LED Group acquires ATC Group
- Further advances combined business’s building electrification capability in UK and Ireland
- Marks first acquisition following Oaktree’s investment in LED Group, announced October 2024
Dublin, Ireland – 6th January 2025, LED Group, a premier platform for building electrification products and energy transition solutions with a portfolio including circuit protection and LED lighting products, today announced that it has acquired ATC, further diversifying LED Group’s product offering and enhancing its footprint across UK and Ireland. Headquartered in Dublin, ATC is a renowned brand in energy efficient, electric heating, hand drying solutions and automation controls across the UK and Ireland. Founded in 1991, the company provides award-winning advanced solutions to a broad range of sectors. More information can be found at https://www.atc.ie/
This marks a new chapter for ATC and provides the opportunity to grow its brand through LED Group’s more comprehensive commercial reach. ATC aligns well with the LED Group’s core values and its commitment to delivering high quality products and exceptional service to both wholesalers and electrical contractors. The addition of ATC’s energy efficient, electric heating, hand drying solutions and automation controls products strengthens LED Group’s portfolio across commercial, industrial, and residential segments, and further elevates its positioning in building electrification and energy transition.
ATC will continue to operate independently, and customers can expect continuity with the talented ATC team remaining dedicated to their existing roles. Brian Walsh, Managing Director of ATC, will continue to lead ATC with the full backing of LED Group’s extensive resources and support. ATC’s Founder and Chairman Ciaran O’Reilly will transition to a senior advisory role.
Mick G. Slein, LED Group CEO, said: “This partnership marks a new chapter for ATC and is another milestone in our building electrification buy and build strategy. We have watched ATC grow for many years and have taken inspiration from their customer-focussed approach. Together we know we can deliver an even better experience for customers across our markets, and we look forward to working alongside the ATC team to further assist in increased electrification and the transition to more sustainable buildings.”
Ciaran O’ Reilly (Founder) and Brian Walsh (Managing Director), said: “ATC has grown immensely over the past 34 years, and we are incredibly proud of the journey we have taken with our customers and suppliers. We believe this exciting new chapter with the LED Group will provide ATC with access to additional resources and new markets, whilst continuing to allow us to serve our customers with the same exceptional quality and innovation that they have come to expect from us. We look forward to ATC’s continued growth working alongside the LED Group.”
The transaction is expected to close in Q1 2025. Financial details were not disclosed. This transaction is subject to customary approval from the Competition and Consumer Protection Commission (CCPC).
About LED Group
LED Group operates through the ROBUS and FuseBox brands. ROBUS is a trusted supplier of lighting products for electrical contractors through the wholesale channel, while FuseBox is a leading circuit protection brand that facilitates energy transition installations and building electrification. LED Group’s experience has shown that high-quality products are only possible with electrical contractor-led design, hence the company aspires to optimise every single ROBUS and FuseBox product for ease of installation. The Group’s dedication to this ambition is why LED Group is synonymous with high-quality products that you can trust. LED Group is committed to sustainability and best practices in corporate governance, having achieved carbon neutrality since 2021 and maintained ISO 9001 certification for over 25 years.
LED Group is backed by funds managed by the Power Opportunities strategy of Oaktree Capital Management, L.P. (“Oaktree”).
About Oaktree
Oaktree is a leader among global investment managers specialising in alternative investments, with $205 billion in assets under management as of September 30, 2024. The firm emphasises an opportunistic, value-oriented, and risk-controlled approach to investments in credit, equity, and real estate. The firm has over 1,200 employees and offices in 23 cities worldwide. For additional information, please visit Oaktree’s website at www.oaktreecapital.com.
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