M&A Deal Summary

SiteWorx Software Acquires Digital Lumens

On April 10, 2023, SiteWorx Software acquired electrical equipment company Digital Lumens from Skyview Capital

Acquisition Highlights
  • This is SiteWorx Software’s 1st transaction in the Electrical Equipment sector.
  • This is SiteWorx Software’s 1st transaction in the United States.
  • This is SiteWorx Software’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2023-04-10
Target Digital Lumens
Sector Electrical Equipment
Buyer(s) SiteWorx Software
Sellers(s) Skyview Capital
Deal Type Add-on Acquisition

Target

Digital Lumens

Boston, Massachusetts, United States
Digital Lumens is a designer and developer of LED lighting systems for commercial and industrial sectors. The company specializes in intelligent lighting systems for industrial and commercial buildings. Digital Lumens was founded in 2008 and is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

SiteWorx Software

Shrewsbury, Massachusetts, United States
Category Company
Sector Software
DESCRIPTION

SiteWorx Software helps thousands of facilities around the world reach their sustainability goals by monitoring and reducing energy and other resource consumption. Advanced lighting controls provide electricity savings beyond what just an LED fixture can attain, but also deliver operational data and create an expandable wireless network overhead. SiteWorx Software is based in Shrewsbury, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

Skyview Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Skyview Capital is a private investment firm that targets divestitures of larger public corporations. Skyview focuses primarily on legacy, mature businesses in technology, business services, software, and niche manufacturing. Other areas of interest include networking solutions, information systems, transaction processing, logistics, and supply chain management. Skyview prefers business units located in North America with revenues of at least $10 million. Skyview Capital was formed in 2003 and is based in Los Angeles, California.

DEAL STATS #
Overall 10 of 11
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 8 of 9
State (Massachusetts) 2 of 2
Country (United States) 9 of 10
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-06 Encelium

Markham, Ontario, Canada

Encelium offers an Energy Management System (EMS), an addressable lighting control system that uses the collaborative power of addressable networking technology in conjunction with advanced control hardware and software. Encelium is based in Markham, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-24 Continuum Global Solutions

Dallas, Texas, United States

Continuum Global Solutions provides outsourced communications and services to enterprise customers. Continuum Global Solutions was established in 2019 and is based in Dallas, Texas.

Sell -
Mergr

Product

Company

Legal