Rick Edens, QSSI’s Chief Executive Officer said, “FX Lighting expands our product line with high performance products while serving a market sector we have wanted to enter. FX shares our fanatical attention to product reliability, USA production and speedy delivery. The efforts of the Merrimack Group once again led the way to a smooth and successful transaction for QSSI.”
Patrick Forbis, FX Lighting CEO, commented, “FX Lighting is a great fit with QSSI. I am truly excited for our existing customers and new customers knowing that QSSI and FX will exceed all of their needs and expectations. I’d like to thank all the FX employees who played such a major role in making this company what it is today, and will be in the future. They are now a part of QSSI, and their potential for success has no boundaries. I will miss them.”
QSSI intends to retain the FX Lighting brand and to produce and maintain inventory in all 6 of its North American facilities. The current product range provides a solid platform for growth within its sector and to expand with new products.
The transaction was completed on June 29, 2021. Terms were not disclosed. Merrimack Group served as advisor to QSSI.Tagged with acquisition, QSSI