Phoenix Lighting, a portfolio company of JMC Capital Partners, has acquired Georgia-based Bright Light Systems Inc, a provider of industrial rugged lighting equipment. No financial terms were disclosed.
BOSTON, Feb. 26, 2019 /PRNewswire/ — JMC Capital Partners (“JMC”) is pleased to announce that its portfolio company Phoenix Lighting (“Phoenix”) has completed the acquisition of Bright Light Systems, Inc. – a Georgia-based company with a strong product line, well-developed lighting controls system, and numerous installations worldwide.
Phoenix is the industry leader in industrial rugged lighting equipment. This acquisition strengthens the capabilities of Phoenix to support its ports and terminals markets. With expanded in-house expertise, Phoenix can combine its lighting products with a specialized lighting control and monitoring system to bring superior efficiency and performance.
Scott Fredrick, CEO of Phoenix declared: “We are excited about the acquisition and partnership with the Bright Light team. They will be a great addition to our Company and product offering.”
“Our best-in-class controls platform combined with Phoenix’s industry knowledge and lighting expertise make this a perfect acquisition,” said Brad Lurie, CEO of Bright Lights Systems, who will now manage Phoenix’s new Controls Division.
Dave Logan, JMC Operating Partner, added: “We are excited about the possibilities that this acquisition brings to Phoenix, leveraging Phoenix’s strengths in rugged industrial design with new technology and products.”
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.