Private equity firm JMC Capital Partners has agreed to acquire rugged lighting specialist Phoenix in a deal that should see the Milwaukee-based company further expand.

As part of the deal, George Wordingham, President and fourth generation owner of Phoenix, will retire and sell his stake in 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,” he said.

This year, Phoenix is celebrating 75 years in the mining industry. Since 1943, it has been providing light, safety and productivity to mines worldwide. Its LED lights are used throughout the industry on earthmoving equipment, conveyors and elsewhere.

JMC will be investing in various growth opportunities for Phoenix and looking to increase its presence in the lighting industry, Phoenix said.

David Logan, Operating Partner at JMC, said: “We are pleased and excited to add Phoenix to the JMC portfolio as a new platform for rugged LED Lighting. 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, said the JMC deal presents great opportunities for the company’s future in this industry.

“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. JMC currently has 15 companies within its portfolio, according to its website.