An innovative designer has joined the Leviton Manufacturing fold.
The Melville-based provider of electrical devices, networking solutions and lighting-energy management systems has acquired ConTech Lighting, an Illinois-based manufacturer of high-performance fixtures and sustainable lighting solutions.
Leviton acquired the company from E&A Companies, a privately held, Indiana-based portfolio corporation that acquires and manages other firms. Not a private equity firm and not interested in “flipping” properties, E&A partners with existing ownership groups to create long-term value – which is precisely what happened with ConTech Lighting over the last two decades, according to E&A Companies Chairman Al Hubbard.
Commenting Monday on the sale – terms of which were not disclosed – Hubbard said ConTech executives had turned a small fixtures importer into a “large, engineering-driven light-fixture company on the leading edge of LED technology.”
“We are delighted to see Leviton embrace the company’s success,” Hubbard added.
The acquisition – Leviton’s second in the U.S. lighting industry in as many years, following its 2015 takeover of California-based LED specialist Intense Lighting LLC – expands the global distributor’s product catalogue while furthering its overall growth plan, according to Leviton executives.
Chief Executive Don Hendler, who called ConTech Lighting “a leading innovator and manufacturer in sustainability, performance and design,” said the Chicago-based maker “is a perfect fit into the Leviton family of products, brands and services,” while Leviton President and COO Daryoush Larizadeh emphasized strategy.
“As a leading innovator and manufacturer of electrical wiring devices, including lighting controls, the ConTech Lighting acquisition reflects our company’s progression and strategic growth toward innovative solutions,” Larizadeh said in the acquisition announcement.
ConTech Lighting is equally excited to board the Leviton mothership, according to ConTech President and CEO John Ranshaw, who will continue to lead the subsidiary while reporting to Larizadeh.
“Under the leadership of and collaboration with Leviton, we look forward to developing even more innovative solutions for our customers for many years to come,” Ranshaw said in a statement.
The companies will maintain independent agent networks and distribution channels, minimizing the effect on ConTech Lighting’s existing staff, contracts and customers.