- Tuesday June 28, 2022

Peninsula Capital Partners is pleased to announce the acquisition of Lite Tech, Inc. (d/b/a XenoLite) by its portfolio company Burlington Medical, LLC, representing the third major acquisition by the Burlington platform.
Lite Tech, based in Norristown, PA, is a manufacturer of radiation protection products principally serving the healthcare industry. Lite Tech is a leader in the industry with its proprietary, lightweight, eco-friendly core material, originally developed by DuPont.
Peninsula partnered with independent sponsor, Fox-3 Partners, to acquire Burlington in 2015 from the Company’s founders. Peninsula provided a combination of junior debt and equity, as well as sourced senior debt for the transaction. Over the past seven years, Peninsula has supported Burlington’s expansion efforts via organic growth and through multiple strategic acquisitions. With the completion its acquisition of Lite Tech, Burlington Medical is believed to be the world’s largest manufacturer of radiation-protective aprons for the healthcare industry.
Peninsula Capital would like to thank our professional service partners who assisted us in closing this transaction, including: Fox-3 Partners, Comerica Bank, Grant Thornton LLP, EnviroForensics, Foley & Lardner LLP and Price Benowitz LLP.