April 28, 2016
Meletio Lighting sold to Seattle Lighting
Bulkley Capital served as exclusive financial advisor to Meletio Lighting & Electrical Supply (Dallas, Texas), a leading wholesale and retail lighting supplier, in the company’s sale to Dolan Northwest LLC (Portland, Oregon).
Founded in 1920, Meletio is a uniquely diversified provider of lighting and electrical products to custom homebuilders, designers, architects and homeowners, as well as restaurant and hospitality accounts nationwide. In addition to a desire to maximize value, the owner had a number of other objectives that drove his decision to engage Bulkley Capital. He wanted the process to be highly confidential and minimally disruptive to the business. He was also seeking a buyer that would maintain the family culture he had built and provide attractive opportunities for the employees he valued so highly.
The company was successfully sold to Dolan Northwest, a family-owned business that operates 19 lighting showrooms in Oregon, Washington and Idaho under the Seattle Lighting and Globe Lighting brands. News of the transaction did not leak before the deal was announced and the buyer kept the company and its employees intact.