Collingwood’s management team, led by Steve Grao, CEO, will retain a significant stake in the company. Ambienta’s partnership with Collingwood will enable the management team to pursue a combination of organic and inorganic growth initiatives with the strategic vision to create a pan-European market leader within LED luminaires.
Steve Grao, CEO of Collingwood, said: “I am proud of what Collingwood has achieved so far and I look forward to accelerating growth by taking advantage of the many growth drivers I see on the market, including acquisitions. I truly believe Ambienta, as the leading European Private Equity investor in sustainability, is the right partner to enable Collingwood to reach the next level.”
Matthew Norrington, Principal at Ambienta, said: “We are backing a first-rate and proven management team who have a clear strategic vision and strong ambition to transform Collingwood into a leading Pan European LED luminaires provider.”
Francesco Lodrini, Partner at Ambienta, said: “Collingwood fits perfectly with our strategy of supporting mid-sized companies backed by long-term sustainability trends to expand organically and through international M&A. This is the second acquisition completed by Ambienta in the UK in the last 12 months, further confirming our long-term commitment to a strategic region.”
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