Feit Electric Acquires Universal Security Instruments
Deal News | May 23, 2025 | Globenewswire
Feit Electric, a global leader in lighting and smart home technology, announced its acquisition of Universal Security Instruments (USI), a company with over 50 years of history in smoke, fire, and carbon monoxide alarm innovation. This strategic acquisition allows Feit Electric to enter the home safety category, adding USI's established technologies and brand to its portfolio. The integration of USI under Feit Electric enables the continuation of the USI brand as a standalone line, while leveraging Feit Electric's global reach, product development capabilities, and retail partnerships. This acquisition is part of Feit Electric's multi-brand strategy to expand consumer choice and lead in smart home and safety categories. The company plans to enhance the USI brand with updated product assortments, invigorated marketing efforts, and increased visibility in online markets, ultimately providing consumers with a stronger and more innovative range of safety solutions for the modern home.
Sectors
- Consumer Electronics
- Home Safety and Security
Geography
- United States – Feit Electric is headquartered in California, and USI has a significant retail presence across North America.
Industry
- Consumer Electronics – Feit Electric and USI operate within the consumer electronics industry, specializing in lighting and smart home solutions, alongside safety devices such as smoke and carbon monoxide detectors.
- Home Safety and Security – The acquisition involves USI's home safety technologies and a focus on security products, marking Feit Electric's entry into this sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Feit Electric | Bidding Company | Companies | A leading global manufacturer of lighting and smart home solutions, expanding into the home safety market. |
| Universal Security Instruments Inc. | Target Company | Companies | A pioneer in smoke, fire, and carbon monoxide alarm innovation with a strong retail presence in North America. |
| Alan Feit | President, Feit Electric | People | Announced the acquisition and strategic vision for integrating USI's brand and technology. |
| Sunil Ramchandani | Chief Strategy Officer, Feit Electric | People | Commented on the multi-brand strategy and expansion into smart home and safety categories. |