Los Angeles, CA, ( January 11, 2016 ) – Transom Capital Group announced today that it has acquired HeathCo LLC (“HeathCo”), a leading manufacturer and marketer of door chimes, motion activated lighting, and lighting controls, from The Chamberlain Group. Maintaining strong relationships with top retailers, both in-store and online, HeathCo has been able to deliver high quality and innovative products since 1987. The transaction will enable HeathCo to operate as a standalone entity and focus on existing and planned corporate initiatives to expand on its position as the market leader in the space.
“HeathCo offers us an exciting opportunity to acquire an outstanding company that benefits from the operational support of Transom Capital while continuing to provide high quality and innovative products,” said James Oh, Principal at Transom Capital. “We are pleased to have worked with The Chamberlain Group to successfully carve-out HeathCo.”
“We are excited by the opportunities this transaction presents,” said Kenny Ramsey, CEO of HeathCo. “With Transom Capital’s involvement coupled with the dramatic growth opportunities in the industry, we are excited to usher in the next generation of growth at HeathCo.”
Russ Roenick, Managing Director at Transom Capital, added “The HeathCo transaction is a perfect fit for the investment strategy of Transom Capital and will allow us to execute our ARMOR℠ value creation process. We are excited to get to work with the management team to continue building upon HeathCo’s
strong track record of innovation and customer service.”
Terms of the transaction were not disclosed. Lincoln International acted as the exclusive advisor and Mayer Brown acted as legal counsel for The Chamberlain Group in the transaction. Russ August & Kabat and Greenberg Traurig LLP acted as legal counsel for Transom Capital Group. Wells Fargo Capital Finance and LBC Credit Partners provided the financing for the transaction.
Transom Capital Group is a Los Angeles-based private equity firm with an operational focus to private equity investing in the middle-market. The Transom Capital team has a proven track record of investing in, restructuring, monitoring and growing businesses for the long-term. Key to its success is its approach of heavy operational involvement via its proprietary ARMOR℠ value creation process (Acquisition, Restructuring, Monitoring & Operations, and Return) that helps unlock intrinsic value at its companies. Transom Capital’s unique team of professionals brings the experience, energy, and expertise to maximize the value-added to each company. Visit the company at www.transomcapital.com.
HeathCo LLC manufactures and markets electrical products, door chimes, motion activated lighting, and lighting controls. It offers motion activated security lighting, utility lighting, motion activated decorative lighting, down-light lantern, wireless command lighting controls, and motion activated wall switches. The company also provides wired and wireless door chimes and push buttons. It sells its products through retail outlets, including home improvement centers, hardware stores, lighting showrooms, wholesale clubs, and mass merchants in the United States and Canada, as well as dealers and online outlets. HeathCo LLC was founded in 1987 and is based in Bowling Green, Kentucky.