Group LLC completed the acquisition of lighting manufacturer Best Lighting Products LLC from Wafra Partners LLC for an undisclosed amount.
Pataskala, Ohio-based Best Lighting makes exit sign and other private label emergency lighting products. Under Wafra’s ownership Best Lighting has improved product quality and on-time delivery rates, according to Wafra managing director Michael Goodman. Wafra acquired Best Lighting in 2006.
Duff & Phelps advised Best Lighting.
New York-based Corinthian Capital focuses on companies in the manufacturing, distribution and consumer sectors that have between $50 and $250 million in sales and $10 to $30 million in Ebitda.
Another recent lighting manufacturing deal includes Old World Industries LLC buying headlight maker Eiko Global LLC, announced on Aug. 3, for undisclosed terms.