LOS ANGELES, October 31, 2024 – Leading international law firm Proskauer announced today that it advised QSC, LLC ("QSC"), a manufacturer of audio, video and control solutions, on its agreement to be acquired by Acuity Brands, Inc ("Acuity"). The closing of the transaction is subject to customary closing conditions.
Acuity, a market-leading industrial technology company, has agreed to a purchase price of $1.215 billion.
QSC provides a cloud-manageable audio, video and control platform that includes controls, sensors and software with broad applications across multiple end-markets including education, commercial, hospitality, government, healthcare and transportation.
As part of the acquisition, QSC will integrate into Acuity's Intelligent Spaces Group to execute the companies' joint vision of making spaces smarter, safer and greener with disruptive technologies that leverage data interoperability.
The Proskauer team advising QSC was led by partner Matthew O'Loughlin. The team also included partner Kris Herrmann and associates L. Taylor Robertson, J. Ryan Murphy and Courtney Kim (M&A); partner Muhyung (Aaron) Lee and associate Thomas Multari (Tax); partner Colleen Hart and associate Heather Monte (Employee Benefits and Executive Compensation); partner John Ingrassia and associate Bryan Cruz (Antitrust); partner Wai Choy and associates Jiyoon Kim and Caroline Rimmer (Technology, Media & Telecommunications); partner Aliza Cinamon (Environmental); and partner Nathan Lander (Insurance).