Levine Leichtman Capital Partners (“LLCP”) announced today that it has completed the sale of Luminator Technology Group (“LTG” or the “Company”) to Audax Group (“Audax”).
LTG, headquartered in Plano, TX, is a leading global designer and manufacturer of highly-engineered display, lighting and passenger communication systems that illuminate, inform and improve the experience of bus, rail and aerospace passengers worldwide. The Company serves municipal transportation systems, OEMs and their suppliers throughout the world. LTG is known industry-wide as a pioneer in developing new products that improve mass transportation efficiency, lower operator cost and enhance end user experience, having introduced a number of “first to market” technologies that have since become industry standard.
Lauren Leichtman, CEO of LLCP, said, “Avi Zisman (CEO) and the rest of the LTG management team have done an exceptional job creating value since our initial investment in October 2010. The Company’s success in driving organic growth through innovation and integrating transformative acquisitions resulted in a truly exceptional outcome for all of the Company’s stakeholders including LLCP, our partners and the Company’s management team.” Avi Zisman said, “LLCP’s involvement with us in completing two highly strategic acquisitions, arranging multi-currency financings and supporting our organic growth initiatives all helped facilitate the rapid expansion of our business.”
Robert W. Baird & Co. served as financial advisor and Weil, Gotshal and Manges LLP served as legal advisor to LTG in connection with the sale.