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Savant Systems
Savant Systems Inc. is a home automation company headquartered in Hyannis, Massachusetts, United States. The company was founded in 2005 and is privately held. It has 200 employees at its headquarters and a further 700 through its subsidiary GE Lighting. Savant Systems is the parent company of GE Lighting, which it bought from General Electric in May 2020. Neither company disclosed the price but the ''Wall Street Journal'' reported that it was $250 million. GE Lighting employs 700 people at the historic Nela Park in East Cleveland, Ohio. In 2014 the private equity company KKR KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global investment company that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strateg ... invested $90 million in Savant Systems, valuing the company at $200 million at the time. References 2005 establishments in Massachusetts 2020 merg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on '' Forbes'' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and services ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hyannis, Massachusetts
Hyannis is the largest of the seven villages in the town of Barnstable, Massachusetts, in the United States. It is the commercial and transportation hub of Cape Cod and was designated an urban area at the 1990 census. Because of this, many refer to Hyannis as the "Capital of the Cape". It contains a majority of the Barnstable Town offices and two important shopping districts: the historic downtown Main Street and the Route 132 Commercial District, including Cape Cod Mall and Independence Park, headquarters of Cape Cod Potato Chips. Cape Cod Hospital in Hyannis is the largest on Cape Cod. Hyannis is a major tourist destination and the primary ferry boat and general aviation link for passengers and freight to Nantucket Island. Hyannis also provides secondary passenger access to the island of Martha's Vineyard, with the primary passenger access to Martha's Vineyard being located in Woods Hole, a village in the nearby town of Falmouth. Due to its large natural harbor, Hyannis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GE Lighting
GE Lighting is a division of Savant Systems Inc. headquartered in Nela Park, East Cleveland, Ohio, United States. The company traces its origins to Thomas Edison's work on lighting in the 19th century. History In 1911, General Electric was found to have acquired three quarters of the National Electric Light Association, an association of lighting product companies through which GE had licensed its patented products; this trading arrangement was the subject of an antitrust investigation, and as a result the association was dissolved. GE subsequently acquired several of the association's member companies. These were later consolidated with the Edison lamp division. In July 2011, GE Lighting entered a licensing agreement with Nuventix for its LED cooling technology and invested $10 million into the company. Two weeks later, the company announced its plans to buy Lightech, acquiring its LED and halogen power supplies, for a deal reportedly worth between $15 million and $20 million. O ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Electric
General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable energy, digital industry, additive manufacturing and venture capital and finance, but has since divested from several areas, now primarily consisting of the first four segments. In 2020, GE ranked among the Fortune 500 as the 33rd largest firm in the United States by gross revenue. In 2011, GE ranked among the Fortune 20 as the 14th most profitable company, but later very severely underperformed the market (by about 75%) as its profitability collapsed. Two employees of GE – Irving Langmuir (1932) and Ivar Giaever (1973) – have been awarded the Nobel Prize. On November 9, 2021, the company announced it would divide itself into three investment-grade public companies. On July 18, 2022, GE unveiled the brand names of the companies it wi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nela Park
Nela Park is the headquarters of GE Lighting, a Savant company and is located in East Cleveland, Ohio, United States. Nela Park is the first industrial park in the world being home to most of the lighting breakthroughs of the last century. The institute was first organized by entrepreneurs Franklin Terry and Burton Tremaine of the National Electric Lamp Company. Development of the site was started in 1911 when the National Electric Lamp Association (NELA), formed by John Robert Crouse, Sr, J.B. Crouse, and H.A. Tremaine in 1901, was dissolved and absorbed into General Electric. It was the first industrial park in the world, and was added to the National Register of Historic Places in 1975. The campus emulates a university setting, and the dominant architectural style is Georgian Revival. The campus is home to GE's Lighting & Electrical Institute, which was founded in 1933. Each December, Nela Park features a world-famous Christmas lighting display, which culminates in a miniatur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kohlberg Kravis Roberts
KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global investment company that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strategic partners, hedge funds. , the firm had completed more than 650 private equity investments in portfolio companies with approximately $675 billion of total enterprise value. , assets under management ("AUM") and fee paying assets under management ("FPAUM") were $471 billion and $357 billion, respectively. The firm was founded in 1976 by Jerome Kohlberg Jr., and cousins Henry Kravis and George R. Roberts, all of whom had previously worked together at Bear Stearns, where they completed some of the earliest leveraged buyout transactions. Since its founding, KKR has completed a number of transactions, including the 1989 leveraged buyout of RJR Nabisco, which was the largest buyout in history to that point, as well as th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2005 Establishments In Massachusetts
5 (five) is a number, numeral and digit. It is the natural number, and cardinal number, following 4 and preceding 6, and is a prime number. It has attained significance throughout history in part because typical humans have five digits on each hand. In mathematics 5 is the third smallest prime number, and the second super-prime. It is the first safe prime, the first good prime, the first balanced prime, and the first of three known Wilson primes. Five is the second Fermat prime and the third Mersenne prime exponent, as well as the third Catalan number, and the third Sophie Germain prime. Notably, 5 is equal to the sum of the ''only'' consecutive primes, 2 + 3, and is the only number that is part of more than one pair of twin primes, ( 3, 5) and (5, 7). It is also a sexy prime with the fifth prime number and first prime repunit, 11. Five is the third factorial prime, an alternating factorial, and an Eisenstein prime with no imaginary part and real part of the form 3p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Companies Established In 2005
American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, people who self-identify their ancestry as "American" ** American English, the set of varieties of the English language native to the United States ** Native Americans in the United States, indigenous peoples of the United States * American, something of, from, or related to the Americas, also known as "America" ** Indigenous peoples of the Americas * American (word), for analysis and history of the meanings in various contexts Organizations * American Airlines, U.S.-based airline headquartered in Fort Worth, Texas * American Athletic Conference, an American college athletic conference * American Recordings (record label), a record label previously known as Def American * American University, in Washington, D.C. Sports teams Soccer * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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