ERP Power LLC (ERP), a portfolio company of Angeles Equity Partners LLC (Angeles), and a provider of smart and connected LED drivers for the lighting industry, has announced the acquisition of Lumenetix Inc. (Lumenetix). Lumenetix is the creator of the araya5 tunable color light engines and digital controls designed to deliver interactive lighting experiences. The combination of patented tunable light from Lumenetix and power from ERP provides lighting designers with an independent driver, light engine and digital controls embedded system. The innovative form factor is designed to reduce original equipment manufacturer complexity and accelerate LED lighting fixture time to market.
“We believe the combined company is uniquely positioned to deliver a differentiated and compelling value proposition to the lighting industry,” says Timothy Meyer and Jordan Katz, co-founders and managing partners of Angeles Equity Partners. “ERP and Lumenetix are well positioned to capitalize on the IoT digital controls and full spectrum lighting industry trends.”
The patented technologies from ERP and Lumenetix simplify the deployment and control of LED lighting installations to deliver accuracy, control, and consistency. The integration of power conversion and digital controls matched to the form and function of the light engine enables the vision of tunable light and power. The combined company delivers the broadest array of controls integration with support for Acuity Fresco, Avi-On, DALI, DMX, LeGrand WattStopper, Lutron EcoSystem, and Xicato to provision a lighting project with dozens to thousands of fixtures.
“Our integrated system enables lighting fixture designers to preserve their brand, facilitate luminaire design, and accelerate time to market for specification grade fixtures with best-in-class quality of light, power density, and digital controls flexibility,” says Michael Archer, founder and CTO of ERP.
The Lumenetix araya5 Tunable Color feature set, powered by ERP programmable LED drivers, replicates full spectrum sunlight; provides access to a gamut of pastels and saturated colors; and delivers eflicker-free dimming to 0.1 percent for architectural, commercial, retail, hospitality and entertainment applications.
“Two technology leaders focused on enabling broad adoption of tunable light and power across multiple markets is compelling,” says Jim Kingman, founder and former CEO of Lumenetix and executive vice president of ERP. “I am looking forward to playing a key role in the combined business.”
In conjunction with the transaction, two of the lighting industry’s most influential individuals – Jed Dorsheimer and Doug Herst are joining the ERP Board of Directors. Jed Dorsheimer is currently managing director and senior analyst at Canaccord Genuity. Previously Jed served as vice president, Acuity Brands, a Fortune 500 company where he served as VP, Commercial Office and VP, Corporate Development. His twenty years of industry leading experience earned him recognition by Lux Magazine in 2014 as the fifth most influential person in the lighting industry worldwide. Doug Herst is the founder of Lumenetix and venerable lighting industry maverick. With over twenty utility patents and more than fifty design patents Doug pioneered indirect lighting over two decades as CEO of Peerless Lighting, now a division of Acuity Brands.
Irell & Manella LLP provided legal counsel to ERP and Angeles. O’Melveny & Myers LLP served as the legal advisor to Lumenetix in the transaction.