Sperry Mitchell Advises Litecontrol on its Sale to Hubbell Inc.
New York, NY (April 16, 2014) – Litecontrol Corp. (“Litecontrol” or the “Company”) of Plympton, MA has been acquired by Hubbell Inc. (NYSE:HUB.B) of Shelton, CT. Sperry, Mitchell & Company, Inc. served as exclusive financial advisor to Litecontrol.
Litecontrol Corp. (www.litecontrol.com) is a leading designer and manufacturer of quality architectural interior lighting fixtures. For over 75 years, the Company has offered innovative and sustainable lighting solutions for a range of commercial and institutional buildings across the United States and worldwide. The Company’s innovative designs earned it the industry’s first Cradle to Cradle Certification in 2008. Litecontrol was founded in 1936 and is located in Plympton, Massachusetts.
Hubbell Inc. (NYSE:HUB.B) (www.hubbell.com) is an international manufacturer of quality electrical and electronic products for a broad range of non-residential and residential construction, industrial, and utility applications. With 2013 revenues of $3.2 billion, Hubbell supplies a comprehensive range of indoor and outdoor lighting products and is the largest manufacturer of residential lighting fixtures in North America. The company operates manufacturing facilities in the United States, Canada, Switzerland, Puerto Rico, Mexico, the People’s Republic of China, Italy, the United Kingdom, Brazil, and Australia. The company was founded in 1888 and is headquartered in Shelton, Connecticut.
Sperry, Mitchell & Company, Inc. (www.sperrymitchell.com) is an investment banking firm specializing in middle-market merger and acquisition advisory services. Since the firm’s founding in 1986, Sperry Mitchell has completed hundreds of transactions in a wide range of industries, with values ranging from $10 to $450 million.
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