Who Owns Revolution Lighting Company?

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Who Really Owns Revolution Lighting?

Uncover the ownership secrets behind Revolution Lighting, a company navigating the dynamic LED lighting market. Understanding the ownership structure is key to predicting the company's strategic moves and future performance. From its early days to its current evolution as The Energy Source Group, the ownership story of REV lighting is a critical piece of the puzzle.

Founded in 1991 and evolving through name changes, Revolution Lighting has always focused on innovative LED solutions. The company's journey, including its acquisition by RVL LLC and its transformation into a full-service energy efficiency business, is a testament to its adaptability. Explore the Revolution Lighting SWOT Analysis to gain further insights into the company's position within the competitive landscape and its strategic direction. This deep dive into Revolution Lighting ownership will help you understand the driving forces behind this lighting company's evolution.

The story of Revolution Lighting Technologies, Inc. (RVLT) begins in December 1993, though its roots trace back to January 1991 with the incorporation of Super Vision International, Inc. The company's early ownership structure underwent a major transformation in September 2012. This shift significantly influenced the trajectory of the Revolution Lighting, especially its focus on LED solutions.

In September 2012, RVL LLC, an investment firm created by Aston Capital LLC, acquired the company. This acquisition, known as the Series B Investment, saw RVL LLC gain approximately 73% of the outstanding voting stock. This event marked a clear change in control, with new leadership taking the helm.

This pivotal moment brought Robert LaPenta, through RVL and Aston Capital, to the forefront as a major shareholder. LaPenta became Chairman, CEO, and President, shaping the company's strategic direction. James DePalma, also an owner of Aston Capital, joined as CFO and a board member, further solidifying the new ownership's influence.

Early Incorporation

The company was originally incorporated in Delaware in December 1993.

Predecessor Company

Super Vision International, Inc., incorporated in January 1991, was the predecessor.

2012 Acquisition

RVL LLC, backed by Aston Capital LLC, acquired the company in September 2012.

Ownership Shift

RVL LLC gained approximately 73% of the voting stock, leading to a change in control.

Robert LaPenta

Robert LaPenta became Chairman, CEO, and President, a major stockholder through RVL and Aston Capital.

James DePalma

James DePalma, also an owner of Aston Capital, became CFO and a board member.

Key Takeaways

The early ownership of Revolution Lighting, especially after the 2012 acquisition, is critical to understanding the company's focus as an LED lighting company. The leadership of Robert LaPenta and the influence of Aston Capital shaped the company's direction. Key points to remember about the REV lighting ownership:

• The acquisition by RVL LLC in 2012 was a pivotal moment.
• Robert LaPenta and Aston Capital became dominant stakeholders.
• The shift prioritized LED solutions.
• James DePalma's role as CFO also influenced the company's direction.

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The ownership of Revolution Lighting Technologies, now known as The Energy Source Group, has seen significant shifts. The most impactful change occurred in September 2012 when RVL LLC, managed by Aston Capital LLC and controlled by Robert V. LaPenta, acquired the company (then Nexxus Lighting, Inc.). This acquisition led to the renaming of the company and established RVL LLC as the primary owner, initially holding about 73% of the voting stock through a Series B Convertible Preferred Stock investment.

Further investments by RVL solidified their control. For example, the Seesmart acquisition in December 2012 involved Revolution Lighting issuing Series C preferred stock to RVL. Additionally, the Relume Technologies acquisition in August 2013 was partly funded by proceeds from issuing Series F preferred stock to RVL. These transactions highlight a pattern of RVL increasing its stake through preferred stock investments, funding key acquisitions and shaping the company's financial structure.

As of October 2018, RVL 1, LLC, an affiliate of Aston Capital LLC, held approximately 46% of Revolution Lighting's outstanding common stock. Robert V. LaPenta, as Chairman, CEO, and President, also had a substantial personal investment. Although the company was publicly traded (OTCMKTS: RVLT), its stock was suspended from Nasdaq on October 14, 2019. The market capitalization was reported as $2.48 million as of June 10, 2025. This information is crucial for understanding the growth strategy of Revolution Lighting and its financial trajectory.

Key Takeaways on Revolution Lighting Ownership

RVL LLC, controlled by Robert V. LaPenta, initially held a significant stake in Revolution Lighting. Subsequent investments, particularly through preferred stock, further solidified their ownership. The company's stock was suspended from Nasdaq in 2019.

• RVL LLC's acquisition in 2012 was a pivotal moment.
• Preferred stock investments funded acquisitions.
• The company rebranded as The Energy Source Group.
• The stock's suspension from Nasdaq significantly impacted its public presence.

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At the time of available information, the board of directors of Revolution Lighting Technologies included individuals representing major shareholders. Robert V. LaPenta served as Chairman, CEO, and President, and was a major stockholder through RVL and Aston Capital. James DePalma also served as CFO and a director and was an owner of Aston Capital. This structure highlights a strong connection between the board and the primary ownership groups, RVL LLC and Aston Capital. The board's composition reflects the influence of significant shareholders on the company's direction.

The company's governance has faced scrutiny. An SEC investigation into accounting practices from late 2014 to mid-2018 resulted in charges against the company and several executives. These events underscore challenges in decision-making and accountability within the company's governance structure during that period. James DePalma resigned as CFO in May 2019, and Joan Nano was subsequently hired as the new CFO in June 2019. The Growth Strategy of Revolution Lighting provides additional context on the company's evolution.

While specific details on dual-class shares or special voting rights beyond the significant preferred stock ownership by RVL are not explicitly detailed in recent public records, the substantial beneficial ownership held by RVL 1, LLC (approximately 46% of common stock in October 2018) suggests a significant degree of control. This concentration of ownership gives RVL a considerable influence over corporate decisions and the strategic direction of the LED lighting company.

Revolution Lighting Ownership and Control

The board of directors at Revolution Lighting has been closely tied to major shareholders, indicating a strong influence from primary ownership groups. The substantial ownership by RVL 1, LLC, suggests a significant degree of control over the company's operations.

• Robert V. LaPenta, as Chairman, CEO, and President, was a major stockholder.
• James DePalma, as CFO and director, was also an owner.
• The SEC investigation highlighted governance challenges.
• RVL 1, LLC held approximately 46% of common stock in October 2018.

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In recent years, the company, formerly known as Revolution Lighting Technologies, has undergone significant changes. In June 2023, it rebranded as The Energy Source Group, reflecting its shift towards a full-service energy efficiency business. This strategic move aligns with the growing global investment in energy efficiency, which saw a 16% increase in 2022, reaching over $550 billion.

Despite past challenges, including delisting from Nasdaq and SEC charges, The Energy Source Group has reported a record backlog and revenue, approaching $100 million, with positive operating profit and cash flow as of June 2023. This indicates a potential turnaround and renewed focus on energy solutions. The company's stock (RVLT) was trading at approximately $0.11 as of June 2025, with a market capitalization around $2.47 million to $2.48 million.

Robert LaPenta remains the CEO and majority shareholder, maintaining control through financial support. The global LED market is projected to reach $105 billion by 2025, indicating a strong market for the company's products. This shift towards comprehensive energy solutions shows how Revolution Lighting's business model is evolving to meet market demands.

Ownership Overview

Robert LaPenta is the CEO and majority shareholder. The company has faced challenges, including delisting from Nasdaq and SEC charges. The Energy Source Group is focused on energy efficiency.

Recent Developments

The company rebranded as The Energy Source Group. It aims to capitalize on the growing energy efficiency market. The company reported a record backlog and revenue approaching $100 million.

Financial Performance

The stock price was around $0.11 as of June 2025. Market capitalization was approximately $2.47 million to $2.48 million. The company reported positive operating profit and cash flow.

Industry Trends

The global LED market is projected to reach $105 billion by 2025. There is a broader move towards comprehensive energy solutions. This indicates a strong market for energy-efficient technologies.

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