Qualite Sports Lighting LLC Acquires Universal Sports Lighting (USL) The acquisition through parent company Worth Investment Group will expand Qualite's current product offerings
JACKSON, Mich., July 23, 2013 /PRNewswire/ -- For over 30 years, Qualite Sports Lighting, of Hillsdale Michigan, has maintained a respected presence in the sports lighting industry and is pleased to announce that Qualite Sports Lighting, LLC, through its parent company, Worth Investment Group, has acquired another respected entity in the sports lighting industry. The company, Universal Sports Lighting (USL), will enhance Qualite's ability to expand sports lighting technology capabilities and further grow Qualite's footprint in the industry.
Dave Herman, President of Qualite Sports Lighting, comments, "Qualite's acquisition of USL fits perfectly into our growth initiatives and will provide our customers with the broadest product offering in the sports lighting industry. Furthermore, Chuck Lindstrom, founder and owner of USL has agreed to continue working with our team through the transition. Chuck brings over 25 years of experience with him and we are pleased to have him on our team. All inventory and assets associated with the acquisition will be transitioned to Qualite's facilities in Hillsdale, MI as soon as practical."
Universal Sports Lighting (USL), located in Atlanta, Illinois, was founded in 1985 and has provided thousands of indoor and outdoor sports lighting solutions for venues from youth baseball and softball to professional sports stadiums worldwide since its inception. One of the most notable installations for USL was at US Cellular Field in Chicago, Illinois. US Cellular Field is home to MLB's Chicago White Sox.
USL Founder Chuck Lindstrom says, "With this acquisition, Qualite will be able to provide the market with horizontal optics, which allows for improved spill control and it eliminates tilt factor."
Eric Boorom, CEO and Managing Partner with Worth Investment Group adds, "USL's strong history and additional technology will integrate well with our existing operations at Qualite. Our focus on serving the needs of our customers while growing the company's presence in this industry is consistent with the goals of this acquisition."
About Worth Investment Group:
Worth Investment Group, LLC is a diversified private holding company focused on acquiring companies in the middle-market with valuations between $4 million and $20 million, partnering with management to build value and hold the companies for the long term. Founded in 2009, Worth Investment Group is based in Jackson, Michigan.
Qualite has been the sports lighting partner for high schools, colleges, parks and recreation departments, and minor league baseball clubs for over 30 years. With thousands of installations nationally and globally, Qualite has helped provide customers with lighting solutions that meet all requirements and exceed expectations for safety and efficiency. With the only 30 year warranty in the industry, Qualite continues to maintain quality customer relationships while continuing to be a credible resource for sports lighting inquiries.
With the newly patented GreenStar technology, Qualite now offers a cost-effective, state-of-the-art system that provides greater energy efficient lighting systems.
Qualite—the New Generation of Sports Lighting.
For more information, please visit www.qualite.com.
Name: Bill Smith Jr.
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SOURCE Worth Investment Group