M&A Deal Summary

Evergreen Cooperative Acquires Intellitronix

On May 17, 2021, Evergreen Cooperative acquired electrical equipment company Intellitronix from US Lighting Group

Acquisition Highlights
  • This is Evergreen Cooperative’s 1st transaction in the Electrical Equipment sector.
  • This is Evergreen Cooperative’s 1st transaction in the United States.
  • This is Evergreen Cooperative’s 1st transaction in Ohio.

M&A Deal Summary
Date 2021-05-17
Target Intellitronix
Sector Electrical Equipment
Buyer(s) Evergreen Cooperative
Sellers(s) US Lighting Group
Deal Type Divestiture

Target

Intellitronix

Euclid, Ohio, United States
Intellitronix manufactures microprocessor-controlled LED products, energy-saving devices designed for the automotive electronic, marine, and recreational vehicle markets. Intellitronix produces a wide range of automotive electronics, accessories, and digital gauges sold and distributed internationally Intellitronix was founded in 1981 and is based in Euclid, Ohio.

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Buyer(S) 1

Buyer

Evergreen Cooperative

Cleveland, Ohio, United States
Category Company
Founded 2008
Sector Business Services
DESCRIPTION

Evergreen Cooperative is a nonprofit organization focused on revitalizing urban neighborhoods by preserving jobs that build middle-class wealth designed to preserve local jobs, helps employee-owners build wealth, and assists small business owners interested in transitioning beyond their current business interests. Evergreen Cooperative was founded in 2008 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

US Lighting Group

Euclid, Ohio, United States
Category Company
Founded 2003
Sector Electrical Equipment
Employees35
Revenue 4M USD (2023)
DESCRIPTION

US Lighting Group is a holding company that currently consists of Cortes Campers, a revolutionary manufacturer of recreational vehicles utilizing vacuum infusion and the highest quality marine materials to create lighter weight and stronger RV travel trailers and campers. Fusion X Marine is a boat manufacturer and franchisor that is in the process of selling worldwide mini powerboat rental franchises to fill an untapped niche. Futuro houses plan to manufacture composite off-grid houses for the tiny house market. US Lighting Group was founded in 2003 and is based in Euclid, Ohio.

DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Mergr

Product

Company

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