A Boston-based investment firm has bought Hubbardton Forge, a Castleton, Vt., company which creates hand-forged lighting fixtures.
Bunker Hill Capital announced last week that it had acquired the company from its private equity firm, Lineage Capital. The terms of the sale, including the price, were not released.
Bob Dillon, CEO of Hubbardton Forge, said he doesn’t expect any changes as a result of the change in ownership and that the company has no intention of moving out of Castleton.
In a statement released by Bunker Hill Capital, Mark DeBlois, Managing Partner of the investment firm, said, “Bunker Hill Capital is looking forward to partnering with management and building upon the strong foundation for growth that currently exists at Hubbardton Forge. The Company has a proven track record with over 20 years of consistent growth and is in a great position to take advantage of the opportunities within its residential, commercial, and international channels. We are very excited to work with this management team in scaling the business to its next level of growth.”
Hubbardton Forge was founded in 1974 by George Chandler and Reed Hampton. The company is a premier designer and manufacturer of hand-forged lighting fixtures. The company focuses on the premium segment of the lighting fixture industry with products sold both in the U.S. and internationally and is the oldest and largest commercial forge in country.
The company currently employs 215 people.