JMC Capital Partners has acquired Milwaukee-based Phoenix Products, a maker of rugged industrial lighting products. No financial terms were disclosed.
BOSTON, Sept. 6, 2018 /PRNewswire/ — JMC Capital Partners (“JMC”) is pleased to announce the acquisition of Phoenix Products (“Phoenix”), a leading manufacturer of rugged industrial lighting products. Headquartered in Milwaukee, Wisconsin, Phoenix occupies a modern 68,000 sf. manufacturing and design facility and is a global market leader in the lighting of ports, mines, marine, and other commercial and industrial markets.
“We are very pleased to partner with Phoenix and its management team,” said Michael A. D’Amelio, Managing Partner of JMC. “The company has a proud tradition of innovative high-quality products. With JMC’s support, Phoenix plans on aggressive growth both organically and through add-on acquisitions.”
“Phoenix’s LED lighting business presents great opportunities for our future in this industry,” said Scott Fredrick, CEO of Phoenix. “As a 126-year-old manufacturer, we know the value of adaptability and perseverance. JMC’s strategy is a perfect fit for Phoenix and its plan for long-term growth.”
Founded in 1999, JMC is a private equity firm that has adhered to a consistent approach and strategy focused around driving value through operational and strategic excellence in industrial products and technology focused companies. JMC’s partners come from operating backgrounds and have executed this strategy as owners and operators as well as investors. The team is able to streamline the acquisition process, focus on the important outcomes, and provide rapid and timely transactions. For more information, visit http://www.jmccp.com.