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The Configure team was a vital partner in securing quick and attractive financing and allowed us to focus our time on matters related to the carveout and value creation.

- Michael Niegsch
Partner at Kingswood Capital Management

Configure Partners Advises Kingswood on its Acquisition Financing for Progress Lighting


Atlanta, GA — Configure Partners, an investment banking platform specializing in debt placement and credit resolution services, announced today its role as the sole lead arranger for credit facilities related to Kingswood Capital Management’s acquisition of Progress Lighting from its corporate parent, Hubbell Incorporated.

Progress Lighting is a leading provider of decorative lighting fixtures and ceiling fans for residential and commercial lighting markets in North America.

“The Configure team was a vital partner in securing quick and attractive financing and allowed us to focus our time on matters related to the carveout and value creation,” said Kingswood Partner Michael Niegsch. “We are happy to have partnered with Configure on another successful transaction.”

Configure supported all aspects of the financing process, including lender screening, approach to market, transaction structuring, and negotiation of the definitive agreements. Configure is proud to support Kingswood through multiple platform endeavors over the past four years.

“We are grateful to have had the opportunity to work with Kingswood and play a role in their successful acquisition of Progress Lighting, shared Configure Managing Director Mike Garvin. “With Kingswood’s leadership and expertise, Progress has a bright future, and we are excited to watch the business grow under Kingswood’s ownership.”

About Progress Lighting (www.progresslightingexperts.com)
Progress Lighting is a leading provider of residential and light commercial decorative lighting solutions with thousands of fixture designs. With over a century of lighting technology, leadership, and engineering, Progress Lighting offers high-quality lighting products and solutions that deliver aesthetic appeal, stellar performance, easy installation, and value to the residential new construction and renovation and remodel end markets.

About Kingswood Capital Management (www.kingswood-capital.com)
Kingswood Capital Management, LP is a private investment firm primarily focused on investing in businesses in transition. In addition to access to capital, Kingswood brings relevant industry relationships and a broad network of internal and external operating resources that can strengthen the businesses it partners with and enhance value. Kingswood has extensive experience with complex transactions where it provides tailored solutions that balance the objectives of all constituents.

About Configure Partners (www.configurepartners.com)
Configure Partners is a preeminent credit-oriented boutique investment bank headquartered in Atlanta. The firm specializes in debt placement, credit resolution, special situations, and M&A advisory, providing superior client service and execution to middle-market private equity sponsors in acquisition finance, refinancing, and dividend recapitalization transactions. The firm’s credit resolution and special situations practice has become the trusted advisor for stakeholders confronting capital structure challenges. Our people-driven team of bankers differentiates through real-time knowledge of the debt capital markets and becomes a true extension of our client’s teams, delivering unmatched results and an exceptional client experience.