Executives at Castleton, Vermont-based lighting manufacturer Hubbardton Forge and its private equity owner Lineage Capital, LLC, have successfully negotiated with Boston-based private equity investor Bunker Hill Capital to take ownership of the domestic lighting company effective immediately.
“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, a Managing Partner of Bunker Hill Capital.
“We believe that our investment represents a great opportunity to partner with a well-branded U.S.-based manufacturer that has a unique product offering with strong growth potential both domestically and internationally.”
Founded 40 years ago, Hubbardton Forge offers 900+ base products across multiple design families, with the ability to customize through various finishes, glass, and shading options, and other accessories. Its products are sold in the U.S. and internationally through a network of more than 1,300 accounts serving the residential and commercial markets.
“The management team is eager to partner with Bunker Hill Capital and continue growing the Hubbardton Forge brand,” notes CEO of Hubbardton Forge Bob Dillon. “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.”
All of the Company’s lighting products are made in Vermont using hand-forging techniques. Hubbardton Forge has won numerous design awards as well as several national and state environmental awards as a manufacturer. Hubbardton Forge’s distribution channel and end-consumers will not be affected by the change in ownership.
“Bunker Hill Capital is looking forward to partnering with management and building upon the strong foundation for growth that currently exists at Hubbardton Forge,” remarks Mark DeBlois, a managing partner at Bunker Hill Capital. “The Company has a proven track record with over 20 years of consistent growth and is in a great position to take advantage of the opportunities within its residential, commercial, and international channels. We are very excited in working with this management team in scaling the business to its next level of growth.”
