(Chatsworth, CA) – Keystone Business Advisors announced LF Illumination (LFI) retained Dave Richards, President of Keystone Business Advisors, as its M&A advisor to target and negotiate a transaction with targeted strategic buyers which would benefits from the company’s core competitive advantages. The founder, Jack Zukerman, was looking to retire, but LFI’s existing management team including President Loren Kessel, CCO Scott Hershman and CFO Eileen Cheng would remain on to continue to grow and expand LFI’s product offering. LF Illumination ultimately selected Lambent Lighting Group, a portfolio company of Stone Arch Capital. “The LFI acquisition complemented Lambent Holdings founding lighting member Delray Lighting of Burbank, CA by adding new product lines and engineering capabilities not currently offered by Delray Lighting. In addition to core technology capabilities, the addition of LFI also expanded its distribution network offering cross selling opportunities for both brands”, stated Dave Richards of Keystone.
About LF Illumination:
LF Illumination is a technologically advanced architectural lighting manufacturer. The company has created some of the most innovative lighting in the industry, including high efficiency, performance and the latest in LED used in retail, commercial, stadiums, hospitality, restaurant and high-end residential. LFI provides full lighting services from concept development, design, new product development and manufacturing.
About Keystone Business Advisors:
Keystone Business Advisors is a full-service mergers and acquisitions advisory firm. We specialize in managing the sale of privately-owned California-based businesses with annual revenues up to $100 million. We have completed over 200 transactions and have considerable experience in most industries, including manufacturing, wholesale, distribution, service, ecommerce, technology, logistics, healthcare, professional services, construction, and landscape services. All our advisors are experts in the selling process and excel in keeping things moving forward in an orderly manner to ensure that sensitive information is protected, uncertainty is avoided, and the best price is achieved for our clients.