GUELPH, ON APR 12, 2023 — Brock Lupal, President & CEO of LUMINOR Environmental Inc. (“LUMINOR”), is pleased to announce that on April 6, 2023, TerraNova Partners LP (“TerraNova”) made a growth investment in LUMINOR. Myron Lupal, founder, and former CEO will remain engaged as a strategic advisor to the business, shareholder and as a member of the Board of Directors.
LUMINOR is a leading manufacturer of UV water disinfection systems, focused on serving residential, commercial, light industrial and municipal customers in over 55 countries around the world. LUMINOR holds industry-leading international certifications and has strong and growing relationships with many of the global leading water treatment companies.
“LUMINOR has been a dream come true to build and grow since it’s founding in 2010. The development of innovative products and growing relationships with our customers is a source of pride and an experience I will cherish going forward. Looking ahead, I am confident Brock and TerraNova will enhance LUMINOR’s legacy and continue to deliver best-in-class water treatment products,” said Myron Lupal.
“LUMINOR is an exciting company known for its innovative UV systems, reliability and exceptional customer service,” said Anthony Sigel, a Partner at TerraNova. “We look forward to building on the solid foundations built by Myron, Brock and the entire LUMINOR team, and will strive to continue to deliver best-in-class products and services to its customers.”
Brock Lupal, President & CEO, added, “LUMINOR has experienced extraordinary growth as increased awareness of the global drinking water safety crisis has led to heightened awareness and accelerating demand for UV water disinfection systems. With Terranova’s support, LUMINOR and LUMINOR’s customers, suppliers and employees will benefit from an increased focus on growth, innovation, deep industry relationships and an even stronger balance sheet.”
About TerraNova Partners LP:
TerraNova Partners LP is an operationally focused family office that seeks to partner with excellent people and invest in companies with strong growth prospects. TerraNova has offices in Toronto and New York. For more information visit: www.terranovapartners.com.
About Brock Lupal:
Brock Lupal joined LUMINOR in May 2016. Brock has 8+ years of experience in the water industry and has had progressive roles at LUMINOR, principally focused on sales, innovation, and operations. Brock holds a B. COMM degree from Carleton University.
About FirePower Capital
FirePower Capital is the private capital and M&A advisory firm built for Canada’s entrepreneurs. Our team of 60+ professionals help mid-market business owners complete mission-critical transactions, by advising them or investing in their companies directly. www.firepowercapital.com
Source: LUMINOR WEBSITELinkedIn Source: LUMINOR LinkedIn Post
CONTACTS
LUMINOR Environmental Inc.
519−837−3800 x223
blupal@luminoruv.com
Anthony Sigel, Partner
TerraNova Partners
416−644−6000 x300
ams@terranovapartners.com
