GE to sell lighting subsidiary to private equity firm

General Electric Co. agreed to sell its Boston-based lighting subsidiary to a New York private equity firm.

American Industrial Partners agreed to acquire Current for undisclosed terms.

“American Industrial Partners would be a great home for Current moving forward," said Maryrose Sylvester, president and CEO of Current, in a statement. "The firm’s deep expertise in operations and engineering, combined with its highly successful track record of industrial business investments, would help us accelerate Current’s growth.”

Read more from the Boston Business Journal.