Los Angeles, CA – November 21, 2016 – Silver Sail Capital, LLC (“SSC”) and 3P Equity Partners, LLC (“3P”, and together with SSC, “S3”) have announced a joint investment in iWorks, LLC. (“iWorks” or the “Company”). The terms of the transaction were not disclosed.
S3 is excited to partner with its original founder and other management personnel to build on the strong foundation the team has created. As a financial group, S3 will provide access to additional resources and growth capital that will allow the Company to continue along its impressive historical growth trajectory. Together we look forward to developing new and innovative technologies allowing the Company to expand its line of products through organic and M&A initiatives.
iWorks is a leader in providing product to premium hospitality spaces, offering highly engineered custom lighting systems and fixtures that enhance the overall guest experience. The Company is an approved supplier of experiential illumination solutions to leading US architectural and design firms, with their unique products well represented among 5-star hotels, resorts, and casinos, as well as many other renowned venues throughout the world. The company’s reputation for quality and dependability as well as its unique commitment to the most technologically advanced principles in the industry enables iWorks to deliver on its customers’ most complex lighting objectives. The Company currently employs over 50 people with its manufacturing facility located within the broader Los Angeles metropolitan area.