Acuity Brands, Inc., a market-leading industrial technology company, has reached a definitive agreement to acquire QSC for a purchase price of $1.215 billion.
“Bringing QSC together with Acuity underscores the critical role AV technology plays in live, hybrid, and virtual experiences,” said Joe Pham, Chairman and Chief Executive Officer of QSC. “Our two organizations are aligned on a long-term mission and core values that drive our mutual passion for innovation, customer satisfaction, and employee well-being.”
QSC will become part of Acuity’s Intelligent Spaces Group to execute our joint vision of making spaces smarter, safer, and greener with disruptive technologies that leverage data interoperability.
“From our roots in pro audio to our Q-SYS platform solutions, our talented teams are well-positioned to bring our mission to life for our customers, ecosystem partners, and our system integrators who serve them,” said Jatan Shah, President of QSC. “With Acuity’s Intelligent Spaces Group, our rich landscape of data will deliver dynamic and engaging experiences that captivate and inspire.”
Acuity Brands, Inc. (NYSE: AYI) (the “Company” or “Acuity”), a market-leading industrial technology company, has reached a definitive agreement to acquire QSC, LLC (“QSC”) for a purchase price of $1.215 billion, or $1.1 billion net of approximately $100 million 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.
The transaction is expected to close in the second-quarter of fiscal 2025, subject to customary closing conditions, including, among others, the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.