M&A Deal Summary

Atar Capital Acquires Universal Lighting Technologies

On March 17, 2021, private equity firm Atar Capital acquired electrical equipment company Universal Lighting Technologies from Panasonic

Acquisition Highlights
  • This is Atar Capital’s 2nd transaction in the Electrical Equipment sector.
  • This is Atar Capital’s 6th transaction in the United States.
  • This is Atar Capital’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2021-03-17
Target Universal Lighting Technologies
Sector Electrical Equipment
Buyer(s) Atar Capital
Sellers(s) Panasonic
Deal Type Divestiture

Target

Universal Lighting Technologies

Nashville, Tennessee, United States
Universal Lighting Technologies is a designer and manufacturer of ballasts and controls for commercial lighting applications. It offers electronic linear fluorescent ballasts, compact fluorescent ballasts, energy management and controllable lighting products, architectural dimming products, HID ballasts, lamp and lamp holders, LED products, and sign ballasts.

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Buyer(S) 1

Buyer

Atar Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2016
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Atar Capital is a private investment firm focused on complex acquisitions and turnarounds. The Firm has a special interest in non-core or non-strategic divestures of public companies. Atar seeks opportunities with $50 million to $1.5 billion of revenue and up to $25 million of EBITDA. Targeted sectors include automotive, manufacturing, distribution, industrials, business services, media/entertainment, technology, consumer products, food/beverages, healthcare, aerospace/defense, and transportation. Atar Capital was established in 2016 and is based in Los Angeles, California.

DEAL STATS #
Overall 8 of 10
Sector (Electrical Equipment) 2 of 2
Type (Divestiture) 6 of 7
State (Tennessee) 1 of 1
Country (United States) 6 of 8
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-17 Douglas Lighting Controls

Burnaby, British Columbia, Canada

Douglas Lighting Controls is a global commercial manufacturer of lighting control equipment having engineered scalable, easy-to-install centralized, and decentralized digital lighting control systems for schools, offices, commercial buildings, campuses, and sports complexes throughout North America. Douglas systems include relay panels, controllers, occupancy/vacancy sensors, daylight sensors, and wall switch stations. Prior to shipment, each system is programmed and tested to ensure the system installation and commissioning are as fast and easy as possible. The company also provides services for project/system drawing, technical support, and onsite system commissioning. Douglas Lighting Controls was formed in 1962 and is based in Burnaby, V5G 4X5, British Columbia

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-08 RWS

Chadds Ford, Pennsylvania, United States

RWS develops and manages end-to-end recycling, waste and sustainability programs for multi-site blue chip customers across North America. RWS is a full-service provider and category manager with an asset light business model. Its customers benefit from market leading technology, action oriented analytics and reporting, and an expertly managed commodities trading platform. RWS is headquartered in Chadds Ford, Pennsylvania and has offices located in Atlanta, Georgia; Plano, Texas; St. Louis, Missouri; and Los Angeles, California.

Sell $33M

Seller(S) 1

SELLER

Panasonic

Kadoma, Japan
Category Company
Founded 1918
Sector Electronics
Employees229,183
Revenue 8.50T JPY (2024)
DESCRIPTION

Panasonic is a manufacturer of electronics. Panasonic manufactures and markets a wide range of products under the Panasonic brand to enhance and enrich lifestyles all around the globe. Panasonic was founded in 1918 and is based in Kadoma, Japan.

DEAL STATS #
Overall 8 of 8
Sector (Electrical Equipment) 4 of 4
Type (Divestiture) 8 of 8
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-17 Douglas Lighting Controls

Burnaby, British Columbia, Canada

Douglas Lighting Controls is a global commercial manufacturer of lighting control equipment having engineered scalable, easy-to-install centralized, and decentralized digital lighting control systems for schools, offices, commercial buildings, campuses, and sports complexes throughout North America. Douglas systems include relay panels, controllers, occupancy/vacancy sensors, daylight sensors, and wall switch stations. Prior to shipment, each system is programmed and tested to ensure the system installation and commissioning are as fast and easy as possible. The company also provides services for project/system drawing, technical support, and onsite system commissioning. Douglas Lighting Controls was formed in 1962 and is based in Burnaby, V5G 4X5, British Columbia

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-23 Blue Yonder

Scottsdale, Arizona, United States

Blue Yonder is end-to-end, digital fulfillment platform provider in artificial intelligence and machine learning (AI/ML) driven supply chain and retail solutions for 4,000 of the world’s leading retail, manufacturing and logistics companies. Blue Yonder enables an Autonomous Supply ChainTM by connecting its cognitive SaaS solutions from end-to-end — across planning, execution and delivery — with a broad partner ecosystem, empowering customers to better predict and shape demand, transform their product delivery and deliver outstanding customer experiences. Blue Yonder’s world-class client brands include 75 of the top 100 retailers, 77 of the top 100 consumer goods companies, and 8 of the top 10 global 3PLs. Blue Yonder was founded in 1985 and is based in Scottsdale, Arizona.

Buy $8.5B
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