Kingswood Capital Management Acquires Progress Lighting, Marking a Significant Milestone in the Brand's 117-Year History
LOS ANGELES, Feb. 12, 2024 /PRNewswire/ -- Kingswood Capital Management, LP (together with its affiliates, "Kingswood") announced today that it has acquired Progress Lighting, LLC ("Progress Lighting" or the "Company") from Hubbell Incorporated (NYSE:HUBB). Progress Lighting is a leading source for residential and light commercial decorative lighting solutions. As part of the transaction, Kingswood has partnered with the Company's existing management team.
Sean Veit, who will continue to lead the Company and has assumed the title of Chief Executive Officer, commented, "We look forward to the partnership with Kingswood and the support they will provide as we transition to a standalone busi
