HomeIndustryExaktera LLC acquires Advanced Illumination Inc.

Exaktera LLC acquires Advanced Illumination Inc.

Exaktera LLC, a portfolio company of Union Park Capital is pleased to announce the acquisition of Advanced Illumination.

The acquisition was made with an ulterior motive of combining the world-famous LED solutions of Advanced Illumination with the pre-existing technologies and capabilities of Exaktera. 

On 6th September 2022, Exaktera LLC recently acquired Advanced Illumination Inc., a company that designs and manufactures LED lighting assemblies. Combined with optical and thermal designs and techniques, Advanced Illumination creates LED components, strobe sources, and current mode drivers. It was established in 1993 and has partnered with integrators, distributors, and OEMs to solve the most challenging problems of advanced lighting. 

What Do The Leaders Have to Say?

Phil Martin, the CEO of Exaktera in this regard, said that the products created by Advanced Illumination, especially LED solutions, are highly complementary to the existing capabilities of Exaktera. Coming together of both companies will serve the customers better. 

John Tharakill will remain the President of Advanced Illumination Inc. He believes this acquisition is a great opportunity for Advanced Illumination and all its employees to grow to the next level. The technical resources and global sales acquired will enhance the value provided to the customers. 

About Advanced Illumination Inc. 

Advanced Illumination Inc is headquartered in Rochester, Vermont, and offers a complete illumination solution for the customers’ unique lighting requirement. It has extensive experience designing and manufacturing LED solutions and expertise in overcoming high-end solutions challenges. 

About Exaktera LLC

Exaktera is a portfolio company of Union Park Capital. It creates critical components that empower the precision performance of OEMs. It helps meet the demand for automation and machine vision across various applications. Exaktera works to enable improvements in efficiency, safety, and productivity. 

About Union Park Capital

Union Park Capital is a private equity firm that stresses companies that deal with lower middle market industrial technology. It is based in Boston, MA, and holds expertise in the industrial technology sector with some significant investments. It helps its clients drive value creation by growing a business profitably.

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