CLEVELAND, October 19, 2016 – Resilience Capital Partners, a private equity firm that
invests in middle-market companies, announced it has acquired Luminance, one of the foremost
designers and distributors of lighting solutions for residential and commercial use and a leader in
innovative LED products. Resilience Capital Partners bought Luminance from Shoreview
Industries, a private equity firm based in Minneapolis. Terms of the transaction were not
disclosed.
Luminance has two divisions: Luminance, which provides a large line of stock products to
residential and commercial clients; and Hallmark Lighting, which supplies customized, high-end
lighting solutions, primarily to the hospitality industry. Luminance employs more than 250
professionals in major operational facilities located in business centers across the United States
and in China, including Chatsworth, California; Dallas, Texas; Chicago, Illinois; New York,
New York; Houston, Texas; and Guangdong, China.
“We are excited about Luminance’s bright future, particularly the opportunity the company has
to capitalize on the worldwide shift to LED, an area in which the company already is a proven
leader,” said Steve Rosen, co-chief executive officer of Resilience Capital Partners.
Headquartered in Commerce, California, Luminance has a 65-year history of excellence,
providing lighting solutions to a range of residential and business end markets through wellestablished
brands including Hallmark Lighting, SunSet Lighting, ADL Lamparts, ADL Lumin,
Concord Fans and Century Brass.
“Luminance already has the right people and the right products for today’s market: With the
right resources and capital behind it, there are no limits to how this company can maximize its
global infrastructure, distribution network and supply chain,” said Rosen.
According to Rosen, Eric Allen, Luminance’s chief executive officer, will continue to serve as
CEO under Resilience Capital Partners ownership. Ron Cozean, an operating executive with
Resilience, who has two decades of experience in the building products and capital equipment
manufacturing industries, will become executive chairman of the company’s Board of Directors.
“Eric Allen, who knows Luminance and the lighting industry so well, and Ron Cozean, who has
helped a number of manufacturing companies grow, are the right team to take Luminance to the
next level,” said Rosen.
Added Eric Allen, “Luminance has an experienced workforce, an asset-light model, an efficient
supply chain and cost-effective Chinese sourcing for many of our products. Especially with
incandescent bulbs rapidly being replaced by LED products, Luminance is well-positioned to
play a greater role in the lighting market, and we are pleased that Resilience Capital Partners is
partnering with us to grow our business.”
About Luminance
Luminance, headquartered in Commerce, California, is a world lighting leader providing
customized lighting solutions, fixtures, hardware/electrical, ceiling fans, plumbing, light bulbs,
fixtures and increasingly cost-effective LED bulbs. Comprising divisions including Hallmark
Lighting, ADL, Sunset Lighting, Concord Fans, IW Industries and Century Brass, Luminance is
committed to customer service excellence and dedicated to the fulfillment of customers’ needs
with in-stock product and on-demand shipping from our distribution centers in Los Angeles,
Texas, Illinois and New York.
For more information, visit us on the web at www.luminance.us.com.
About Resilience Capital Partners
Headquartered in Cleveland, Ohio, Resilience invests in niche-oriented manufacturing, value
added distribution and business service companies with sustainable market positions and a clear
path to cash flow improvement. Resilience targets platform businesses with $25 million to $250
million in revenues across a broad range of industries where it can improve a company’s
operations, competitive positioning and profitability. Resilience manages in excess of $625
million for its global investor base which includes pension funds, insurance companies,
foundations and endowments, fund of funds and family offices. For more information, please
visit www.resiliencecapital.com.
Contact:
Constance N. Hubbell
The Hubbell Group, Inc.
(781) 878-8882
hubbell@hubbellgroup.com
