M&A Deal Summary

Savant Acquires GE Lighting

On May 27, 2020, Savant acquired electrical equipment company GE Lighting from General Electric

Acquisition Highlights
  • This is Savant’s 2nd transaction in the Electrical Equipment sector.
  • This is Savant’s 3rd transaction in the United States.
  • This is Savant’s 1st transaction in Ohio.

M&A Deal Summary
Date 2020-05-27
Target GE Lighting
Sector Electrical Equipment
Buyer(s) Savant
Sellers(s) General Electric
Deal Type Divestiture

Target

GE Lighting

Cleveland, Ohio, United States
website
GE Lighting LLC offers professional & consumer lighting solutions. GE Lighting was founded in 2000 and is based in Cleveland, Ohio.

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Buyer(S) 1

Buyer

Savant

Hyannis, Massachusetts, United States

website

Category Company
Founded 2005
Sector Electronics
DESCRIPTION

Savant is a luxury smart home technology company focused on bringing the four pillars of automation - comfort, lighting, entertainment, and safety - together in a single application interface for the homeowner. Savant was founded in 2005 and is based in Hyannis, Massachusetts.

DEAL STATS #
Overall 3 of 5
Sector (Electrical Equipment) 2 of 3
Type (Divestiture) 2 of 2
State (Ohio) 1 of 1
Country (United States) 3 of 5
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-07 Artison

Minden, Nevada, United States

Artison LLC is a manufacturer of high performance whole house audio and home theater solutions. Artison LLC was established in 2003 and is based in Minden, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 Racepoint Energy

Osterville, Massachusetts, United States

Racepoint Energy is an engineering-driven company known for category-defining smart electrical panel, automated power, storage and energy resiliency solutions for consumers, home builders, businesses and utility companies. Racepoint Energy is based in Osterville, Massachusetts.

Buy -

Seller(S) 1

SELLER

General Electric

Boston, Massachusetts, United States

website

Category Company
Founded 1892
Sector Diversified
Employees205,000
Revenue 76.6B USD (2022)
DESCRIPTION

General Electric is a diversified technology and financial services corporation. Products and services range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products. General Electric was founded in 1892 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 42 of 44
Sector (Electrical Equipment) 5 of 5
Type (Divestiture) 36 of 38
State (Ohio) 3 of 3
Country (United States) 33 of 34
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-17 General Electric - Solar Business

Fairfield, Connecticut, United States

General Electric's Solar Business provides solar and storage solutions for the commercial industrial and public sectors. General Electric's Solar Business is based in Fairfield, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-10 GE Capital Aviation Services

Shannon, Ireland

GE Capital Aviation Services (GECAS) is an aviation lessor and financier that has partnered with customers to find solutions to their challenges and helped their businesses to thrive. GECAS offers a broad array of financing products and services on these assets including operating leases, purchase/leasebacks, capital markets, and airframe parts management. GECAS owns, services, or has on order approximately 1,700 aircraft. GECAS serves over 200 customers in ~75 countries from a network of 15 offices around the world.

Sell -
Mergr

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