Revolution Lighting Technologies to Acquire Value Lighting, Expand LEDs for Multifamily

摘要

Revolution Lighting Technologies Inc., Stamford, Conn., has a definitive agreement to acquire Value Lighting Inc. and certain affiliates, a lighting manufacturer that concentrates on the multi-family residential housing sector and new construction marketplace across the United States. The combination will give Value Lighting new LED options to bring its market. Based in Marietta, Ga., and founded in 2005, Value Lighting posted 2013 revenues of about $43 million and is expected to see $55 million in 2014, with EBITDA above 12% in both periods, the companies said in a release. More than half of Value Lighting's expected 2014 revenues are in current backlog.