CRESCENDA ANNOUNCES THE SALE OF CARTIER LIMITED
Minneapolis, Minnesota – Crescenda Merger & Acquisition Advisors announced that its client, Cartier Limited d/b/a Cartier Lighting and Home was acquired by Robinson Lighting, Ltd., Winnipeg, Manitoba.
Founded in 1995, Cartier has grown to become one of the most respected lighting retailers in the upper Midwest. Providing ceiling lights, lamps, wall lights, outdoor lighting, fans and home accents, all on display in a beautiful, state-of-the-art showroom, Cartier offers a full range of lighting and home decorating services
"Cartier Lighting is a highly customer-focused company that fits our strategic growth initiative and continue to expand our capabilities as we look for additional ways to service our clients," commented Brett Robinson, owner and President of Robinson Lighting. "Our acquisition strategy is to develop a complementary set of stores to increase our buying power and broaden our service and product offering with additional lighting fixture lines and home furnishings. Cartier was an excellent acquisition for us.”
Ward Martin, General Manager of Robinson added, "Cartier Lighting has diversified well beyond traditional lighting to provide customers home decorating and accents including mirrors, clocks, book ends, vases and other accent furniture. We expect significant synergies and an expanded product line will be created between our two companies.” Tom Cartier, owner and President of Cartier commented, "Partnering with Robinson will bring Cartier additional capabilities and resources that will allow us to service our customers even better while remaining independent. We look forward to working with Robinson to create new opportunities for our customers and employees."
Cartier added, “We had considered selling to other companies, but I believe the partnership with Robinson is a great fit that will allow us to continue to build Cartier by providing the support and financial resources to grow much faster than we could on our own”
About Robinson
Robinson Lighting has been perfecting the art of light for over 75 years, and now in our 5th generation of the Robinson Family. Thomas Robinson, our pioneer, first generation family member started the venture into the lighting industry as a chandler (candle maker) in Montreal, Quebec around 1850. His son, William Wadby Robinson moved to Winnipeg, Manitoba and in 1919 established a successful lighting agency business which is recognized as the first dealer of pre-wired lighting fixtures in Western Canada. In 1936 B. A. Robinson Co. Ltd. was founded by Burt A. Robinson, the third generation Robinson to supply lighting and electrical products to Canadian commercial and residential customers. With B.A. at the helm for close to 40 years the business became synonymous with service, quality and value.
In 1973, the company was acquired by Burt's two sons, Ross and Bruce Robinson. Expansion brought new branches that were opened across Western Canada. Fast forward to 1998, with Bruce Robinson as President, Robinson Lighting became its own free standing entity. The torch has now passed to a fifth generation of Robinson's to follow in the footsteps of their father, Brett Robinson is now the President of Robinson Lighting and his sister Leigh Robinson is Vice President. 165 years later this heritage is what drives us to deliver the best shopping experience for our customers and our effort to be an industry leading employer to our staff and active community partner. The company has become one of Western Canada's largest showroom-based distributors of lighting products and is known as a leader in lighting education and industry advocate. Style ∙ Selection ∙ Service
Our reputation as Canada's leading lighting retailer comes from our commitment to providing our customers the most illuminating in store experience. We offer the largest selection of Home Lighting fixtures in Canada, our showrooms in Kelowna and Winnipeg offer state of the art Recessed and Under Cabinet Lighting theatres. We carry a huge selection of kitchen, bathroom and living room lighting in styles and prices for every taste and budget. Robinson Lighting employees are known for technical knowledge, listening, problem solving and customer service skills. Most of our sales staff are Certified American Lighting Association Lighting Specialists. Environmental Commitment
Our commitment to the environment is leading the way for others as we seek to offer the most advanced energy efficient solutions available. The rules for designing with light are being rewritten as new technology offers the designer new opportunities. We don't compromise on quality; ensuring the latest technology trends are stable, reliable and offer the greatest lighting efficiencies before we show you it. Because our staff our trained and knowledgeable on the opportunities and challenges that new technologies and government green energy initiatives present; we can offer you specialized advice on the most efficient, cost effective ways to light your home or business.
Crescenda Merger & Acquisition Advisors (Crescenda, LLC) represented Cartier Limited as sell-side advisor. Jim Odney handled the sale for Crescenda.
About Crescenda, LLC
Crescenda is a mergers and acquisitions intermediary and investment banking advisory firm specializing in representing privately held businesses in the sale of their companies.
For more information, please contact:
Jim Odney, Managing Director Crescenda, LLC 515 Evergreen Ln N Plymouth, MN 55441 Ph: (763) 545-1886 Fx: (763) 545-1898
jim@crescenda.com www.crescenda.com