Sentinel to sell The Luminaires Group to Acuity Brands
Summary
Sentinel Capital Partners has agreed to sell Montreal-based The Luminaires Group, a maker of architectural lighting fixtures, to Acuity Brands Inc. No financial terms were disclosed. NEW YORK, Sept. 10, 2019 /PRNewswire/ — Sentinel Capital Partners, a private equity firm that invests in promising companies in the lower midmarket, today announced that it has entered into an agreement to sell The Luminaires Group, a leading North American manufacturer of specification-grade and architectural lighting fixtures, to Acuity Brands, Inc. “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,” said 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 centralize management, streamline operations, and expand its product offerings. Besides Luminaires, Sentinel sold CINgroup, a workflow solutions provider to the consumer bankruptcy market, and made five new platform investments, including Apex Companies, an environmental services firm; Holley Performance Products, a designer, manufacturer and marketer of branded aftermarket automotive performance products; Mobile Communications America, a communications solutions and services provider; Pet Supplies Plus, a franchisor and operator of pet-specialty stores; and SSJA Bariatric Management, an administrative support service provider to a network of bariatric surgery offices.