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Acuity Brands To Acquire Ke2 Therm

PUBLIC · AYIApr 14, 2023

Acquiring Company

Acuity

Acquired Company

THERM SOLUTIONS, INC.

AtlantaLake ForestManufacturingEnergyData CenterManufacturingEnergy

Description

Today, Acuity Brands, Inc. (NYSE: AYI) (“Acuity”) a leading industrial technology company, announced a definitive agreement to acquire KE2 Therm Solutions, Inc. (“KE2 Therm”), which develops and provides intelligent refrigeration control solutions that improve profitability by increasing system efficiency and decreasing operational and service costs.

Quick answer

Acuity is acquiring THERM SOLUTIONS, INC., announced April 14, 2023. Acuity is based in Atlanta, Georgia, United States.

Who acquired THERM SOLUTIONS, INC?
Acuity agreed to acquire THERM SOLUTIONS, INC. on April 14, 2023.
How much did Acuity pay for THERM SOLUTIONS, INC?
The deal value was not disclosed.
What does Acuity do?
Acuity Inc. operates in the lighting and electrical equipment industry, providing innovative lighting solutions through its subsidiary, Acuity Brands Lighting, Inc. The company focuses on developing and delivering..
Where are Acuity and THERM SOLUTIONS, INC. based?
Acuity is based in Atlanta, Georgia, United States. THERM SOLUTIONS, INC. is based in Lake Forest, Illinois, United States.
Who are the decision-makers at Acuity?
Fundz holds 1 contact at Acuity. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Acuity

Location

1170 Peachtree Street NE

Atlanta, Georgia, United States

About

Acuity Inc. operates in the lighting and electrical equipment industry, providing innovative lighting solutions through its subsidiary, Acuity Brands Lighting, Inc. The company focuses on developing and delivering energy-efficient lighting products and systems, catering to commercial, institutional, and residential markets. With a robust credit agreement of up to $800 million, Acuity aims to enhance its operational capabilities and support its growth strategies. The firm emphasizes maintaining a strong leverage ratio and adhering to covenants that ensure fiscal prudence while facilitating expansion and market competitiveness.

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Frequently asked

Who acquired THERM SOLUTIONS, INC.?

THERM SOLUTIONS, INC. was acquired by Acuity, based in Atlanta. The deal was reported on April 14, 2023. Acuity Inc. operates in the lighting and electrical equipment industry, providing innovative lighting solutions through its subsidiary, Acuity Brands Lighting, Inc. Acuity is publicly traded (AYI) and operates in Manufacturing.

When did Acuity acquire THERM SOLUTIONS, INC.?

Acuity's acquisition of THERM SOLUTIONS, INC. was reported on April 14, 2023. Today, Acuity Brands, Inc. (NYSE: AYI) (“Acuity”) a leading industrial technology company, announced a definitive agreement to acquire KE2 Therm Solutions, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does THERM SOLUTIONS, INC. do?

KE2 Therm is a developer and manufacturer of branded, intelligent refrigeration control solutions that use proprietary advanced controls algorithms, software, and controls. It is privately held, operating in Manufacturing, and is based in Lake Forest.

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