Private investment firm Inverness Graham Investments’ portfolio company EiKO Global, a manufacturer of advanced lighting solutions for the commercial and industrial markets, has acquired Xeleum Lighting (Xeleum).
Based in Boynton Beach, Florida, Xeleum manufactures and distributes intelligent LED lighting fixtures and controls.
“The acquisition of Xeleum addresses a growing need both in the marketplace as well as in EiKO’s existing customer base for controls-oriented LED lighting systems,” says Michael Morrissey, Managing Principal of Inverness Graham. “Xeleum and EiKO provide complimentary product offerings that will enable the combined platform to increase wallet share with the existing customers at both companies. We are looking forward to leveraging these newly acquired capabilities as we continue to build a globally integrated and connected smart-LED platform.”
“Xeleum Lighting is an exciting add for EiKO,” says Rick Leaman, CEO of EiKO Global. “The combined platform is now able to participate in all aspects of a customer’s lighting project, having both EiKO’s broad portfolio of affordable LED lighting products and Xeleum’s value-add capabilities of custom design and control integration for advanced applications.”
Terms of the acquisition were not disclosed. Paul Hastings LLP acted as legal counsel to EiKO Global.
