Principal Industries acquires GENLED Brands
Adds a New Jersey-based designer, manufacturer, and assembler of premium LED lighting products serving signage, architectural, and commercial markets to the Wynnchurch-backed platform.
Takeaways
- GENLED Brands is a designer, manufacturer, and assembler of premium LED lighting products.
- Principal Industries is acquiring GENLED Brands with backing from Wynnchurch.
- The target serves signage, architectural, and commercial lighting across New Jersey.
Wynnchurch-backed Principal Industries has acquired GENLED Brands, a New Jersey-based designer, manufacturer, and assembler of premium LED lighting products.
The company serves the signage, architectural, and commercial lighting markets with customizable solutions, and adds a global customer base to Principal's existing LED components and engineered assemblies platform.
Todd Fiske, CEO of Principal, said, "GENLED is a highly complementary addition to the Principal platform." Willkie Farr & Gallagher LLP acted as legal advisor to GENLED, and GulfStar Group acted as GENLED's investment banking advisor.
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