Duncan Thomas
Hackensack, NJ (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
Moss Lighting
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Startup
Location:
Hackensack
Industry:
Wholesale
Year Founded:
1979
Number Employees:
1-10 people
Description:
Moss Lighting is a niche distributor of high value parts and supplies to lighting manufacturers and distributors. It is based in Hackensack, NJ and has been in business for more than 55 years. It has solid customer and supplier relationships and has historically been a stable business with strong gross margins and cash flow.
Moss offers a strong platform for growth. It operates without computers, a website, ecommerce capabilities, credit cards, or a marketing effort. Investments on these fronts would provide material returns we believe. Its end-markets are largely residential housing related, which are currently weak, but should offer upside as they return to equilibrium. As a distributor, Moss has pass-through pricing which benefits profits in an inflationary environment. Lastly, it has unique sourcing relationships in low cost countries which supports competitive pricing and offers opportunities to expand into adjacent product categories.