Energy Focus Inc. (OTC: EFDI) sold its Fiberstars pool lighting business to S.R. Smith. Terms of transaction were not disclosed.
EdgePoint capital served as the exclusive sell-side advisor to Energy Focus throughout the sales process. EdgePoint Capital initiated the transaction, including identifying and contacting S.R. Smith on behalf of Energy Focus, led the negotiations, and served as the exclusive financial advisor for Energy Focus.
Founded in 1985, Energy Focus manufactures light-emitting diode (LED) and fiber optic pool lighting to the pool manufacturers, installers and dealers. Fiberstars offers industry leading lighting solutions for commercial and residential pools and spas.
S.R. Smith, is a worldwide leader of residential, commercial and pool lift deck equipment. Founded in 1932, S.R. Smith is headquartered in Canby, Oregon with additional manufacturing in Portland, TN.
EdgePoint is a leading investment banking firm focused on providing lower and middle market owners with merger and acquisition advisory services.