Acuity Brands announces agreement to acquire QSC for $1.215B

Acuity Brands (AYI) has reached a definitive agreement to acquire QSC for a purchase price of $1.215B, or $1.1B net of approximately $100M in present value of expected tax benefits. The net purchase price represents approximately 14 times QSC’s estimated EBITDA for the last twelve months ending August 31, 2024. It is expected to be accretive to Acuity’s’ fiscal 2025 full-year adjusted diluted earnings per share. “We are excited to be joining a company that is aligned around our long-term mission and shares our values,” said Joe Pham, Chairman and Chief Executive Officer of QSC. “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.”