Legrand, North and Central America (LNCA), today announced the acquisition, subject to closing, of Focal Point, a Chicago-based privately held manufacturer of architectural lighting products with a 25-year record of accomplishment of exceptional products; short lead times; proven manufacturing capabilities and strong relationships with specifiers and contractors.
This acquisition is Legrand’s fifth addition to its Lighting Sector and marks the company’s elevation to a full solutions provider in the architectural lighting space. Legrand provides a high degree of autonomy to its lighting companies and supports Focal Point’s business leadership team in the pursuit of innovation and growth. Legrand’s scale and infrastructure will allow Focal Point to deliver innovative lighting solutions to their customers, faster and with capabilities that are more robust.
"Today’s acquisition of Focal Point aligns with Legrand’s strategy of investing in companies with shared vision and values, customer centric culture and focus on complementary market segments," said LNCA President and CEO, John Selldorff. "Focal Point’s strong brand, proven relationships and impressive product portfolio aligns well with our architectural lighting businesses and I’m confident this acquisition will expand not just Legrand’s portfolio but our capacity to serve new market segments and customers."
"Over the last 25 years, we’ve built a company I’m truly proud of. This is thanks to our dedicated team, and also to our agents who have played a pivotal role in our success," said Peter Thornton Sr., Founder and Chairman of Focal Point. "Legrand has a history of investing in the companies it acquires to foster and accelerate their growth. With this transaction, we will be able to leverage Legrand’s capabilities to deliver even more comprehensive solutions that will further our collective success. We will continue to provide the superior service and high quality, innovative products the market expects along with the additional benefit of Legrand’s expertise."
Legrand is the global specialist in electrical and digital building infrastructures. Its comprehensive offering of solutions for use in commercial, industrial, and residential markets makes it a benchmark for customers worldwide. Drawing on an approach that involves all teams and stakeholders, Legrand is pursuing its strategy of profitable and sustainable growth driven by acquisitions and innovation, with a steady flow of new offerings—including connected products stemming from Legrand’s global Eliot (Electricity and IoT) program. Legrand is one of the most sustainable companies in the world, as ranked by the Corporate Knights, and is committed to achieving carbon, water, and waste reductions in its operations, deepening its community relationships, and continuously improving the environmental profile of its products. Legrand reported sales of around $7.4 billion (USD) in 2019. Legrand has a strong presence in North and Central America, with a portfolio of well-known market brands and product lines. Legrand is listed on Euronext Paris and is a component stock of indexes including the CAC40, www.legrand.us.
Focal Point is a Chicago-based, vertically integrated architectural lighting manufacturer like no other. For over a quarter of a century, guided by our belief that great lighting isn’t just about meeting technical design requirements – it’s about people and enhancing their experience in the spaces they inhabit – our focus has been on creating superior luminaire designs that stand the test of time while comfortably defining the space. Staying true to our design credo, we are now integrating lighting and sound management using beautifully simple forms to complement architecture, deliver optimal illumination, and control sound. Learn more about our people, approach, and why we value trusted partnerships by visiting our web site at www.focalpointlights.com.
Lazard has acted as a financial advisor to Legrand in connection with the transaction.
XMS Capital Partners has acted as a financial advisor to Legrand in connection with the transaction.