Optimum Lighting, LLC acquired by Philips

Healthcare M&A Technology, Regulation and Politics - Healthcare M&A Technology, Regulation and Politics

Northern Edge is pleased to announce the sale of Optimum Lighting, LLC to Royal Philips Electronics (AEX: PHI, NYSE: PHG). The deal team on the transaction, which closed on January 4, 2011, was led by Mark Sapsford and Adam Friend from the firm’s New York City office, along with Andrew Koczo, Wendy Hannan, and Aaron Neuman. Northern Edge acted as the exclusive advisor to Optimum.

“The entire team at Northern Edge was spectacular,” said Charlie Kassay, President of Optimum Lighting. “We were most impressed with their support throughout this process. They remained extremely flexible and very professional, guiding us seamlessly through a few different transaction scenarios, and ultimately we achieved what we originally wanted which was to be acquired by Philips.”

“Optimum Lighting is an Original Equipment Manufacturer (OEM), and they have set the standard for the design and manufacturing of energy efficient fluorescent lighting,” said Mark Sapsford. “Throughout 2010, strong M&A interest existed for companies in sectors related to energy efficiency, green energy and the environment. This trend is likely to prevail in 2011 as well.”

Founded in 2005, Optimum Lighting is a manufacturer of energy efficient lighting fixtures. Optimum specializes in customized solutions of fluorescent fixtures for retail, industrial, commercial and warehouse applications. Headquartered in Henderson, North Carolina, Optimum employs approximately 70 people.

Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a diversified health and well-being company, focused on improving people’s lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of “sense and simplicity”. Headquartered in the Netherlands, Philips employs more than 118,000 employees in more than 60 countries worldwide.

For more information on the firm’s experience and capabilities, please contact Bob Goldsmith, President & CEO at +1 (212) 520-8290.

View more deal completions here.

Skip to content