Lieef Closes Investment in NGU Sports Lighting, Commits Up to $60 Million for Growth

LOS ANGELES & PALM BEACH, Fla.--(BUSINESS WIRE)--Lieef, a private investment firm focused on emerging infrastructure business platforms and projects, announced today the closing of an investment in NGU Sports Lighting (“NGU”), a national leader in LED lighting installations for sports and recreation venues.

Lieef has committed up to $60 million to support NGU’s growth.

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Lieef has committed up to $60 million to support NGU’s growth.

“Mike Lorenz is an entrepreneur, a business builder, and a pioneer in the world of LED installations for sports lighting venues,” said Brad Kavin, Founder and Managing Partner of Lieef. “We are honored and excited to call him and his team our new business partners.”

Mike Lorenz, CEO of NGU, previously served as President of Ephesus Sports Lighting, where he helped lead the transition to LED lighting in major sports venues across the country. The company was acquired in 2015 and ultimately became part of Signify—the global lighting giant formerly known as Philips Lighting—placing the company Mike helped build under one of the most recognized names in the industry. He went on to found NGU Sports Lighting to bring that same level of innovation and reliability to the private and public sectors, including community venues nationwide.

“NGU is excited to partner with Lieef and their team. NGU’s vision is to become the nation’s leading solid-state sports lighting solution provider, as measured by our customer feedback. Partnering with Lieef provides us with another platform that will allow NGU to continue pursuing its vision on a much broader scale,” said Mike Lorenz, CEO of NGU Sports Lighting.