Aerospace, Defense & Space, Diversified Industrials
Apollo Video Technology LLC Has Been Acquired by Luminator Technology Group
Published May 15, 2017
FOR IMMEDIATE RELEASE // SEATTLE, WASHINGTON – Meridian Capital LLC is pleased to announce the acquisition of its client Apollo Video Technology, LLC by Luminator Technology Group, a portfolio company of Audax Private Equity. Meridian served as the financial advisor to Apollo and its shareholders in the transaction with Audax.Huntington Capital Investment Company funded the financing. The recapitalization provides the Company with fresh capital to support the growth objectives and strategic initiative of management and the financial sponsor group.
ABOUT APOLLO VIDEO TECHNOLOGY
Apollo, established in 2004 by Rodell Notbohm and Ying Chang with headquarters in Bothell, Washington, is a leading manufacturer of integrated video surveillance, fleet, and information management solutions. The Company provides its solutions for public transit, rail, school transportation, law enforcement, military, commercial transportation, fire and EMS applications. With public and private-sector installations throughout North America and worldwide, Apollo’s mobile video and audio recording system provides exceptional video quality with management software optimized for wireless downloading and live video streaming. Since 2004, the Company has supplied its system to over 400 agencies worldwide, representing more than 30,000 implementations.
ABOUT LUMINATOR
Luminator, founded in 1928 and headquartered in Plano, Texas, is a group of companies that manufacture and integrate passenger information, lighting, and display solutions for the bus, rail, and aerospace markets worldwide. With sales, manufacturing, and engineering capabilities on four continents, Luminator has built an impressive family of brands including: Axion, Lawo, BMG|IMS, Luminator, Focon, Mobitec, Gorba, and VSN Networks. Apollo will be integrated into Luminator’s mass transit division and will remain operating under the Apollo brand. Audax acquired Luminator from Leichtman Capital Partners in 2014, and has supported Luminator in its promise to provide innovative solutions that meet the demands of the diverse global transportation industry.Regarding the transaction, Rodell stated:
“Meridian Capital, with its experience and deep knowledge of our industry and the private equity universe, not only helped us find the ideal cultural and strategic fit in Audax/Luminator, it also provided a highly customized solution to meet all of the deal term goals and objectives that were important to us.”
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About Meridian Capital
Meridian Capital LLC is a leading independent middle market M&A advisory firm with locations in Seattle, Salt Lake City, the Bay Area, and Portland. Meridian has served as a trusted advisor to business owners on complex corporate finance, M&A and strategic challenges for over 29 years. The firm differentiates itself through its deep industry insights, highly customized service approach, and end-to-end commitment to execution. With a unique combination of financial, transactional, and operational professionals on your side, Meridian offers the depth and breadth of experience required to serve leading middle market companies in multiple sectors including aerospace defense & space, food, beverage & agribusiness, business services, consumer, diversified industrials, engineering & construction, building products, technology, and telecommunications. Meridian also offers clients unparalleled cross-border capabilities through its REACH M&A Partners network.
