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Environmental Lights Announces The Acquisition Of City Theatrical

Jul 07, 2023•over 2 years ago

Acquiring Company

Environmental Lights

Acquired Company

City Theatrical

HospitalityGamingAudioManufacturing

Description

Environmental Lights, a leader in LED lighting solutions, announced that it has acquired City Theatrical, Inc and City Theatrical, Ltd (UK). The acquisition continues Environmental Lights' growth trajectory as it expands its footprint and product offerings in the scenic market.

Company Information

Company

Environmental Lights

About

Environmental Lights was founded in 2006 in San Diego, California, and has been listed on the Inc. 5000 as one of the fastest-growing private companies in America eight years in a row. Their work transforms environments in an array of industries, including retail display, entertainment, trade show/exhibit, hospitality, casino gaming, and residential and commercial construction. Learn more at EnvironmentalLights.com or by speaking with a sales engineer at (888) 880-1880.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed