Canadian Electrical Wholesaler

Juno Lighting Acuity

Juno Lighting AcuityAcuity Brands, Inc. has entered into an agreement to acquire all of the equity interests of Juno Lighting LLC, a leading provider of downlighting and track lighting fixtures for residential and commercial applications. Juno Lighting Group, a unit of Schneider Electric, serves electrical distributors, lighting showrooms, homecentres, contractors, architects, engineers, lighting designers and commercial facilitiesthroughout North America. Juno Lighting Group generates current annual revenues of approximately $250 million.

According to Vernon J. Nagel, Chairman, President, and Chief Executive Officer of Acuity Brands, “this strategic opportunity… will allow us to provide customers with an enhanced and broader set of lighting solutions for both residential and commercial applications. Juno Lighting Group is a widely-recognized and well-respected brand in the industry and its product offering is highly complementary, with minimal overlap, to our industry-leading portfolio.”

The terms of the agreement reflect a cash purchase price totalling approximately US$385 million. The acquisition is subject to regulatory approvals and other customary closing conditions. Management anticipates the acquisition will be completed in late 2015.

Headquartered in Atlanta, GA, Acuity Brands has fiscal year 2015 net sales of $2.7 billion and employs 8,000 associates in operations throughout North America, and in Europe and Asia.The company's products and solutions are sold under various brands, including Lithonia Lighting, Holophane, Peerless, Gotham, Mark Architectural Lighting, Winona Lighting, Healthcare Lighting, Hydrel, American Electric Lighting, Carandini, Antique Street Lamps, Sunoptics, RELOC Wiring Solutions, eldoLED, Distech Controls, and Acuity Controls.

Juno Lighting Group includes six brands: Juno, Indy, AccuLite, Aculux, DanaLite, and NaviLite. In 2014, Juno Lighting Group generated revenues of US$230 million and EBITDA ofUS$32 million.

 

Gurvinder ChopraBy Gurvinder Chopra

This June, Canadians will commemorate Electrical Safety Month; June also marks the fourth month of the COVID-19 pandemic national lockdown. For many Canadians, working from home has become the new normal. As confinement continues, the demand for constant power feed to connect to the world we now live, work, and play in at home has grown substantially. Homes are being equipped with new technologies that offer plenty of benefits, but they also place high demand on electrical systems at home, potentially causing serious safety risks. 

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Building Permits - MarchThe total value of building permits issued by Canadian municipalities decreased 13.2% to $7.4 billion in March, with declines reported in seven provinces and two territories. The $1.1 billion national decrease was the largest since August 2014. This reflected notable drops in Ontario (-12.9%), Quebec (-18.1%) and British Columbia (-19.4%), which coincided with efforts to slow the spread of COVID-19.

 Value of residential permits down

The total value of residential permits decreased 13.1% to $4.6 billion in March.

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Changing Scene

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Harold HayesHarold Hayes, a stalwart of the electrical industry, passed away peacefully in Scarborough, Ontario at the age of 90 on May 9, 2020.

Harold joined the industry as an apprentice at age 18, working first for his father’s business, Power Cable Installations, and then for Comstock. Among his later accomplishments, he formed Federal Pioneer Electric’s electric heating division, served as president of the Ontario Electric League in 1985, and while in his 80s consulted for Intellimeter Canada Inc.

 

 

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Sarah SilversteinBlake Marchand

Sarah Silverstein is a principal with Liteline along side her two brothers Mark and Daniel. Together, they lead the company founded by their father, Steve Silverstein, who retired in 2018.

Although she initially pursued a career in outdoor education, Sarah was instrumental in the company’s expansion into architectural lighting and the U.S. market. She joined Liteline as a project manager in between stints working in outdoor education. Now she leads Liteline’s U.S. distribution arm and marketing department.

 

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