# Penguin Solutions agrees to sell Cree LED to Transom Capital Group

Penguin Solutions has entered into a definitive agreement to sell its Cree LED business to Transom Capital Group. The transaction will position Cree LED as a standalone LED business under Transom's ownership. Financial terms were not disclosed.

- Type: Acquisition
- Announced: 2026-11-04
- Where: United States
- Status: announced
- Products: LED products for lighting, displays, and specialty applications
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Transom Capital Group](https://endata.com/companies/7959.md) (acquirer)
- [Penguin Solutions](https://endata.com/companies/15981.md) (partner)
- [Cree LED](https://endata.com/companies/15982.md) (target)

## Sources

- [ir.penguinsolutions.com](https://ir.penguinsolutions.com/news/news-details/2026/Penguin-Solutions-Announces-Agreement-to-Sell-Cree-LED-to-Transom-Capital-Group/default.aspx), 2026-11-04: "Today's announcement marks another milestone in Penguin Solutions' transformation into a pure-play, data center-focused company at the intersection of AI infrastructure and memory."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.