Beringea Exits Relume Technologies

Beringea Exits Relume Technologies

relume nfRevolution Lighting Technologies has acquired Relume Technologies, a portfolio company of private equity firm Beringea. Under the terms of the agreement, Revolution Lighting paid $15 million to acquire the Relume business; approximately $5 million of the purchase price will be paid in cash with the remaining value of $10 million paid in Revolution Lighting common stock. Beringea first invested in Relume in 2009.

Relume designs, manufacturers and markets highly efficient, environmentally friendly and cost effective LED lighting products and smart grid control systems for outdoor lighting applications. The company’s products are used primarily in street and area lighting for municipalities and corporations, commercial signage, outdoor advertising, transportation and US military applications. The company is based in Oxford, MI (

“Revolution Lighting has a vision to provide high quality, efficient and cost effective LED lighting systems through an active distribution network that educates, trains and services our customer base,” said Robert LaPenta, Chairman and Chief Executive Officer of Revolution Lighting Technologies. “Adding Relume’s expertise in LED outdoor lighting applications significantly enhances Revolution Lighting’s LED product portfolio, and will allow Revolution Lighting to reach new markets and offer new products and services to our existing customers.”

Revolution Lighting Technologies (NASDAQ: RVLT) is a designer, manufacturer, marketer, and seller of light emitting diode lighting solutions focusing on the industrial, commercial and government markets in the United States, Canada, and internationally. The company is based in Stamford, CT (

Beringea provides equity and mezzanine debt to small- and-middle market companies. Beringea invests in portfolio companies operating in a range of sectors, including health care, clean technology, advanced manufacturing, media, Internet technologies and specialized consumer products. Founded in 1988, the firm is headquartered in Farmington Hills, MI with an affiliate office in London, UK (

© 2013 PEPD • Private Equity’s Leading News Magazine • 8-27-13

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