M&A Deal Summary

Principal Industries Acquires HanleyLED

On January 22, 2024, Principal Industries acquired electrical equipment company HanleyLED

Acquisition Highlights
  • This is Principal Industries’ 2nd transaction in the Electrical Equipment sector.
  • This is Principal Industries’ 2nd transaction in the United States.
  • This is Principal Industries’ 1st transaction in Missouri.

M&A Deal Summary
Date 2024-01-22
Target HanleyLED
Sector Electrical Equipment
Buyer(s) Principal Industries
Deal Type Add-on Acquisition

Target

HanleyLED

St. Louis, Missouri, United States
HanleyLED is an operator of LEDs in the commercial sign industry with Tier 1 LEDs, power supplies, and accessories, backed by a commitment to quality and innovative solutions at affordable prices. HanleyLED was founded in 2011 and is based in St. Louis, Missouri.

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Buyer(S) 1

Buyer

Principal Industries

San Angelo, Texas, United States
Category Company
Founded 2010
Sector Electrical Equipment
DESCRIPTION

Principal Industries is a provider of electrical components, services, and software to the signage and architectural lighting industry, serving a diverse range of commercial end users, including retail, petroleum, quick-serve restaurants, banking, and automotive. Principal Industries was founded in 2010 and is based in San Angelo, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Electrical Equipment) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Missouri) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-17 SloanLED

San Angelo, Texas, United States

SloanLED is a designer and manufacturer of LED lighting systems for use in sign, spa, and optoelectronic applications. SloanLED was founded in 1957 and is based in San Angelo, Texas.

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