Evolution Lighting Purchases Catalina Lighting

[caption id="attachment_1443" align="alignleft" width="225"]        [/caption]

MIAMI-Evolution Lighting, an affiliate of Boyne Capital Partners, has acquired the assets of Catalina Lighting through a section 363 asset sale under Chapter 11. The company is now Evolution Lighting, doing business as Catalina.

Boyne is a private equity firm that acquires companies generating between $2 million and $10 million of cash flow, and focuses on the consumer product, healthcare, niche manufacturing and financial services industries, according to a statement from the company.

"As we look to grow the business, Boyne's considerable experience in the consumer products arena will accelerate our growth and the realization of our business plan," said Cory Meyer, president and chief executive officer, Evolution Lighting. "Aligning ourselves with a proven financial partner such as Boyne provides a solid foundation to promote our growth well into the future."

Meyer added that there were no changes in management or company associates, and the Catalina brand "will continue into the future with no change. This is a very important brand."

Derek McDowell, managing partner, Boyne, added, "We are excited about the acquisition of Catalina. We were impressed with the strength of the management team as well as its market position. We viewed Catalina as the classic 'good company with a bad balance sheet'."

Catalina Lighting filed for bankruptcy protection in February.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


  • Von Tobel Cites Brass Textures Among Top Trends

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN cover for September 2017


    September 2017


    2017 State of the Industry Report
    Cautious Optimism, Mixed Results

    Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.


    •  TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
    •   Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
    •  N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.