Livonia’s Masco Corp. Sells Kichler Lighting for $125 Million
Livonia-based Masco Corp., a renowned manufacturer of branded home improvement and building products, has agreed to sell its Kichler Lighting business to Kingswood Capital Management for a whopping sum of $125 million.
Kichler Lighting, with its headquarters in Ohio, offers a broad range of products such as residential and light commercial lighting products, ceiling fans, and landscape lighting, along with sophisticated LED lighting systems. The company, established in 1938, boasts an extensive catalogue of over 3,000 products that are sold through retail locations and commercial distributors.
The buyer, Kingswood Capital Management, is a private investment company based in California. Already owning Progress Lightning, another producer and distributor of similar lighting products as Kichler, Kingswood stands to gain significantly from this deal.
Commenting on the transaction, the CEO of Masco Corp., Keith Allman, mentioned, “Under Masco’s ownership, Kichler has undergone a series of transformations, which have generated efficiencies within its business, improved customer service, and enabled greater product innovation.” Furthermore, he stated that this business holds immense potential for future growth as part of an organization with a more concerted focus on lighting.
Allman expressed confidence that this transaction will be mutually advantageous for Kichler Lighting and Kingswood Capital Management. At the same time, he emphasized that the deal is also expected to drive greater value for Masco Corp. shareholders.
Masco Corp. possesses a wide portfolio of famous brands, including Delta, Behr, and HotSpring spas, which hold significant value in the home improvement and building products industry. This recent transaction is viewed as a strategic move for both Masco Corp. and Kingswood Capital Management as they continue to build upon their respective businesses.
The deal not only allows Kingswood Capital Management to strengthen its position in the lighting market but also enables Masco Corp. to hone its focus on the core businesses, potentially steering all parties involved towards a brighter future.
Author: STAFF HERE NOVI WRITER
NOVI STAFF WRITER The NOVI STAFF WRITER represents the experienced team at HERENovi.com, your go-to source for actionable local news and information in Novi, Oakland County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Motor City Comic Con, Michigan State Fair, and Novi Home and Garden Show. Our coverage extends to key organizations like the Novi Chamber of Commerce and Novi Community Foundation, plus leading businesses in automotive, technology, and manufacturing that power the local economy such as Gentherm, Stoneridge, and Daifuku North America. As part of the broader HERE network, including HEREDetroitMI.com, HEREGrandRapids.com, HERENorthville.com, and HEREPlymouth.com, we provide comprehensive, credible insights into Michigan's dynamic landscape.
