Valesco Industries sells Principal Lighting Group to Wynnchurch Capital
- Valesco Industries announced the completion of the sale of its interests in Principal Lighting Group to Wynnchurch Capital.
- The investment in PLED, initiated in January 2018, enabled several key strategic transformations and add-on acquisitions.
- The collaboration between Valesco and PLED's management team resulted in significant company improvements and value creation.
Valesco Industries has finalized the sale of its interests in Principal Lighting Group, also known as PLED, to Wynnchurch Capital. This investment began in January 2018, during which Valesco supported PLED in completing three significant acquisitions. PLED generates revenue from producing and selling LED sign modules, power supplies, and sign accessories, primarily serving new and retrofit sign applications. Under Valesco's stewardship, key improvements were made, including product line rationalization and warehouse optimization, which enhanced both sales and profitability. The management team played a crucial role in fostering the strategic initiatives necessary for creating substantial value, and Valesco recognized their efforts while wishing them success in future endeavors.