Novacap-backed Globe Electric completed the acquisition of HeathCo from Transom Capital.

Novacap-backed Globe Electric, a company specializing in the development and manufacturing of consumer lighting, completed the acquisition of HeathCo, a supplier of security lighting and door chimes, from Transom Capital. Financial terms were not disclosed. "The acquisition of HeathCo marks a new chapter in Globe's strategic development, and we are confident that their portfolio will enhance our competitive position in the outdoor security solutions market. This will be especially important as we continue to focus on developing new distribution channels across North America. Providing innovation and variety to our customers remains a priority for us, and we are confident that this acquisition will ensure that we continue to deliver above and beyond for our customers," Edward Weinstein, Globe CEO.obe. "