TKO Miller, LLC advises the acquisition of Phoenix Products Company, Inc. to JMC Capital Partners

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Sep 10, 2018, 08:43 ET

MILWAUKEE, Sept. 10, 2018 /PRNewswire/ -- TKO Miller, LLC, a leading middle-market investment bank, today announced the acquisition of Phoenix Products Company, Inc., by JMC Capital Partners of Boston, Massachusetts and Company management.

Based in Milwaukee, WI, Phoenix is a 126-year-old company and is a leading manufacturer of rugged industrial lighting products for the world's harshest environments. For over seven decades, Phoenix has been the most trusted lighting manufacturer for heavy equipment, corrosive conditions, hazardous locations, and other demanding applications and is a global market leader in the lighting of ports, mines, marine, and other commercial and industrial markets.

The transaction allowed George Wordingham, President and fourth generation owner of Phoenix, to retire and transition the ownership of the business to its management team and JMC. "I'm happy to be putting Phoenix in a position for long-term growth while also preserving the importance of its history. The trust our customers have in us is something money can't buy, so it's important for everyone to keep this story going."

JMC intends to grow the Company's presence in the lighting industry. "We are pleased and excited to add Phoenix to the JMC portfolio as a new platform for rugged LED Lighting," said David Logan, Operating Partner at JMC. "Phoenix's management team has done an excellent job at growing their business, and we look forward to continued success."

Scott Fredrick, CEO of Phoenix, shares this enthusiasm for the Company's next step. "JMC's partnership presents great opportunities for our future in this industry," states Fredrick. "As a 126-year-old manufacturer, we know the value of adaptability and perseverance. JMC's strategy is a perfect fit for Phoenix and its plan for long-term growth."

"We believe that this is truly a transaction that benefits all parties," said Joe Froehlich, Managing Director at TKO Miller. "In addition to providing the Wordingham family with an attractive sale transaction, the Phoenix management team will now have an important ownership role in the company. Phoenix will have access to greater capital that will allow the Company to expand more rapidly and reach greater scale, which should be good for JMC and the Phoenix employees."

About TKO Miller

TKO Miller, LLC is an independent, advisory focused, middle-market investment bank. With over 100 years of collective transaction experience. TKO Miller provides merger & acquisition and financial advisory services for privately-held and private-equity owned businesses, with a special focus on family-and founder-held businesses. Our services include company sales, recapitalizations, asset divestitures, and management buyouts. TKO Miller has a generalist focus but has served clients in a wide range of industries, including manufacturing, business services, consumer products, and industrial products and services. For more information, please visit www.tkomiller.com.

TKO Miller Contacts:
Joe Froehlich
[email protected]

Erik Eidem
[email protected]
www.tkomiller.com

SOURCE TKO Miller, LLC