Private equity investor Bunker Hill Capital has acquired Hubbardton Forge, a Vermont-based designer and manufacturer of branded hand-forged premium lighting fixtures.
Hubbardton Forge focuses on the premium segment of the lighting fixture industry with products sold in the US and internationally through a network of over 1,300 accounts serving the residential and commercial markets.
“The management team and work force at Hubbardton Forge are second to none. We were impressed with the quality and pride that is forged into each fixture,” says Rufus Clark, managing partner of Bunker Hill Capital. “We believe that our investment represents a great opportunity to partner with a well branded US based manufacturer that has a unique product offering with strong growth potential both domestically and internationally.”
The company offers its customers over 900 base products across multiple design families, with the ability to customise through various finishes, glass, and shading options, and other accessories.
Bob Dillon, CEO of Hubbardton Forge, says: “The management team is eager to partner with Bunker Hill Capital and continue growing the Hubbardton Forge brand. We believe that together with Bunker Hill Capital’s strategic insight and proven ability as an operating partner along with our dedication and brand positioning, we can maintain our leadership position within the premium lighting fixture industry.”
Bunker Hill Capital’s investment is the second investment from its second fund, and it owns a majority and controlling interest in Hubbardton Forge. Bunker Hill Capital was joined in the transaction with equity and subordinated debt investments from management, Hartford Investment Management Company and Brookside Mezzanine Partners, and senior debt was provided by Abacus Finance Group and Crescent Capital Group.