April 28, 2023 – CriticalPoint is pleased to announce that it represented Infinity X1, LLC (“Infinity” or the “Company”), a leading supplier of portable lighting products, in its recapitalization with Main Street Capital Corporation (NYSE: MAIN) (“Main Street”). Main Street, along with its co-investor, partnered with the Company’s existing owners and management team to facilitate the transaction, with Main Street funding a combination of first-lien, senior secured term debt and a direct minority equity investment.
Founded in 2018 and headquartered in San Diego, California, Infinity designs, manufactures, and distributes branded and private label portable lighting products. The Company has a broad portfolio of innovative and patented products including headlamps, flashlights, utility and safety lights, lanterns, and work lights. The Company sells its products to consumers globally through major retailers and eCommerce platforms. To learn more about Infinity, please visit www.infinityx1.com.
“CriticalPoint took the time to understand our business model and to position Infinity to achieve a successful transaction,” stated Dennis Bertken, CEO of Infinity. “Their dedication and professionalism helped us to find an excellent partner in Main Street to continue to grow our business with.”
Nick Cipiti, Director at CriticalPoint, added, “Infinity’s rapid growth and innovation in the personal lighting space have positioned the Company as a leader in the sector. We look forward to the platform that they will continue to build with this new partnership.”
CriticalPoint served as the exclusive financial advisor to Infinity in connection with the transaction. The transaction, led by Matt Young, Nick Cipiti, and Reid Mattan on behalf of CriticalPoint, demonstrates the firm’s expertise in middle market transactions and commitment to act as a trusted advisor with proven abilities to deliver for its clients.
If you would like more information about CriticalPoint or have questions regarding this transaction, please contact Nick Cipiti or Reid Mattan.
About CriticalPoint
Headquartered in Los Angeles, CriticalPoint is a leading full-service financial M&A firm that uniquely combines the best of investment banking, private capital, and valuation service offerings. CriticalPoint executes, sources, and invests in deals across a wide variety of industries for the traditionally underserved middle market. Since our founding in 2012, our mission has been to serve the needs of owners, entrepreneurs, management teams, and stakeholders with our experience, knowledge, and expert judgment, to help them realize their companies’ greatest potential. From our deep-rooted foundation in private equity and investment banking, and our devotion to deal origination and business development, combined with being entrepreneurs at heart, we believe we are differentiated and well positioned to help companies wherever they are in their life cycle.
Messrs. Young, Cipiti, and Mattan are Registered Representatives of, and Securities Products are offered through CriticalPoint Partners, LLC Member FINRA (https://brokercheck.finra.org/), SIPC (www.SIPC.org). Any testimonial or endorsement may not be representative of the experience of other customers and is no guarantee of future performance or success.
