D.A. Davidson Serves as Exclusive Financial Advisor to Birchwood Lighting on its Sale to Leviton Manufacturing Company, Inc.

COSTA MESA, Calif.--()--D.A. Davidson & Co. served as exclusive financial advisor to Birchwood Lighting, a Tustin, Calif.-based manufacturer of high-end linear architectural LED luminaries, in its sale to Leviton Manufacturing Company, Inc., a leading provider of a number of sustainable, intelligent environments through its electrical wiring devices, network and data center connectivity solutions, LED lighting and lighting energy management systems, and security and automation applications.

“There is a well-known scarcity of high-quality, well-run independent LED lighting manufacturing businesses in the North American marketplace. After today’s announcement, that list just became even shorter," said Paul Weisbrich, managing director in D.A. Davidson's diversified industrials group.

Darrin Weedon, President of Birchwood Lighting said, “Birchwood was professionally advised through the entire M&A process by the experienced team at D.A. Davidson.”

"We are extremely pleased to be joining the Leviton organization,” Weedon added. “Leviton is an excellent home for Birchwood, and will enhance our ongoing growth plans, supported by their forward-looking culture, scale, and strong credibility. We envision significant strategic benefits from this combination which will allow us to even better serve our customers' needs. Our employees and experienced management team are looking forward to joining the Leviton organization and working together to capitalize on future opportunities.”

Birchwood Lighting is a domestic designer and manufacturer of high-quality specification grade LED light fixtures tailored to meet the demands of the architectural, commercial and retail design communities. The company’s all-inclusive capabilities allow it to conceive, design, engineer and manufacture almost any type of light fixture in-house. Birchwood regularly introduces stylish, innovative and functional standard products to the design marketplace as well as develop and deliver custom LED lighting fixtures to order. The company also alters or modifies any of its standard fixtures to meet specific, custom customer needs.

Leviton Manufacturing Co., Inc. manufactures and distributes electrical wiring devices, network and data center connectivity solutions, and lighting energy management systems for business, home, energy management, industrial, government, and security and automation applications. The company’s products are used for applications in data centers, education, emergency preparedness, entertainment, facility management, facility safety, food and beverage industries, health care, hospitality, house of worship, manufacturing, networking, office, oil and gas drilling, petrochemical plants, refineries, restaurant, retail, retrofits, shipyard power, temporary power, theatrical, and wine-making industry. The company was founded in 1906 and is based in Melville, New York.

D.A. Davidson assisted in initiating the transaction, structured the deal and advised Birchwood through negotiations, documentation and final closing.

D.A. Davidson’s investment banking division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise and has extensive transaction experience serving middle market clients worldwide.

About D.A. Davidson Companies

D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide. Founded in 1935 and headquartered in Montana, with corporate offices in Denver, Los Angeles, Portland and Seattle, the company has more than 1,300 employees and offices in 23 states.

Subsidiaries include: D.A. Davidson & Co., the largest full-service investment firm headquartered in the Northwest, providing wealth management, investment banking, equity and fixed income capital markets services and advice; Davidson Investment Advisors, a professional asset management firm; D.A. Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser providing fixed income portfolio and advisory services.

For more information, visit www.dadavidson.com or Twitter: @DADavidsonCo.

Contacts

Prosek for D.A. Davidson
Emily Roy, 212-279-3115 x232
eroy@prosek.com
or
D.A. Davidson
Jacquie Burchard
Office: 406-791-7465
Cell: 406-868-1392
jburchard@dadco.com

Release Summary

D.A. Davidson & Co. served as financial advisor to Birchwood Lighting, a manufacturer of architectural LED luminaries, in its sale to Leviton Manufacturing Co., a provider of lighting environments.

Contacts

Prosek for D.A. Davidson
Emily Roy, 212-279-3115 x232
eroy@prosek.com
or
D.A. Davidson
Jacquie Burchard
Office: 406-791-7465
Cell: 406-868-1392
jburchard@dadco.com