Platinum Equity has made a significant investment in LMPG Inc., a North American manufacturer of specification-grade lighting solutions. Financial terms were not disclosed. LMPG founder François-Xavier Souvay, W Investments, and President and CEO Peter Timotheatos and the management team are rolling their equity and will remain significant investors, while Platinum Equity acquires outstanding shares from existing institutional investors.
Headquartered in Montreal, LMPG designs and manufactures lighting luminaires for urban infrastructure, healthcare, education, and commercial building projects, operating a portfolio of seven brands including Lumenpulse, Fluxwerx, Sternberg, Exenia, Pa-Co Lighting, Lumca, ALW, and Vode. LMPG was founded by Souvay in 2006 and has grown through organic expansion and acquisitions.
The transaction is Platinum Equity’s second in Quebec in the last 24 months. Timotheatos will continue serving as President and CEO following the ownership transition.
KEY QUOTES:
“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. We believe the company is well-positioned to benefit from long-term demand trends in commercial construction and infrastructure investment.”
Jacob Kotzubei, Co-President, Platinum Equity
“Canada has long been an important market for us, and we’ve developed a deep understanding of its industries and business environment. This is our second transaction in Quebec in the last 24 months, and we are excited to continue growing our presence there.”
Louis Samson, Co-President, Platinum Equity
“I am proud of what we have built at LMPG and very optimistic about the future. Platinum Equity brings deep experience working with founder-led businesses and a strong operational focus.”
François-Xavier Souvay, Founder, LMPG
