Stephens Capital Partners LLC and Charter Oak Equity have acquired a controlling interest in Eiko Global LLC.
Shawnee, Kan.-based Eiko makes and distributes lighting products, including lamps. Eiko expects the deal to help it expand in the LED market. Terms of the deal were not disclosed. The transaction was announced Nov. 1.
Stephens Capital is the investing affiliate of Stephens Inc., a Little Rock, Ark.-based investment bank.
Westport, Conn.-based Charter Oak is a private equity firm that focuses on investing in the manufacturing, packaging, medical products and services, specialty chemicals, consumer products and financial services industries. The firm is currently invested in Brook & Whittle Ltd., Cirtec Medical Systems and ShelterLogic Inc. In May, Charter Oak teamed up with High Road Capital Partners to buy coating solutions provider Crown Group Inc.