March 25, 2013 // Franchising.com // Wellington, Fla. - LED Source, the leading North American LED lighting solutions provider specializing in architectural, entertainment, and retrofit applications, is pleased to announce its newest business development team member, Rick Freistat.
Freistat comes to LED Source from his family business, wholesale lighting distributor Laser Lighting, Inc., where he worked on thousands of projects, supplying energy-efficient lighting systems to companies and facility maintenance professionals. Freistat co-founded Laser Lighting with his father and brother in 1979 and served as the company’s senior vice president. He has experience in sales and sales training, business development, distribution, retrofit applications, and general contracting.
“I’m incredibly excited to join LED Source,” Freistat said. “I’m pleased to be able to use my past experience to contribute to the business development team and help the company succeed and expand on a national level.”
“Rick has an extensive background in the lighting industry, and brings with him a breadth of training, management, sales, and development experience that will make him an outstanding asset to our growing company,” said Marcel Fairbairn, president and CEO of LED Source. “He will be instrumental in helping the team meet and exceed expectations and in fostering positive growth for the company as a whole.”
Founded in 2005, LED Source is North America’s first and only franchisor of LED lighting. The company supplies LED products to a variety of spaces, and specializes in design, support, development, project management and financing through its Retrofit, Architectural and Entertainment divisions. In 2012, LED Source launched LouMan Money, a private-labeled finance program that affords companies a LED lighting upgrade without eating up capital or tapping their existing lines of credit. The finance program allow customers to qualify for an LED lighting upgrade funded entirely from their energy savings received, and covers everything from the initial LED lighting products and recycling of previous lighting, to design and installation, without the need for out-of-pocket expenses.
LED Source launched a franchise program in 2009 and has since opened locations in Eastern Canada; Calgary, AB; Lawrence, Ks.; Bloomington, Ind.; Wichita, Kan.; Los Angeles; Urbandale, Iowa; Austin, Texas; Denver, Colo.; Rolling Meadows, Ill.; Charlotte, N.C., and Tampa, Fla. LED Source is developing in states along the Eastern Seaboard and expects to add 12-15 franchise locations in 2013, with development also planned in the Caribbean. Long term goals for the company plan for a network of 150 franchise offices throughout North America within three years.
For more information about LED Source and franchising opportunities, visit www.LEDsource.com.
SOURCE LED Source