Merit Capital Partners and Fulton Capital Acquire AFX, Inc.
March 7, 2024
Merit Capital Partners and Fulton Capital partnered with AFX management to acquire AFX, Inc., a Waukegan, Illinois-based designer, assembler and distributor of contemporary and decorative lighting fixtures. Merit provided subordinated debt and equity to support the transaction; the deal positions AFX to continue expanding sales and improving operations across its commercial, residential and hospitality end markets.
- Buyers
- Merit Capital Partners, Fulton Capital
- Targets
- AFX, Inc.
- Industry
- Manufacturing
- Location
- Illinois, United States
- Transaction Type
- Buyout
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