Phoenix is proud to announce its new partnership with JMC Capital Partners of Boston, Massachusetts.
George Wordingham, President and fourth generation owner of Phoenix, has announced his retirement and confirmed the sale of his share of the company to JMC.
“I’m happy to be putting Phoenix in a position for long-term growth while also preserving the importance of its history in the industries we’ve served for decades. The trust our customers have in us is something money can’t buy, so it’s important to everyone to keep this story going.”
This year, Phoenix is celebrating 75 years in the mining industry. Since 1943, Phoenix has been providing light, safety and productivity to mine sites worldwide while building an unmatched reputation of quality, durability and innovation. It is something that everyone at Phoenix is very proud of and looks forward to expanding on with this recent announcement.
JMC will be investing in various growth opportunities for Phoenix and looking to grow its presence in the lighting industry.
“We are pleased and excited to add Phoenix to the JMC portfolio as a new platform for rugged LED Lighting,” said David Logan, Operating Partner at JMC.
“Phoenix’s management team has done an excellent job at growing their business, and we look forward to continued success.” Scott Fredrick, CEO of Phoenix, shares his enthusiasm for this next step. “JMC presents great opportunities for our future in this industry,” states Fredrick, “As a 126 year-old manufacturer, we know the value of adaptability and perseverance. JMC’s strategy is a perfect fit for Phoenix and its plan for long-term growth.”
Phoenix will continue to operate out of its Milwaukee location. All employees will remain as will the commitment Phoenix has to its customers.
Read the article online at: https://www.globalminingreview.com/mining/10092018/phoenix-to-expand-in-mine-lighting-market-jmc-to-invest-in-growth-opportunities/