Platinum Equity Invests in North American Lighting Specialist LMPG

Platinum Equity announced a significant investment in LMPG Inc, a leading North American manufacturer of specification-grade lighting solutions. Financial terms were not disclosed.

LMPG founder François-Xavier (FX) Souvay, W Investments, and President and CEO Peter Timotheatos and the company's management team are rolling their equity and will remain significant investors in the business. Platinum Equity is acquiring the outstanding shares from existing institutional investors.

Headquartered in Montreal, LMPG is a leading provider of customized, specification-grade lighting solutions for commercial and infrastructure applications across North America. The company designs and manufactures advanced lighting luminaires and solutions used in a wide range of end markets, including urban infrastructure, healthcare, education and commercial building projects.

LMPG operates a portfolio of seven brands and serves customers through a broad network of agencies, offering highly engineered, made-to-order products tailored to the unique requirements of architects, engineers and designers.

"LMPG has built a scaled and highly differentiated platform in the specification-grade lighting market, combining specialized engineering capabilities, a diverse portfolio of brands, and a strong network of agent partners who bring those products to the architects, engineers and designers who specify them," said Platinum Equity Co-President Jacob Kotzubei. "We believe the company is well-positioned to benefit from long-term demand trends in commercial construction and infrastructure investment."