TORONTO – Baird Capital announced today that its Private Equity portfolio company SloanLED will acquire Litecorr. Together, these complementary companies will provide end-to-end solutions for clients and expand their global reach and product line.
Litecorr is a global LED lighting solutions provider, developing leading LED lighting products for use in a variety of applications across many industries. SloanLED is a leading manufacturer of LED technology serving customers in many commercial and industrial markets.
Customers and selling partners have been asking for a broader product portfolio to meet the various unique applications for LED lighting. The combination of SloanLED and Litecorr addresses these demands by providing end-to-end sign and lighting systems solutions specific to the key industry verticals: Consumer Services, Financial Services, Food/Grocery, Hotels/Hospitality, Petroleum/Convenience, Retail, Stadiums/Theaters, Transit, etc. The increased portfolio breadth will support more applications and deliver turnkey solutions with improved ROI to customers for LED retrofit projects.
SloanLED and Litecorr will continue to operate independently for the foreseeable future, with no change in sales channels. Ervin Cash will continue to serve as CEO and President of SloanLED and as CEO of Litecorr; Michael Singh will serve as President of Litecorr and will report to Cash.
Litecorr is a long-time leading edge developer and (TSP) turnkey solutions provider of LED (Lighting Emitting Diode) lighting, video screens, and POS products for use in a variety of applications across a broad range of industries. Litecorr is regarded as an industry pioneer with numerous first-to-market LED products. For more information, please visit Litecorr.com.
SloanLED is a pioneer in applied light technology solutions with a vision of enlightening the world. It is SloanLED’s mission to deliver innovative application-based light solutions to their customers in the signage, retail, sporting, hospitality, petroleum, and commercial markets. By anticipating customer’s needs, SloanLED designs, tests, and delivers comprehensive solutions that factor in total cost of ownership requirements, maximizing return on investment, and providing a positive experience. SloanLED collaborates with their industry-leading partners to leverage technology, focus on research, and continuously improve their organization, processes, and products. For over 60 years SloanLED has provided the best LEDs and support, superior technical assistance, and unparalleled customer service. The company is headquartered in Ventura, Calif., with a European office in The Netherlands servicing the rest of the world. (Source: SloanLED.com)
ABOUT BAIRD CAPITAL
Baird Capital makes venture capital, growth equity and private equity investments in strategically targeted sectors around the world. Having invested in more than 300 companies over its history, Baird Capital partners with entrepreneurs and, leveraging its executive networks, strives to build exceptional companies. Baird Capital provides operational support to its portfolio companies through teams on the ground in the United States, Europe and Asia, a proactive portfolio operations team and a deep network of relationships, which together strive to deliver enhanced shareholder value. Baird Capital is the direct private investment arm of Robert W. Baird & Co. For more information, please visit BairdCapital.com.