An announcement from Acuity Brands ( (AYI) ) is now available.
Acuity Brands, Inc. has announced a definitive agreement to acquire QSC, LLC for approximately $1.215 billion, aiming to bolster its footprint in the growing audio, video, and control industry. Expected to close in the second quarter of fiscal year 2025, the acquisition promises to enhance Acuity’s earnings and align with its vision of creating smarter, safer, and greener intelligent spaces. The deal will be financed through a combination of cash and a $600 million term loan, emphasizing Acuity’s strategic growth in technology-driven markets.
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