US Lighting Trends

 

LampsPlus 400x275Los Angeles-based private equity firm Nexus Capital Management LP has led a strategic investment in Lamps Plus, Inc., an omnichannel retailer of lighting, ceiling fans, and home décor that sells online through LampsPlus.com and third-party marketplaces as well as its own 35+ bricks-and-mortar stores in California, Colorado, Arizona, Nevada, Oregon, Texas, and Washington.

“We are extremely excited to be the first institutional capital partnering with Dennis and Manja Swanson, the founders of Lamps Plus,” said Damian Giangiacomo, Partner at Nexus. “Lamps Plus is an iconic brand with a national presence and we look forward to supporting [their] next phase of growth.”

Dennis Swanson added, “Lamps Plus has built a leading position in the lighting category over the past several decades. I want to thank our employees, customers, and vendor partners for helping us reach this milestone in the company’s history. I look forward to working closely with the Nexus team to facilitate the continued success and expansion of the company’s leading market position.”

Clark Linstone, President & CEO of Lamps Plus, stated, “I am extremely proud of the dynamic team members that drive Lamps Plus every day, and I am thankful for their contributions that have delivered the Company to this point and will propel us to a strong future.”

Lamps Plus began as a brick-and-mortar retailer in Southern California and over time has successfully transitioned its business towards the ecommerce channel. It is now the nation’s largest specialty lighting retailer and sells a combination of in-house and third-party brands. Lamps Plus is known for its large product assortment and strong design capabilities.          

“Lamps Plus competes at an attractive intersection of building products, consumer, and ecommerce, and aligns with our extensive experience investing across that spectrum to support management’s focus on execution and innovation,” Giangiacomo remarked. “On behalf of Nexus, I would like to express my gratitude to the Lamps Plus team for working with us on this transaction. We look forward to working closely with them and the company’s employees on this next chapter for the business.”

Deutsche Bank Securities, Inc. acted as financial advisor and Munger Tolles & Olsen LLP served as legal advisor to Nexus. J.P. Morgan Securities LLC served as financial advisor and Buchalter served as legal advisor to Lamps Plus on the transaction.

SmartDevices 400x275

 

 Electrical distributors and lighting showrooms that offer smart home devices need to emphasize their expertise not only as a revenue stream, but also to create the type of customer service that engenders loyalty.

 

 Learn More HERE

  

 

Market Research

  • Prev
After years in California, Optec LED moves its headquarters to Wisconsin and establishes a domestic ...
The nonprofit organization DesignLights Consortium® (DLC) is encouraging the spec community to get ...
Founded in 1969 in Benton Harbor, Mich., IBID County Electric has just been sold to individual ...
The National Electrical Manufacturers Association (NEMA) recently welcomed seven companies as new ...
The Lighting Controls Association (LCA) is now offering EE203: Lighting Controls and Energy Codes: ...
Casambi is the leading lighting controls company in Europe, but is not as well-known here. The new ...
The state-of-the-art robotics utilized in Ferguson's new Market Distribution Centers do not replace ...
Dallas Market Center has opened exhibitor registration for the third rendition of this annual ...
American Lighting Association's President & CEO Eric Jacobson announced plans to retire in ...
Sonepar Canada acquires Aztec Electrical Supply, allowing the former to expand its industrial ...

Sponsored Content


School’s Out, Savings Are In!

USLT_SC.png

 

One of the most important school enhancement priorities is lighting. Based on the lighting in the space, using LED T8s can reduce energy consumption by up to 35%. Checkout Halco’s LED T8s to enhance your school’s lighting this year and positively impact your students and staff.

Learn More

 

 


 

New Products

  • Prev
The Lighting Controls Association is proud to announce the latest offerings in lighting controls ...
Automaker Hyundai reveals plans to introduce Hyundai Home energy ecosystem in early 2022.
At its virtual ESG (Environment, Social & Governance) event last month, Legrand unveiled its ...
Part 1 of our Bluetooth Mesh knowledge series – written for USLT exclusively by Alex Heiphetz, ...
Through a first-of-its-kind collaboration, Ferguson, Holman, and Electrada have announced a fleet ...
The Sensor Switch WPD Forward-Phase Dimmer Switch is an economical, energy saving option for ...
Traditional in appearance, not in innovation. From below the ceiling, the Juno Podz take ...
Flauta's cylindrical body comes in three different heights, two surface textures with the nine ...
UVLightFight UV-C lamps produce high UV-C radiance at 254nm for effective surface disinfection or ...
The Wave Switch features hands-free technology that allows you to control lights with a wave of ...

CMG-Kerrwil | 919.488.8635 | Raleigh , NC

©2022 All rights reserved

Use of this Site constitutes acceptance of our Privacy Policy (effective 1.1.2016)
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Kerrwil