Eurofase, a Toronto, Canada-based manufacturer of lighting and heating products in North America, received an investment from Beach Point Capital Management.
The amount of the deal was not disclosed.
The investment was made by Beach Point’s private equity team on behalf of BPC Tactical Fund LP. The Bitton family, which founded the business in 1989, retained a stake in the business along with Eurofase’s CEO, Tony Davidson, who will continue to lead the company’s growth strategy going forward.
Founded in 1989, Eurofase is a designer and manufacturer of lighting fixtures and heating products. Over the last 30+ years under the Bitton family, the company has emerged as a design provider and key supplier to some of retailers and distributors across North America. It boasts a wide array of products catering to a range of commercial and residential applications.
FinSMEs
07/12/2023