Local lighting & home decor company to continue quality service
Flagstaff, January 31, 2019 – The Lite Company, a family-owned and operated furniture, lighting and home décor provider, was sold to two Flagstaff couples and will remain as a premier retailer in the community.
“The business has been purchased by four long-time Flagstaff residents, who are excited to continue the success of the company,” said Kevin Call, CPA, vice president of Colliers International in Arizona. “This high-quality business has provided great products and services to residents and visitors alike for four decades. It has been a privilege to work with all parties to keep this thriving Flagstaff business in happy, local hands. The new owners are enthusiastically committed to providing the same quality home furnishings, lighting and unique home décor that have been the hallmark of this great business.”
The Lite Company was purchased by two Flagstaff couples, Teena and Wade Patten, and Stacey and Kai McSwain. The business, which was started in 1979, was sold by Kathie and Michael Knapp. Kevin Call, CPA, vice president of Colliers International in Arizona, served as business broker, representing the buyer and seller for a successful transaction.
Call, who works in the Colliers International office in Flagstaff, provides strategic advice to business sellers and buyers, guiding them through the complex process of completing successful business sale or purchase transactions. In addition to brokerage experience, he brings more than 30 years of CPA experience to the process.
The Lite Company began as a full-service lighting showroom and over the past 40 years has grown into a destination for high quality home furnishings that suit all rooms of the home. The company remains one of the largest lighting showrooms in Arizona, offering complete lighting and lighting design. The Lite Company also offers an impressive collection of furniture, most of which is created by talented craftspeople in family-owned businesses based in the United States. Providing support to American artisans and businesses has been an important focus for the Knapp family as they expanded The Lite Company.
The Lite Company offers 10,000 square feet of showroom space in Flagstaff at 2109 N. 4th Street, just off Highway 89.
About Colliers International Group Inc.
Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is a top tier global real estate services and investment management company operating in 69 countries with a workforce of more than 13,000 professionals. Colliers is the fastest-growing publicly listed global real estate services and investment management company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide, and through its investment management services platform, has more than $25 billion of assets under management from the world’s most respected institutional real estate investors.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice to accelerate the success of its clients. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 13 consecutive years, more than any other real estate services firm. Colliers is ranked the number one property manager in the world by Commercial Property Executive for two years in a row.
Colliers is led by an experienced leadership team with significant equity ownership and a proven record of delivering more than 20% annualized returns for shareholders, over more than 20 years.
Colliers International in Arizona has served clients locally and globally for more than 35 years.