Sentinel Capital Partners, a private equity firm that invests in promising companies in the lower mid-market, is to sell The Luminaires Group, a North American manufacturer of specification-grade and architectural lighting fixtures, to Acuity Brands.
Terms of the deal have not been disclosed.
“Luminaires’ management team, under the leadership of Christian Fabi, built a world-class business with an incredible culture and a deep commitment to serving its customers with innovative lighting solutions,” says Marc Buan, a Sentinel Principal. “During our partnership, Luminaires has successfully completed a complex consolidation of three separate divisions and has integrated two add-on acquisitions, which enabled the company to centralise management, streamline operations, and expand its product offerings. We are thrilled to have worked with this team and see a very bright future for Luminaires as part of Acuity Brands.”
Luminaires President, Christian Fabi, says, “Throughout our partnership, Sentinel has offered a strong and guiding hand during a formative and highly successful period in our company’s history.”
Luminaires’ strategy is to acquire companies that bring specific competences to the group and support and accelerate their growth initiatives. Luminaires also leverages the combined knowledge and expertise of its group to improve process and product design, deliver the best possible combination of cutting edge lighting, and provide unsurpassed support. Each division in the group retains its autonomy and brand identity, which facilitates an organisational culture that is nimble and able to quickly react to its own market needs.
