EiKO Global announces expansion through the acquisition of Premise LED Inc.
FirePower’s M&A Advisory division is pleased to announce it was the exclusive sell-side advisor to Premise LED Inc. on its sale to EiKO Global.
Toronto (October 7th, 2021) EiKO Global Announces expansion through the acquisition of Premise LED Inc. Premise LED Inc. is a Canadian based lighting manufacturer and market leader dedicated to supplying the highest quality energy efficient lighting products coupled with an unparalleled level of customer service.
EiKO and Premise LED will combine forces to better serve the Canadian industrial and commercial retrofit and renovation markets. For decades, both companies have worked to continuously improve their respective market positions, delivering value-driven portfolios, best-in-class delivery service, differentiated and value-added service offerings, and unmatched responsiveness to their customers. Together EiKO and Premise LED become a top tier LED lighting manufacturer, offering a full portfolio of LED fixtures, LED lamps, customized fixtures, and an agnostic controls portfolio to satisfy any lighting application need.
“Having Premise join the EiKO family is very exciting. Our two brands will allow us to offer a more complete product portfolio. There are many similarities with both companies and together we will exceed our customers’ expectations,” said Stephen Lee, General Manager of EiKO Canada.”
Through this acquisition, the two brands will continue to offer the robust product lines they are known for; only now, their combined resources will provide customers with a broader portfolio, faster in-house lighting project services, and access to inventory through seven warehouses across North America. The teaming up of these two great brands will change the landscape of the Canadian lighting industry and set the new standard for quality, service, and speed to project completion.
“We couldn’t be happier joining forces. It is a rare situation where two companies are so aligned in terms of how they view their customers and the value proposition they approach the market with. For our customers, it’s really business as usual. But now, we will be able to fill in the gaps they’ve asked for over the years with the complete product offering from two brands,” said Gary Pounder, Director of Sales at Premise LED.
About EiKO LLC
EiKO LLC is global lighting manufacturer with offices in the United States, Canada, Europe, and APAC. EiKO is dedicated to key distribution partners and only sells through electrical distributors. EiKO has been solving the lighting needs of commercial and industrial end-users for over 40 years, offering a full suite of services and solutions, including intelligent lighting products and wireless controls, a complete range of LED lamps and indoor and outdoor LED fixtures to replace conventional systems, and a broad assortment of traditional products. EiKO offers real time quotation and availability, lighting layout tools, utility rebate tools, a payback calculator, project financing, and search and cross reference tools. For more information on EiKO, visit www.eiko.com.
About Premise LED Inc.
Premise LED was born in 2010 as CORE Products Canada Ltd. Started from a small warehouse in Hamilton, the concept was to offer energy efficient lighting products to the commercial and industrial market with a focus on providing Tier 1 product quality complemented by lightning-fast project services support. We are dedicated to being a new breed of lighting company: one that is faster, stronger, and smarter — all while putting the customer and their service experience at the forefront of every decision.
FirePower Capital acted as the exclusive sell-side advisor to Premise LED. For more information, visit www.firepowercapital.com.
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