Grakon LLC Acquires BMAC Limited

Seattle, WA, October 5, 2016 – Grakon LLC (www.grakon.com), a global leader in the design and manufacture of custom LED interior and exterior lighting solutions, heavy duty work lamps, engineered trim components, and electronic modules, announced the acquisition of BMAC Limited, located in Manchester, England. Grakon, headquartered in Seattle, WA, was acquired by Industrial Growth Partners IV, L.P. (IGP) in October 2014.

Grakon President and CEO, Dave Paborsky commented, “We are very pleased to bring BMAC into the Grakon family. BMAC immediately gives us a leadership position in the U.K. rail and bus markets. The acquisition accelerates our continued growth in Europe and further diversifies and broadens the end markets we serve.”

Mark Rutherford, Managing Director of BMAC added, “We are very excited to be joining forces with Grakon. The global footprint, combined with world leading design and development capabilities will help us to better serve our rail and bus customers with access to the latest technology supported by a truly global supply chain”. “The combination of industry leading expertise, new markets, geographic expansion and available products is a powerful tool to assist Grakon’s worldwide customers in meeting their lighting and electronics component needs,” noted Paborsky.

Acquisition Details – On October 3,2016, Grakon LLC acquired BMAC Limited, supported with additional equity from Industrial Growth Partners IV, L.P., management and certain outside investors. IGP and Grakon continue to seek add-on acquisitions that can enhance Grakon’s position as a leading global designer and manufacturer of advanced lighting and electronics systems.

ABOUT GRAKON

Headquartered in Seattle, Washington, Grakon was established in 1978 and is a global leader in the design and development of advanced lighting and electronic systems, and engineered trim components for premier OEM customers in the heavy truck, rail, bus and powersports markets. In May 2016, Grakon acquired Hamsar Diversco, located in Burlington, Ontario, Canada. Hamsar designs, manufactures, and assembles external lighting and electronics products for the snow plow, bus, off-road/power sports, heavy truck and other vehicular end markets.

Grakon’s expertise and innovative designs have led to a preferred supplier status among our OEM customers. Our design expertise includes industrial, mechanical, electrical, and optical design. Grakon has a mature ISO 9001:2000, TS16949 & ISO14001 customer orientated, process based Quality System and Program Development System. For more information please visit www.grakon.com.

ABOUT BMAC

Headquartered near Manchester, England and founded in 1927, BMAC is a leader in designing, manufacturing and distributing LED lighting and electronic control systems for the European rail, bus and tram markets. Products include exterior and interior light fittings, switch assemblies, control panels, bell pushes and other electromechanical components. Recent product introductions include the market’s first LED rail lighting solution which is fully compliant with the European EN15153-1 exterior rail lighting standard and a self-powered wireless bell push system for buses. BMAC is ISO 9001:2008 approved and RISQS (f.k.a. Link-Up) qualified to serve the needs of the U.K. railway infrastructure. For more information please visit www.bmac.ltd.uk.

Media contacts:

Contact Kevin Hare at (206)-824-6000 or kevin.hare@grakon.com