Orion improves maintenance service with latest acquisition
In January 2022, Orion announced it had entered into an agreement to acquire Stay-Lite Lightning (Stay-Lite), a domestic lighting and electric maintenance service provider based in Pewaukee, WI. Stay-Lite provides self-performing services such as indoor and outdoor lighting repairs, sign repairs, and manufacturer warranty support in 15 states, with a nationwide network of service coverage. Additionally, it generates an estimated $9.0 million in revenue annually. This acquisition displays Orion’s continued efforts to strengthen its lighting maintenance operations. Furthermore, it expands its domestic footprint and customer base.
Competition|New Activity|M&A|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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