Acuity acquisition history

Acuity acquired QSC, a designer and manufacturer of cloud-manageable audio, video and control (AV&C) technology used across education, commercial, hospitality, government, healthcare and transportation settings. Announced October 24, 2024 and completed January 1, 2025, the cash price was about $1.215 billion (roughly $1.1 billion net of about $100 million in expected tax benefits), or approximately 14 times QSC's estimated trailing EBITDA. QSC generated around $535 million in sales in the twelve months ended August 31, 2024. Acuity funded the purchase with $600 million of term-loan borrowing plus cash on hand and placed QSC in its Intelligent Spaces segment. approximately $1.215 billion.

In our Intelligent Spaces business we are delivering meaningful outcomes for end users that are powered by disruptive technologies and that generate strong financial results. QSC has built a differentiated cloud-manageable audio, video and control platform that controls what happens in a built space. Our acquisition of QSC builds on our vision of data interoperability as we continue to make spaces smarter, safer and greener.Neil Ashe — Chairman, President and Chief Executive Officer, Acuity Brands, Inc.

We are excited to be joining a company that is aligned around our long-term mission and shares our values. Our shared vision of how we can leverage data with our technology solutions will elevate our ability to service our end-users and drive growth.Joe Pham — Chairman and Chief Executive Officer, QSC

Acuity agreed to buy Juno Lighting Group, a maker of downlighting and track-lighting fixtures for residential and commercial use, from Schneider Electric. Juno carried roughly $250 million in annual revenue and operated manufacturing plants in Des Plaines, Illinois and Fishers, Indiana. Announced October 29, 2015, the all-cash purchase of about $385 million was funded from cash on hand and expected to add to Acuity's fiscal 2016 earnings; the deal was set to close in late calendar 2015. Management described Juno's line as highly complementary to its existing portfolio, with minimal product overlap. approximately $385 million.

We are very excited about this strategic opportunity that will allow us to provide customers with an enhanced and broader set of lighting solutions for both residential and commercial applications. Juno Lighting Group is a widely-recognized and well-respected brand in the industry and its product offering is highly complementary, with minimal overlap, to our industry-leading portfolio.Vernon J. Nagel — Chairman, President and Chief Executive Officer, Acuity Brands

Acuity agreed to acquire Distech Controls, a Quebec-based provider of building-automation and energy-management systems that integrate lighting, HVAC, access control, closed-circuit television and related building systems. Announced March 9, 2015, the all-cash deal was valued at about CA$318 million (Canadian dollars). Distech generated more than CA$70 million in net sales in calendar 2014, and the acquisition extended Acuity's push into integrated smart-building controls alongside its lighting portfolio. Closing was expected within four to eight weeks, subject to Distech shareholder and other customary approvals. approximately CA$318 million (Canadian dollars).

The acquisition of Distech Controls, coupled with our broad, industry-leading solid-state lighting portfolio, innovative control technologies and integrated digital solutions, is part of our strategy to offer true end-to-end optimization of all aspects of the building for enhanced occupant experience, quality visual environment, seamless operation, energy efficiency, operational cost reductions, and increased digital functionality.Vernon J. Nagel — Chairman, President and Chief Executive Officer, Acuity Brands