Uniprop and Seneca Partners Acquire Michigan Chandelier, Inc.
December 16, 2020
Uniprop Corporation (a family office) and Seneca Partners (an independent sponsor) acquired Michigan Chandelier, Inc., a 100+-year-old lighting fixtures and electrical supplies retailer and distributor headquartered in Southfield, Michigan. The sellers, majority owners Ed and Judy Berne, are exiting to retire; Ken Sanders (President and minority owner) will remain to assist the ownership transition. Calder Capital served as lead advisor on the transaction.
- Buyers
- Uniprop Corporation, Seneca Partners
- Targets
- Michigan Chandelier, Inc.
- Sellers
- Ed Berne, Judy Berne
- Industry
- Building Products
- Location
- Michigan, United States
- Transaction Type
- Buyout
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