Platinum Equity backs lighting manufacturer LMPG
Montreal-based LMPG designs specification-grade LED lighting systems for commercial, healthcare, education, and urban infrastructure projects throughout North America.
Takeaways
- LMPG is a manufacturer of specification-grade LED lighting systems for commercial and infrastructure projects.
- Platinum Equity is acquiring LMPG.
- The target serves commercial and institutional construction and urban infrastructure across Canada.
Platinum Equity has made a significant investment in LMPG Inc., a Montreal-based manufacturer of specification-grade LED lighting systems for commercial buildings, healthcare facilities, educational institutions, and urban infrastructure projects.
Founder François-Xavier Souvay, W Investments, President and CEO Peter Timotheatos, and management rolled over their equity, while institutional investors sold their stakes.
LMPG runs a portfolio of eight lighting brands—including Lumenpulse, Fluxwerx, Sternberg, Exenia, Pa-Co Lighting, Lumca, ALW and Vode—and reaches architects, engineers and lighting designers through a network of independent sales agencies.
“LMPG has built a scaled and highly differentiated platform in the specification-grade lighting market, combining specialized engineering capabilities, a diverse portfolio of brands, and a strong network of agent partners who bring those products to the architects, engineers and designers who specify them,” said Platinum Equity Co-President Jacob Kotzubei.
The firm plans to draw on its operational expertise and acquisition experience to help LMPG capture share in the fragmented specification-grade lighting market, supported by demand from commercial construction and infrastructure investment.
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