LOS ANGELES, September 30, 2008 – Marlin Equity Partners is pleased to announce the acquisition of Diogen Lighting, Inc., a pioneer and leader in Light Emitting Diode (“LED”) lighting applications. Headquartered in Denver, Colorado, the company manufactures and markets a complete range of energy-efficient LED lights and accessories in Canada and the United States. Diogen provides customers with cost effective and environmentally friendly solutions that use 90% less energy than traditional lighting and last up to 50 times as long. The company’s products are sold to major retailers and to commercial contractors.
“We are excited about the addition of Diogen Lighting to Marlin’s portfolio of companies,” said Steve Johnson, a Principal at Marlin Equity Partners. “Through a comprehensive product portfolio, valuable intellectual property and a world class management team, Diogen is uniquely positioned to take advantage of enormous growth potential surrounding LED technology and its inherent advantages over traditional incandescent lighting.”
John Hayes, Diogen’s President and CEO, commented, “with Marlin as our new owner, we have gained a partner who not only shares our strategic vision for LED, but who also has the financial resources and mergers and acquisitions expertise to allow us to aggressively capitalize on the rapid LED adoption curve.” He added, “having shipped more LED light strings than any other company in the world, we look forward to providing our Canadian and U.S. customers with the highest quality LED string lights in the market place while we continue to introduce innovative LED products for use in retail and commercial applications.”
About Marlin Equity Partners
Marlin Equity Partners is a Los Angeles, California-based private investment firm focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs in special situations. Marlin Equity Partners invests in businesses across multiple industries that are in the process of undergoing varying degrees of operational, financial or market-driven change where our capital base, industry relationships and extensive network of operational resources will significantly strengthen a company’s outlook and enhance value. Since 2005, Marlin Equity Partners, through its group of funds and related companies, has successfully completed 25 acquisitions across a variety of industries. For more information, please visit www.marlinequity.com.
For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at email@example.com.