Mount Vernon, N.Y.-based Applied UV, Inc., a leader in applying narrow-range ultraviolet light (UVC) for surface areas and catalytic bioconversion technology for air purification to destroy pathogens safely, thoroughly, and automatically has completed its mergers with PURO Lighting, LLC and LED Supply Co.
The merger is expected to generate combined annualized sales of approximately $45-$50 million in 2023, strengthening the company’s position as a global leader in patented UV disinfection solutions.
The PURO merger further positions the company to address a growing air disinfection market trend that aligns with the White House “Clean Air Initiatives” implemented during the height of the COVID-19 pandemic designed to protect consumers and businesses against existing and future airborne pathogens and allowing economies globally to remain open. The merged entities offer applications that can now be included in improving indoor air quality (IAQ) at the facility level including HVAC systems in public, government, municipal, retail spaces, and buildings. It also positions Applied UV to be one of the only companies in the world to offer a complete air and surface disinfection platform that includes consumer, fixed and mobile and commercial applications that are research backed, clinically tested, and used by global Fortune 100 end users in multiple verticals.
“There are great synergies between current Applied UV companies and PURO Lighting,” said Max Munn, CEO of Applied UV, Inc. “We each have deep strengths in various categories and industries, and now we have complementary category expertise where our portfolio of products can serve a much broader market. Importantly, these mergers expand our addressable market significantly, and PURO’s strong, strategic relationship with Acuity and national distributors provides us with additional opportunities to advance our growth agenda and increase returns for our investors.”
Furthermore, the PURO “IAQ” HVAC monitoring software allows Applied UV to incorporate this application into its entire next generation air and surface disinfection platforms. By connecting its devices, this will enable facilities to fully monitor indoor air quality, further differentiating the company.
In addition, the mergers will allow Applied UV to access and build upon PURO’s existing strong commercial relationship with Acuity Brands, Inc. as well as its distributor network which includes Grainger Inc., further positioning the company for significant growth.
Combining the companies creates one of the broadest portfolios of patented air disinfection and purification technologies capable of addressing every major commercial market, including hospitals and assisted living facilities, schools, government, and military buildings, prison systems, hotels, commercial buildings, and food transportation and storage to extend the shelf life of agricultural products.
Applied UV will now have a larger team to collaborate on sales and marketing strategies, new product development, engineering, and potentially new acquisitions that could lead to revenue growth for investors and value for customers.