Audax Group announced it has acquired Luminator Technology Group, LLC (“LTG”) from Levine Leichtman Capital Partners. Headquartered in Plano, Texas, LTG is a leading global designer and manufacturer of 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 worldwide.
*Geoff S. Rehnert, *Co-Chief Executive Officer, Audax Group, said “LTG is an innovative leader within the global passenger information systems industry. We look forward to working with management to grow the business by implementing sales initiatives, expanding the product offering, and making strategic add-on acquisitions.”
*Avi Zisman, *CEO of LTG, said “We are excited to continue growing the business organically and leveraging Audax’ expertise in identifying and integrating add-ons. I look forward to working with our new partner and creating a larger strategic enterprise.”
Audax Private Equity acquired LTG from Levine Leichtman Capital Partners. Kirkland & Ellis LLP served as counsel to Audax Group. Robert W. Baird & Co. advised LTG. GE Capital Corporation, BNP Paribas Securities, and American Capital Ltd. provided financing to support the transaction.