Discover how our people & technology are solving global issues, improving lives, and changing industries.Access important shareholder information.With more than 90 transactions completed and $4.2 billion of assets under management, American Industrial Partners has deep roots in the industrial economy and has been active in private equity investing for nearly 30 years. DESIGN THE Intuitive Store. The consumer lighting business of GE Lighting is not included as part of the transaction.“Three and a half years ago, we formed Current as a new kind of startup within the walls of GE, and today we are thrilled to celebrate the successful conclusion of that journey as we prepare to embrace our next,” said Maryrose Sylvester, President & CEO of Current. By Peter Saunders.
The company is comprised of two main segments. new stories list . Financial details were not disclosed.“Three and a half years ago, we formed Current as a new kind of startup within the walls of GE, and today we are thrilled to celebrate the successful conclusion of that journey as we prepare to embrace our next,” said Maryrose Sylvester, President & CEO of Current. Ropes & Gray LLP and McGuireWoods LLP acted as legal advisors to AIP.Current is a leading provider of energy efficiency and digital productivity solutions for commercial offices, retail stores, industrial facilities and cities. GE Current (branded as GE Current, a Daintree company; former name: Current, powered by GE) is a company that sells energy management systems.It is headquartered in Boston, Massachusetts with additional presence in Montreal, Quebec, San Ramon, California, Hendersonville, North Carolina, Acuna, Mexico, Del Rio, Texasand Cleveland, Ohio.The company CEO is Manish Bhandari, who was previously … Under a long-term licensing agreement, Current will continue using the GE brand on its products and services moving forward. BOSTON--(BUSINESS WIRE)--GE (NYSE: GE) today announced it has completed the sale of its Current, powered by GE business unit to American Industrial Partners (AIP), a … The company CEO is Manish Bhandari, who was previously the group president at Emerson for discrete & industrial portfolio of businesses. BOSTON, Nov. 6, 2018 - GE (NYSE: GE) today announced it has signed a proposed agreement to sell its Current, powered by GE business to American Industrial Partners (AIP), a New York-based private equity firm that focuses on buying, improving and growing industrial businesses. “We look forward to partnering with the AIP team to further establish Current as a leader in the rapidly growing [Internet of Things] lighting space.” GE launched Current three years ago when it combined some of its energy and digital management assets to form a kind of in-house startup. April 5, 2019 ByPeter Saunders April 5, 2019. The business delivers energy savings and operational productivity for its customers, which include commercial offices, retail stores, industrial facilities and cities. GE remains actively engaged in the process to sell this business.Learn about governance at GE, including the latest Proxy Statement and information about the GE Board of Directors.Explore GE’s recent and historic SEC filings.Learn how we’re delivering on our priorities.Current is the digital engine for intelligent environments. Under a long-term licensing agreement, Current will continue using the GE brand on its products and services moving forward.BOSTON, April 2, 2019 – GE (NYSE: GE) today announced it has completed the sale of its Current business unit to American Industrial Partners (AIP), a New York-based private equity firm focused on buying, improving and growing industrial businesses. www.currentbyge.comAmerican Industrial Partners is an operationally oriented private equity firm that makes control investments in industrial businesses serving domestic and global markets.