Lumenpulse Group Acquires Sternberg Lighting

Spec-grade lighting manufacturer Lumenpulse Group, Longueuil, Quebec, has acquired 80% of the equity interest of Sternberg Lighting, Roselle, IL, an employee-owned manufacturer of architectural outdoor and area LED lighting.

Terms of the deal were not disclosed. Sternberg’s remaining 20% equity will remain in employee hands and it will operate as an independent company but with the benefits of new technology and the supply chain partnership provided by the acquisition, according to a Lumenpulse release.

"We are delighted to welcome Sternberg as part of the Lumenpulse Group," said Francois-Xavier Souvay, CEO of the Lumenpulse Group. "The transaction is in line with Lumenpulse Group's growth strategy. As many U.S. markets begin to revitalize their urban environments to the latest LED technologies Sternberg is an important acquisition for street, area and municipal lighting."

Sternberg Lighting was founded in 1923 and has grown by combining the vintage look of decorative styled luminaires with today's demands for sustainability and energy conservation. The company has been most active in the U.S. market, with more than 450,000 installations including many municipal landmark projects and university campuses such as MIT and Notre-Dame.

Joe Waldau, president and CEO of Sternberg Lighting, will continue in his current position while Mark Dean, vice president of marketing and business development, will become chief operating officer, overseeing all day-to-day activities of the company.

"Sternberg was built on a foundation of providing sturdy lighting products and excellent customer service for the architectural lighting community," Waldau said in the release. "We are thrilled to be joining the Lumenpulse Group and to continue to develop long-term value for our clients and employees, building on the important legacy of this company."