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PRESS RELEASE: APRIL 12, 2023
GUELPH, ON APR 12, 2023 - Brock Lupal, President & CEO of LUMINOR Environmental Inc. (“LUMINOR”), is pleased to announce that on April 6, 2023, TerraNova Partners LP ("TerraNova") made a growth investment in LUMINOR. Myron Lupal, founder, and former CEO will remain engaged as a strategic advisor to the business, shareholder and as a member of the Board of Directors.
LUMINOR is a leading manufacturer of UV water disinfection systems, focused on serving residential, commercial, light industrial and municipal customers in over 55 countries around the world. LUMINOR holds industry leading international certifications and has strong and growing relationships with many of the global leading water treatment companies.
"LUMINOR has been a dream come true to build and grow since it's founding in 2010. The development of innovative products and growing relationships with our customers is a source of pride and an experience I will cherish going forward. Looking ahead, I am confident Brock and TerraNova will enhance LUMINOR’s legacy and continue to deliver best-in-class water treatment products," said Myron Lupal.
"LUMINOR is an exciting company known for its innovative UV systems, reliability and exceptional customer service," said Anthony Sigel, a Partner at TerraNova. "We look forward to building on the solid foundations built by Myron, Brock and the entire LUMINOR team, and will strive to continue to deliver best-in-class products and services to its customers."
Brock Lupal, President & CEO, added, "LUMINOR has experienced extraordinary growth as increased awareness of the global drinking water safety crisis has led to heightened awareness and accelerating demand for UV water disinfection systems. With Terranova’s support, LUMINOR and LUMINOR’s customers, suppliers and employees will benefit from an increased focus on growth, innovation, deep industry relationships and an even stronger balance sheet."
About TerraNova Partners LP:
TerraNova Partners LP is an operationally focused family office that seeks to partner with excellent people and invest in companies with strong growth prospects. TerraNova has offices in Toronto and New York. For more information visit: www.terranovapartners.com.
About Brock Lupal:
Brock Lupal joined LUMINOR in May 2016. Brock has 8+ years of experience in the water industry and has had progressive roles at LUMINOR, principally focused on sales, innovation, and operations. Brock holds a B. COMM degree from Carleton University.
Source: LUMINOR
For further information:
Brock Lupal, President & CEO, LUMINOR Environmental Inc., 519-837-3800 x223, blupal@luminoruv.com
Anthony Sigel, Partner, TerraNova Partners, 416-644-6000 x300, ams@terranovapartners.com
BACK-TO-BACK WINS as LUMINOR Environmental Inc. Receives the Deloitte Fast 500 and Deloitte Fast 50 Awards
GUELPH, ON (November 30, 2022) - LUMINOR Environmental Inc. has been named to the 2022 Deloitte Fast 500 and recognized as a winner in the Clean Technology category for the 2022 Deloitte Technology Fast 50 program.
The Clean Technology award, apart of the Technology Fast 50 program, recognizes Canada’s top clean innovators providing processes, goods or services that reduce environmental impacts. The winning companies are ranked by their revenue-growth percentage over their last four years of operation, proving minimum revenues of $50,000 in 2018 and $5 million in 2021.
The Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2018 to 2021.
As a locally owned and operated Guelph manufacturing company, LUMINOR Environmental Inc. creates ultraviolet water treatment products for residential and commercial use and is one of the top suppliers in the industry with their systems shipped internationally to more than 50 countries worldwide.
“We are incredibly honoured to be recognized by Deloitte as recipients of these awards,” shared Myron Lupal, CEO of LUMINOR Environmental Inc. “Providing clean and safe drinking water worldwide has been a priority to our operation since opening over a decade ago.”
President and General Manager of LUMINOR Environmental Inc., Brock Lupal, credits this successful recognition to their use of non-invasive technologies. LUMINOR uses ultraviolet light to address water quality issues in a safe and easy to use product built for both residential and commercial applications globally.
“Here at LUMINOR, we are committed to creating a product we believe in and are happy to be recognized for providing this environmentally friendly solution to the global water supply crisis,” ~ Brock Lupal.
To recognize the success, LUMINOR will be celebrating with their employees as a thank you for the work they have done.
“We appreciate the dedication of all of our employees and what they have contributed to help us get to where we are today,” said Myron Lupal. “With our continued growth, and industry demand, we are always looking to add to our Luminor family.”
About LUMINOR Environmental Inc:
LUMINOR is a Canadian corporation specializing in ultraviolet disinfection solutions, LUMINOR designs, engineers and assembles all their products in Canada. With product solutions for whole home, light commercial, commercial/industrial, and municipal, LUMINOR provides a “one-stop” solution for all your water treatment needs.
About the 2022 Deloitte Technology Fast 500™:
Now in its 28th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2018 to 2021.
To be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About the Deloitte Technology Fast 50™ program:
The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features distinct categories, including the Technology Fast 50 ranking, Enterprise Fast 15, Clean Technology, and Companies-to-Watch. The program also recognizes companies within the North American Technology Fast 500 ranking, identifying technology companies in the United States and Canada. The 2021 program sponsors include Deloitte, RBC, EDC, Miller Thomson, Clarity Recruitment, and Lafond. For further information, visit www.fast50.ca.
