M&A: ACUITY BRANDS INC

Form Type: 8-K

Filing Date: 2025-01-06

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525002182

Comments: On January 1, 2025, Acuity Brands Technology Services, Inc., a wholly owned subsidiary of Acuity Brands, Inc., completed the acquisition of QSC, LLC, a leader in the design, engineering and manufacturing of audio, video and control solutions and services, from QSC Holdings, Inc. and other owners. The total cash purchase price for the acquisition was approximately $1.215 billion, subject to customary adjustments. Additionally, on January 2, 2025, Acuity Brands Lighting, Inc. incurred an aggregate $600 million in indebtedness in connection with the acquisition, pursuant to a delayed draw term loan facility under a Credit Agreement dated June 30, 2022, and amended on November 25, 2024.

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