Truck-Lite Co., based in Falconer N.Y., has acquired Lumitec, a supplier of lighting for the marine industry, according to an April 17 press release.
Truck-Lite is a worldwide leader in heavy-duty and off-road lighting, telematics, engine protection, safety and visibility systems.
Lumitec, founded in 2007, supplies deck, underwater, interior, navigation and specialty lighting to more than 250 boats worldwide. It also offers a line of LED lighting for commercial vehicles.
Delray Beach, Fla.-based Lumitec has been named one of Inc. magazine’s fastest-growing private companies for seven consecutive years.
"We see in Truck-Lite a partner with a strong philosophical alignment combined with deep technical resources and a massive market presence," Lumitec founder and President John Kujawa said. "We couldn't be more excited about our partnership."
Brown Gibbons Lang & Co.'s diversified industrials team served as the exclusive financial adviser to Lumitec. BGL is an independent investment bank serving the middle market and whose offerings include advising in mergers and acquisitions. — Transport Topics