Oaktree-backed LED Group completed the acquisition of ATC.

Oaktree-backed LED Group, an electrification products and energy transition solutions platform, completed the acquisition of ATC, an energy efficient electric heating, hand drying and automation controls solutions provider. Financial terms were not disclosed. “This partnership marks a new chapter for ATC and is another milestone in our building electrification buy and build strategy. We have watched ATC grow for many years and have taken inspiration from their customer-focussed approach. Together we know we can deliver an even better experience for customers across our markets, and we look forward to working alongside the ATC team to further assist in increased electrification and the transition to more sustainable buildings,” Mick G. Slein, LED Group CEO.