Atar Capital Acquires Universal Lighting Technologies and Douglas Lighting Controls from Panasonic Corporation
Summary
Through the change of ownership, the businesses will be renamed Universal Douglas Lighting Americas, Inc. and will operate as one company to address the needs of the market for a broader and more integrated suite of products and solutions. Smart IoT lighting not only helps to drive incremental cost savings, but it also provides a platform for many valuable features within commercial spaces, including data collection and tracking, among others. Atar Capital is a global private investment firm that acquires a wide range of lower middle market businesses exhibiting opportunities for growth, revitalization and significant value creation. Atar Capital’s combination of operational expertise, industry knowledge and investment experience provide a unique edge in creating value and working as a true partner with its portfolio companies. The firm assists in activities ranging from growing the business to improving operations and financial performance, leveraging all available resources and talent within Atar’s leadership team, as well as its bench of seasoned senior advisors, offering deep sector and functional expertise.