11/22/2024
Citizens JMP Advises Principal Industries on its Sale to Wynnchurch Capital
PROVIDENCE, RI – Citizens JMP announced that it served as the exclusive financial advisor to Principal Industries, a portfolio company of Valesco Industries, on its acquisition by Wynnchurch Capital.
Headquartered in San Angelo, Texas, Principal is a leading provider of LED components and engineered assemblies used in signage and brand imaging applications. Principal offers a broad and diverse range of signage and architectural branding illumination products, including LED modules, Stiks, linear and edge lighting, drivers and controls, power modules and specialty assemblies.
“We appreciate the invaluable support, expertise and partnership from the Citizens team to deliver this exceptional outcome for our families, shareholders and employees,” said Bryan Vincent, co-founder of Principal.
“The Citizens team assisted our company in navigating multiple add-on acquisitions, ultimately providing a tailored solution and strategic advice that was instrumental in achieving a successful outcome. We look forward to the partnership with Wynnchurch, marking the beginning of an exciting new chapter and promising future for our company,” added Blake Vincent, co-founder of Principal.
“The Vincent brothers and broader management team have built an exceptional business based on high-quality products, superior service and overall dedication to their customers. We are excited to see Principal continue to lead the LED imaging industry as part of the Wynnchurch family,” said Alex Teeter, managing director at Citizens. Ryan Sugrue, managing director at Citizens, added, “We are extremely honored and appreciative of Valesco for placing their trust in us to advise Principal. We look forward to our continued partnership and the evolution of the company.”
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $219.7 billion in assets as of September 30, 2024. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,100 ATMs and approximately 1,000 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on X (formerly Twitter), LinkedIn or Facebook.
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