Thermo Electron Corporation has sold Optronics to Prospect Partners

Lincoln Partners is pleased to announce that it represented Thermo Electron Corporation (NYSE: TMO) in the sale of its Optronics, Inc. subsidiary to Prospect Partners, a Chicago based private equity group.

Optronics, located in Muskogee and Fort Gibson, Oklahoma, is a leading provider of recreational and vehicular lighting products and related accessories to the North American automotive aftermarket, sporting goods and marine markets. Optronics’ product offering includes a wide array of auxiliary fog and driving lights; off-road, truck, recreational vehicle and trailer lights; spotlights; floodlights; marine and docking lights; and a variety of other niche, high-growth lighting products.

The Company’s NightBlaser trademark is one of the most widely distributed automotive and recreational lighting brands in the marketplace. Optronics’ customers include leading, high-growth retailers such as Wal-Mart Stores, Inc., Advance Auto Parts, Bass Pro Shops, Ames Department Stores, and a variety of other national retailers, specialty regional auto, sporting goods and marine retailers; feeders/wholesalers; mail order houses; OEMs; and government accounts.

Prospect Partners, L.L.C., is a Chicago-based private equity firm focused on middle market leveraged buyouts and recapitalizations. Portfolio companies include PAC Holding Company, a manufacturer of aftermarket automotive and truck accessories; and Marine Accessories Corporation, a manufacturer of marine accessories and canvas products.

Thermo Electron Corporation, with annual sales of approximately $2.5 billion, is the world’s leading manufacturer of measurement instruments that monitor, collect, and analyze information for a broad range of industries. The Company operates in four segments, providing services to biotechnology, pharmaceutical, clinical laboratory, healthcare, environmental, chemical, semiconductor, telecommunications, food and beverage, power generation, academic, and government clients.

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