Kingswood Capital acquires Progress Lighting from Hubbell, no terms

Kingswood Capital Management announced that it has acquired Progress Lighting from Hubbell. Progress Lighting is a source for residential and light commercial decorative lighting solutions. As part of the transaction, Kingswood has partnered with the company’s existing management team. Headquartered in Greenville, SC, Progress Lighting has distribution centers located throughout the country that support one of the largest networks of homebuilders, lighting showrooms, electrical contractors, home centers, and ecommerce retailers in the United States and Canada.