February 4th, 2021
Bellevue, WA: Berntson Porter Corporate Advisory Advises the Owner of Crescent Lighting Supply, Inc. on a Sale to a Private Buyer.
Berntson Porter Corporate Advisory, LLC (“BPCA”), an M&A advisor serving middle market clients in the Pacific Northwest, today announced it acted as the exclusive financial advisor to Mr. Ray Gooch, the owner of Crescent Lighting Supply, Inc. (“Crescent Lighting” or the “Company”), based in Kirkland, WA, in a sale to a Private Individual.
Established in 1991, Crescent Lighting is a specialty distributor of lighting, fans, and door hardware, targeting the single-family and multi-family residential construction markets.
The Company’s primary customers include homebuilders and residential electrical contractors serving the greater Seattle / Tacoma market. Crescent Lighting works with some of the nation’s largest homebuilders, including Toll Brothers and Lennar Homes, who often undertake multi-year development projects for the construction of residential communities.
Gregory Noone, Managing Director at BPCA, commented, “we think that the individual that has acquired the Company will be a great fit; he previously ran a family-owned, Northwest-based building products distributor, so he brings key relationships and experience that should help Crescent Lighting continue to grow.” Mr. Noone added “we are very excited for Ray and the team at Crescent Lighting. We believe that the new owner shares their values for customer care and service excellence, and we look forward to seeing Company continue to grow and prosper.”
This is the eleventh completed transaction that BPCA has advised on since the firm’s formation in 2017, and our first of 2021. Other completed M&A transactions included companies in the manufacturing, industrial services, consumer products, professional services, construction, wood products, and logistics industries.
For more information about this transaction, please contact the BPCA deal team:
About Berntson Porter Corporate Advisory
Berntson Porter Corporate Advisory is an M&A advisor serving private companies in the Pacific Northwest. The firm offers strategic consulting and transaction execution related to business sales, acquisitions, and recapitalizations. Past transaction experience includes companies in manufacturing & distribution, building products, aerospace, food processing, technology, professional and business services, and construction.
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