American Industrial Partners Acquires Current (powered by GE)
April 1, 2019
American Industrial Partners (AIP) has completed the acquisition of Current, powered by GE, from General Electric. Current — a provider of LED lighting, intelligent controls, sensors and software for commercial, industrial and municipal customers — will continue to use the GE brand under a long-term licensing agreement as it operates under AIP ownership.
- Buyers
- American Industrial Partners
- Targets
- Current (powered by GE)
- Sellers
- General Electric
- Industry
- Energy
- Location
- Massachusetts, United States
- Transaction Type
- Divestiture
Explore More
Related Acquisitions
-
ArcLight Capital Partners Acquires Advanced Power
July 24, 2025
Energy
ArcLight Capital Partners has acquired Advanced Power and committed an initial $1 billion equity investment to accelerate development of modern power infrastructure. The partnership could deploy more than $5 billion over five years to support over 20 GW of new generation and 10+ GWh of storage, targeting utilities, data center developers and hyperscalers across North America.
-
American Industrial Partners Completes Take-Private Acquisition of Boart Longyear
April 10, 2024
Industrial Services
American Industrial Partners (AIP) completed a court-approved take-private acquisition of Boart Longyear Group Ltd., acquiring all outstanding shares and taking the company private. AIP said it will partner with Boart Longyear management to deploy operational capabilities (product engineering, aftermarket, procurement, LEAN, IT, finance) and invest to accelerate growth in the company's drilling services, equipment manufacturing, and orebody-knowledge technology businesses.
-
American Industrial Partners Acquires Strike, LLC
February 14, 2022
Energy
American Industrial Partners (AIP) acquired substantially all of the assets of Strike, LLC in a transaction that follows Strike’s reorganization and debt reduction. AIP has positioned Strike as a new platform investment for its Fund 7 to support the company’s turnaround, growth, and improved service delivery across North America.
-
Current (GE Current) Acquires Hubbell Commercial and Industrial Lighting Business
October 26, 2021
Industrial Services
GE Current, now branded as Current, entered into a definitive agreement to acquire Hubbell Incorporated’s commercial and industrial (C&I) lighting business. The combined company is intended to create a premier end-to-end lighting solutions business spanning professional lighting, lighting controls, and connected lighting, with closing targeted for the first quarter of 2022 (subject to approvals).
-
Industrial Growth Partners Acquires AEM
September 13, 2021
Manufacturing
Industrial Growth Partners (IGP), in partnership with management and certain outside investors, acquired AEM (Holdings) Inc., AEM Group Limited and subsidiaries, creating a new platform investment to accelerate the company's growth. Founders Daniel and Cai Li Chang sold the company but retain a significant minority equity stake; Daniel Chang was named Chairman and Rick Busch was appointed CEO.
-
Allied Industrial Partners Acquires CAT Entertainment Services (rebranded CES Power)
July 22, 2021
Industrial Services
Allied Industrial Partners LLC (AIP) acquired CAT Entertainment Services—a portable/mobile power generation, distribution and temperature control business carved out from Ring Power Corporation—and will rebrand the business as CES Power. Ring Power will retain a minority stake; AIP plans to grow the business as a standalone platform and pursue organic expansion and add-on acquisitions to accelerate growth.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.