Kingswood Capital Management to Acquire Progress Lighting
Los Angeles-based private equity firm Kingswood Capital Management, LP has entered into a definitive agreement to acquire Progress Lighting from Hubbell® Inc. for a cash purchase of $131 million, subject to customary adjustments, according to a press release issued by Hubbell. Last year, Hubbell made news when its Commercial and Industrial lighting business was acquired by GE Current, a Daintree…