KPMG Corporate Finance LLC acted as the exclusive financial advisor to Viscor, Inc.
Founded in 1952 and headquartered in Toronto, Ontario, Viscor is family-owned and one of Canada’s largest fully integrated designer, manufacturer and supplier of commercial lighting solutions. The Company controls all key aspects of the design and productions of its products, including the engineering, metal fabrication, machining, powder coating, programing, assembly and testing. Viscor’s products are sold in nationwide in both Canada and the United States.
Leviton, based in Melville, NY, is a global manufacturer and distributor of electrical wiring devices, network and data center connectivity solutions, energy management and lighting systems and controls.
“Viscor is a well-known and respected lighting company in Canada with a rich and innovative history,” said Daryoush Larizadeh, president and chief operating officer of Leviton. “By adding Viscor to the Leviton family, we will be able to provide a much deeper portfolio of lighting options for our customers. Equally important, Viscor’s product portfolio will be further enhanced with access to our wide variety of innovative lighting control options.”
“Viscor and Leviton both share a common vision and values, so it’s exciting to bring our innovation and expertise to one another,” said Bill Wiener, Chairman of Viscor. “We are pleased that Viscor will continue in the hands of another great family run company.”
KPMG CF and KPMG Corporate Finance in Canada provided sell-side advisory services for this cross border transaction which closed in November 2019. We offered:
“KPMG CF has deep expertise and experience in the lighting industry,” added Michael Wiener, President of Viscor. “They were instrumental in this transaction, and a trusted advisor throughout the process.”
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The global Corporate Finance practice of KPMG International's network of independent member firms was ranked #1 as the top M&A middle-market adviser globally by Refinitiv based on number of completed transactions, in 2018.