Mesirow Advises LumiSource on its Partnership with CID Capital
LumiSource is a leading provider of home décor and furnishings sold predominantly through online retailers
The partnership will accelerate LumiSource’s growth and expand its portfolio of products
Highlights the firm’s expertise and relationships within the consumer, e-commerce, supply chain and technology services sectors
CHICAGO, January 27, 2022 – Mesirow, an independent, employee-owned financial services firm, today announced it acted as the exclusive financial advisor to LumiSource, LLC (“LumiSource” or the “Company”) on its partnership with CID Capital, an Indianapolis-based private equity firm focused on control investments in high-quality, lower-middle market companies.
LumiSource is a leading provider of home décor and furnishings sold predominantly through online retailers. Based in Elk Grove, IL with additional warehouses throughout the US, Canada and the UK, the Company has leveraged its extensive design, sourcing and warehousing capabilities, sophisticated IT-driven operations and diverse portfolio of products to a diverse set of customers across both e-commerce and traditional retail. The partnership between LumiSource and CID Capital will accelerate the Company’s growth as a platform for more home décor products and categories to expand its existing offerings available to its retail and commercial partners.
“Mesirow’s deep expertise within the consumer products and services, supply chain and technology sectors and deep relationships in the private equity community were crucial to finding the ideal partner to carry on and invest in the Company’s 25-year legacy,” said Steve Lee, Co-Owner of LumiSource.
Irene Lee, Co-Owner of LumiSource, added, “The Mesirow team provided exceptional guidance throughout this process and solidified a partnership that will benefit the Company’s employees, shareholders and customers. We look forward to LumiSource’s continued growth as part of the CID Capital portfolio of companies.”
Rocky Pontikes, Managing Director of Mesirow Investment Banking, said, “We valued the opportunity to advise LumiSource during this transaction. The Company has built an industry leading platform and an excellent reputation as a critical supply chain partner to its customer base, generating a lot of interest during this process.”
“We believe CID Capital is a strong strategic partner to support LumiSource’s substantial position within the supply chain, e-commerce and technology services sectors while furthering the Company’s long-term growth objectives,” commented Shane McDaniel, Managing Director of Mesirow Investment Banking.
The partnership between LumiSource and CID Capital represents another successful assignment completed by Mesirow Investment Banking and highlights the firm’s expertise within the consumer, e-commerce, supply chain and technology service sectors. Committed to leveraging extensive sector-specific expertise across industry groups and nurturing deep long-standing relationships, Mesirow has a proven track record of completing highly tailored and successful transactions on behalf of clients.
Kona Advisors, LLC provided consulting advisory to LumiSource.
Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with offices around the world, we serve clients through a personal, custom approach to reaching financial goals and acting as a force for social good. With capabilities spanning Global Investment Management, Capital Markets & Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities and our culture. To learn more, visit mesirow.com and follow us on LinkedIn.
Mesirow was recently named one of the Best Places to Work in Chicago by Crain’s Chicago Business and one of the Top 100 RIA firms by Barron’s.
LumiSource, LLC is a leading full-service supplier in the home furnishings industry since 1997. The Company is a nationally recognized designer, supplying to some of the nation’s top chains, as well as independent and online retailers. The Company provides stylish and affordable furnishings for every budget, never wavering on quality. Specializing in Mid-Century, Industrial, and Modern designs, LumiSource provide stylish and affordable products across living, dining, office, and lighting categories. With its wide range of options, it is easy to add functionality, versatility, and style to any room. Learn more at lumisource.com.
Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow investment vehicle(s). Mesirow Financial, Inc. is not affiliated with LumiSource, LLC, CID Capital, or their affiliates. Past performance is not indicative of future results. Mesirow refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. Securities offered through Mesirow Financial, Inc. member FINRA, SIPC.