M&A Deal Summary

Acuity Brands Acquires The Luminaires Group

On September 10, 2019, Acuity Brands acquired electrical equipment company The Luminaires Group from Sentinel Capital Partners

Acquisition Highlights
  • This is Acuity Brands’ 14th transaction in the Electrical Equipment sector.
  • This is Acuity Brands’ 3rd transaction in Canada.
  • This is Acuity Brands’ 2nd transaction in Quebec.

M&A Deal Summary

Date 2019-09-10
Target The Luminaires Group
Sector Electrical Equipment
Buyer(s) Acuity Brands
Sellers(s) Sentinel Capital Partners
Deal Type Add-on Acquisition

Target

The Luminaires Group

Montreal, Quebec, Canada
The Luminaires Group is a North American manufacturer of specification-grade and architectural lighting fixtures. Company designs develop, manufactures, and distributes specification grade lighting products across North America via three niche brands, each with its own focus. Eureka concentrates on indoor and outdoor decorative lighting; Amerillum focuses on indoor and outdoor architectural lighting, and Cyclone specializes in outdoor area lighting. The Luminaires Group was founded in 1987 and is based in Montreal, Quebec.

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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 21 of 24
Sector (Electrical Equipment) 14 of 15
Type (Add-on Acquisition) 21 of 24
State (Quebec) 2 of 2
Country (Canada) 3 of 3
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-20 WhiteOptics

New Castle, Delaware, United States

WhiteOptics LLC is a manufacturer of advanced optical components used to reflect, diffuse and control light for LED lighting used in commercial and institutional applications. WhiteOptics’ product portfolio includes light guide plates, optical diffusers and innovative micro-structure lenses that provide a unique three-dimensional appearance.

Buy -
FOLLOWING 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 -

Seller(S) 1

SELLER

Sentinel Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 11.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sentinel Capital Partners is a private equity firm that targets investments in middle-market companies with strong management and 'attractive growth prospects'. Sentinel looks to invest up to $400 million of equity in companies generating EBITDA of up to $65 million. Sectors of interest include business services/outsourcing, consumer products and services, food and restaurants, franchising, and manufacturing. Prospective transaction situations include management buyouts, recapitalizations, corporate divestitures, take-privates, and growth capital financings. Sentinel Capital Partners was formed in 1995 and is based in New York, New York.


DEAL STATS #
Overall 53 of 69
Sector (Electrical Equipment) 3 of 4
Type (Add-on Acquisition) 13 of 17
State (Quebec) 1 of 1
Country (Canada) 5 of 6
Year (2019) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-27 New You Bariatric Group

New York, New York, United States

New You Bariatric Group is a provider of administrative support services to bariatric surgery offices in the New York metropolitan area. NYBG provides administrative services to 15 bariatric surgery offices in New York, New Jersey, and Connecticut that collectively operate as the New York Bariatric Group and employ bariatric surgeons, other specialists, and physician assistants.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-25 New Era Technology

New York, New York, United States

New Era Technology provides a comprehensive suite of managed services and systems integration capabilities for a wide range of IT solutions, including collaboration, data networking, and security. New Era Technology is based in New York City.

Buy -