STAMFORD, Conn.–(BUSINESS WIRE)–
Revolution Lighting Technologies, Inc. (RVLT) (“Revolution Lighting”), a leader in advanced LED lighting technology, today announced it has acquired Tri-State LED in a cash and stock transaction. Terms of the transaction were not disclosed.
Based in Greenwich, CT, Tri-State LED is a leading distributor of Revolution Lighting’s Seesmart LED lighting solutions with a significant client base across the Tri-State area that includes municipalities, major school systems, hospitals, convention centers and real estate developers.
“Our strong dealer and distributor network is one of our key differentiators and drivers of growth,” said Robert V. LaPenta, Chairman and Chief Executive Officer of Revolution Lighting Technologies. “We are in the unique position of being able to purchase the best performing dealers and distributors in our network and provide them with the resources they need to grow both of our businesses. We will continue to make similar acquisitions that drive revenue growth for Revolution Lighting.”
“Led by a high-quality and experienced management team, Tri-State LED is one of our most successful distributors with an impressive, long-term customer base and a rich pipeline of add-on and new LED implementation projects,” added Charlie Schafer, President and Chief Financial Officer of Revolution Lighting Technologies. “The Tri-State LED team is intimately familiar with our broad product line and by adding capital resources and a complete administrative support structure, they will be well-positioned for seizing on large scale opportunities that otherwise would not have existed for them.”
About Revolution Lighting Technologies Inc.
Revolution Lighting Technologies, Inc. is a leader in the design, manufacture, marketing, and sale of light emitting diode (LED) lighting solutions focusing on the industrial, commercial and government markets in the United States, Canada, and internationally. Through advanced technology and aggressive new product development, Revolution Lighting has created an innovative, multi-brand, lighting company that offers a comprehensive advanced product platform. The company goes to market through its Seesmart brand, which designs, engineers and manufactures an extensive line of high-quality interior and exterior LED lamps and fixtures; Lighting Integration Technologies Inc., which sells and installs Seesmart products; Lumificient, which supplies LED illumination for the signage industry; Relume Technologies, a leading manufacturer of outdoor LED products; and Sentinel, a revolutionary patented and licensed monitoring and smart grid control system for outdoor lighting applications. Revolution Lighting Technologies markets and distributes its product through a network of independent sales representatives and distributors, as well as through energy savings companies and national accounts. Revolution Lighting Technologies trades on the NASDAQ under the ticker RVLT. For additional information, please visit: www.rvlti.com.
About Tri-State LED
Tri-State LED Lighting Wholesale’s mission is to provide high quality, long lasting, energy efficient, eco friendly LED lighting products, We provide outstanding customer service including a free comprehensive lighting audit and analysis for your business or commercial facility. Tri-State Led Lighting Wholesale provides a thorough education of all aspects of your LED lighting project. Businesses, municipalities and homeowners can all benefit from high efficiency, environmentally friendly, lighting solutions. Our company will provide high efficiency Seesmart LED lights for nearly all lighting applications both retrofit and new construction. LED Tube Lights, LED PAR lights and LED High Bays at low wholesale prices. Pricing for our products provides a return on investment (ROI) superior to our competitors. We provide a 5 year replacement warranty on most our products with a life expectancy of 30,000 – 50,000 hours. Our knowledgeable staff has an unprecedented grasp on most incentive and rebate programs. This comprehensive knowledge assists Tri-State LED Lighting Wholesale in providing our customers with the maximum return on investment (ROI) possible. We have an LED light bulb tube light or LED lighting fixture for nearly every light project imaginable. For more information, please visit: https://www.ledlightingwholesale.com/