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Phoenix teams up with JMC
(Posted on 11/09/18)
Phoenix is proud to announce its new partnership with JMC Capital Partners of Boston, Massachusetts.
George Wordingham, President and fourth generation owner of Phoenix, has announced his retirement and confirmed the sale of his share of 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. The trust our customers have in us is something money can’t buy, so it’s important to everyone to keep this story going.”
For decades, Phoenix has been providing light, safety and productivity to port and terminal equipment worldwide. In this time, the company has built an unmatched reputation of quality, durability, innovation and exceptional service. It’s something that everyone at Phoenix is very proud of and looks forward to expanding on with this recent announcement.
JMC will be investing in various growth opportunities for Phoenix and looking to grow its presence in the lighting industry. “We are pleased and excited to add Phoenix to the JMC portfolio as a new platform for rugged LED Lighting,” said David Logan, Operating Partner at JMC. “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, shares his enthusiasm for this next step. “JMC presents great opportunities for our future in this industry,” states Fredrick, “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.
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