Progress Lighting Sale Is Complete

Last year, EdisonReport reported that Hubbell had announced the sale of Progress Lighting. Today, the deal closed, and Progress is officially owned by Kingswood Capital Management.

Below is a message we received from Sarah Miller, Director of Channel Marketing at Progress Lighting:

Exciting News at Progress Lighting!

We are thrilled to announce the successful completion of the sale of Progress Lighting, LLC to Kingswood Capital Management, LP., marking a significant milestone in our 117-year history of delivering exceptional decorative lighting solutions. This strategic move is a testament to our commitment to innovation, customer satisfaction and our pursuit of excellence. The combination of Progress Lighting’s legacy and Kingswood’s support will further enhance our ability to deliver on-trend, high-quality products while providing extraordinary service that exceeds expectations.

“Thank you to our amazing employees, who have worked hard to make the next chapter in our journey a reality. And to our customers, thank you for their continued support of our brand. Kingswood’s sponsorship will help to unlock Progress’s potential, allowing us to bring you better products, solutions, and service,” said Sean Veit, CEO of Progress Lighting.