Sentinel Capital Partners recapitalizes The Luminaires Group

Innovative, Rapidly Growing Specialty Lighting Manufacturer

NEW YORK, June 8, 2016 – Sentinel Capital Partners, a private equity firm that invests in promising companies at the lower end of the middle market, today announced the recapitalization of The Luminaires Group, a leading North American manufacturer of specification-grade and architectural lighting fixtures. Terms of the deal were not disclosed.

Founded in 1987, Luminaires designs, develops, manufactures, and distributes specification-grade lighting products across North America via three niche brands, each with its own focus. Eureka concentrates on indoor and outdoor decorative lighting; Amerillum focuses on indoor and outdoor architectural lighting; and Cyclone specializes in outdoor area lighting. Luminaires serves commercial, institutional, hospitality, and municipal end markets and offers a wide range of contemporary lighting fixtures for interior and exterior use. Luminaires has received many industry awards for its innovative lighting designs and product excellence, including several prestigious Reddot Awards.

"Luminaires is a leading lighting platform with strong development and design capabilities and a record of innovation," said Eric Bommer, a partner at Sentinel. "Luminaires enjoys an impressive breadth of award-winning products and benefits from longstanding sales relationships and distribution channels in North America. We're very excited about this investment and the opportunity to partner with Luminaires' talented management team."

"Sentinel has a record of helping middle market companies like ours accelerate top-line growth, make strategic add-on acquisitions, and drive operational improvement," said Christian Fabi, President of Luminaires. "We are well-positioned to grow organically by expanding our product offering, utilizing our strong network, and applying the unique, individual strengths of our product lines. We also see the potential to grow through acquisitions and expand into new markets."

"In a highly-fragmented market, Luminaires has always been a leader in best practices and operational excellence," said Patrick Foley, Executive Vice President of Luminaires. "We look forward to continuing this tradition and preserving our strong firm culture."

The past year has been highly active for Sentinel. Besides The Luminaires Group, Sentinel made five other new investments: Marketplace Events, a business services company that is the largest operator of consumer home and garden shows in North America; Corporate Visions, another business services company that provides marketing and sales enablement solutions; Driven Performance Brands, a manufacturer of high performance automotive aftermarket products for car and truck enthusiasts; Fazoli’s Group, a franchisor and operator of Italian fast casual restaurants; and Total Military Management, a provider of relocation services to U.S. military and government personnel. Sentinel also completed five successful exits in the past year: Hospice Advantage, a leading healthcare provider of end-of-life care to patients in their homes; IEP Technologies, an industrials business that is a global leader in industrial explosion protection; Northeast Dental Management, a leading regional dental care company; Spinrite, North America’s leading supplier of consumer yarn products for knitting enthusiasts; and Vintage Parts, a leader in supply chain and logistics services for slow-moving and inactive OEM parts.