Platinum Equity invests in lighting company LMPG

An article on PEHub reports that Platinum Equity has invested in LMPG Inc, a Montreal-based producer of specification-grade lighting solutions. The financial terms of the private equity transaction were not publicly disclosed. This investment highlights continued private equity interest in the manufacturing sector, specifically within specialized industrial applications. Further details on the stake acquired by Platinum Equity were not provided in the announcement. However, it was confirmed that LMPG’s existing leadership will retain significant ownership in the company. LMPG founder François-Xavier Souvay, W Investments, and President and CEO Peter Timotheatos, along with the company’s management team, are rolling over their equity as part of the deal. This structure suggests a partnership approach, aiming to leverage Platinum Equity’s expertise while maintaining continuity in leadership. LMPG, established in 2006, specializes in providing lighting solutions for various commercial and infrastructure applications throughout North America. The company manages a portfolio comprising seven distinct brands, catering to diverse needs within the lighting market. This brand diversity likely contributes to its market positioning and resilience. According to Jacob Kotzubei, co-president at Platinum Equity, the firm believes LMPG is well-positioned to capitalize on enduring demand trends in both commercial construction and infrastructure investment. This perspective underscores a strategic focus on sectors with anticipated long-term growth. This transaction signals a continued private equity focus on established manufacturing companies with specialized product offerings and strong market presence, particularly those poised to benefit from broader economic trends in construction and infrastructure development.