An RGBW product line with brand name recognition and consisting of a family of LED RGBW Downlight, Flood, and Facade products, and related controls is being offered for acquisition. The technology delivers fine-tuned pastel colors and saturated hues without sacrificing illumination brightness.
This RGBW business unit was acquired in Q1, 2022 by a custom linear lighting company. Subsequently, with a new executive team in place earlier this year, the Company, a profitable $20M business, has decided to divest the RGBW product line to focus all resources on the development of its core linear LED product lines.
Since acquisition, the Company has achieved ~$500,000 in RGBW revenue through Q2, 2023, with gross margin of 70+%. Additionally, open quotations are in excess of $2M.
For further information contact:
Mike Gagnon
President
Alumage Advisors, LLC
