M&A Deal Summary

Acuity Brands Acquires KE2 Therm Solutions

On April 14, 2023, Acuity Brands acquired electrical equipment company KE2 Therm Solutions

Acquisition Highlights
  • This is Acuity Brands’ 15th transaction in the Electrical Equipment sector.
  • This is Acuity Brands’ 19th transaction in the United States.
  • This is Acuity Brands’ 1st transaction in Missouri.

M&A Deal Summary

Date 2023-04-14
Target KE2 Therm Solutions
Sector Electrical Equipment
Buyer(s) Acuity Brands
Deal Type Add-on Acquisition

Target

KE2 Therm Solutions

Washington, Missouri, United States
KE2 Therm Solutions is a developer and manufacturer of branded, intelligent refrigeration control solutions that use proprietary advanced controls algorithms, software, and controls. KE2 Therm Solutions was founded in 2009 and is based in Washington, Missouri.

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Buyer(S) 1

Buyer

Acuity Brands

Atlanta, Georgia, United States

Category Company
Founded 2001
Sector Electrical Equipment
Employees12,000
Revenue 4.0B USD (2023)
DESCRIPTION

Acuity Brands is a provider of lighting solutions for both indoor and outdoor applications. The Company's lighting solutions are sold under various brands, including Lithonia Lighting, Holophane, Peerless, Gotham, Mark Architectural Lighting. Acuity Brands was founded in 2001 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 23 of 24
Sector (Electrical Equipment) 15 of 15
Type (Add-on Acquisition) 23 of 24
State (Missouri) 1 of 1
Country (United States) 19 of 20
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-25 LocusLabs

Oakland, California, United States

LocusLabs, Inc. is an indoor mapping and location platform. LocusLabs software platform supports navigation applications (apps) used on mobile devices, web browsers and digital displays in airports, event centers, multi-floor office buildings, and campuses. LocusLabs, Inc. was founded in 2014 and is based in Oakland, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-24 QSC

Costa Mesa, California, United States

QSC is a designer and manufacturer of professional audio/video system solutions. With power amplification, loudspeaker, digital signal processing (DSP) and digital mixer engineering resources all located under one roof, it leverages these technologies to deliver products and systems providing compelling solutions for professional installed, portable, production and cinema sound customers worldwide. QSC is based in Costa Mesa, California.

Buy $1.2B