Hubbardton Forge sold to Boston-based investment firm

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.

Comments

comments

Read more in this week's Sentinel in newsstands now or click here to read right now with our e-edition.

Northshire Freepress 12/19/14

North Country Freepress – 12/19/14

Weekender 12/12/14

Lakes Region Freepress 12/19/14

Classifieds 12/17/14

Girls fall to Greenwich in opener

A stingy defense was too much for Granville to overcome in season opener Friday night. Granville was held to seven […]

Girls compete with Cougars

The Whitehall girls’ basketball team (0-3) is still seeking its first win of the season. However, the girls stuck with […]

Boys’ hoops handed first loss

After leaping out to a 2-0 start, the Whitehall boys’ basketball team was grounded at North Warren, 65-43. To say […]

Main Street rebounding, says dog salon owner

Dog Salon

By Dan King Malin Shepherd’s new dog salon on Main Street is a sign, she says, that the street is […]

What are you drinking?

Whitehall water

By Dan King If you live in the Village of Whitehall, your drinking water is perfectly healthy. That’s what the […]

Dared by friends, she write a novel

Author

By Derek Liebig It started with a dare. A few years ago, Granville resident Michele Sargent was having lunch with […]

Town to host hearing on fire protection

By Derek Liebig The town board will hold a public hearing later this month on proposed contracts for fire protection […]