American Lighting giant Revolution Lighting acquisition Tri-State LED

American Lighting giant Revolution Lighting technology company announced on the 18, it has acquired Tri-State LED company in cash and stock trading. The terms of the transaction have not been disclosed.

Tri-State LED is headquartered in Greenwich, Connecticut, is a leading distributor of Revolution Lighting, mainly for the three state area (a total of Tri-State area, New Jersey, Connecticut and New York) an important customer base to provide Seesmart LED lighting solutions, including the autonomous city, the main school systems, hospital, exhibition center and real real estate developers.

"A strong network of dealers and distributors is one of the main advantages and our growth momentum," Revolution chairman and chief executive officer of Lighting Robert V. LaPenta said: "we can acquire the best performance of dealers and distributors in our network, and provide the resources needed for them to promote their business growth. We will continue to carry out similar acquisitions to boost our revenue growth. "

"The experienced management team, Tri-State LED has become one of our most successful distributors, with long-term customers, rich products and additional new LED project," Revolution Lighting, President and chief financial officer Charlie Schafer added: "Tri-State LED's team is very familiar with our extensive product line, by increasing the capital resources and administrative support structure is complete, they will be in a good position to seize more opportunities to expand the scale. "