Founded in 2014, Skyco Skylights, Inc. is a leader in the design, engineering and manufacturing of high quality daylighting products for the industrial, commercial & residential markets. The Company’s forward-thinking innovation is revolutionizing the daylighting industry by re-thinking the antiquated design and materials that have been used to manufacture skylights for decades. Skyco’s use of advanced materials and proprietary design & engineering techniques have resulted in stronger, longer-lasting products that have been very well-received by a rapidly growing international base of general contractors, roofing contractors, and building suppliers. Products include standard & custom skylights, heat & smoke vent systems, security bars and related daylighting accessories. Products are sold direct to the Southern CA market and via 3rd party independent reps to the rest of the U.S.
Client Goals
Having experienced explosive growth (200%+ CAGR) since the Company’s inception in 2014, the shareholders were seeking a strategic buyer that could facilitate and manage the Company’s strong growth trajectory, while at the same time assist in increasing Skyco’s market exposure.
555 Capital’s Solution
100% Sale of the Company
Because the daylighting industry is particularly closely-knit, 555 carefully selected and approached a very targeted group of strategic and financial buyers, that included domestic and international, private and public companies. The transaction was ultimately structured and negotiated with Kingspan Light & Air, one of five operating divisions of Dublin-based Kingspan Group. Kingspan Group is a publicly traded building materials company with over 100 manufacturing facilities located in over 70 countries.
Like Skyco, Kingspan is driven by innovation and is dedicated to utilizing advanced, state-of-the-art design and production capabilities to manufacture the strongest, smartest, most durable building envelope solutions possible.
“In the selling process, 555 Capital provided an optimal amount of support to our Company - minimizing the amount of internal work needed to complete the process. They were always on top of the myriad of needs demanded by our Buyer due to his team's tenacity, knowledge, and perseverance. I am personally convinced we achieved a higher valuation as a result of Andre’s knowledge of the intricacies of the deal.”
–Gary Ritchie, Majority Owner, Skyco Skylights, Inc.
