QSC has reached a definitive agreement to be acquired by industrial technology company Acuity Brands,.

“Bringing QSC together with Acuity underscores the critical role AV technology plays in live, hybrid, and virtual experiences,” said Joe Pham, chairman and CEO 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 the companies’ 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.”

Watch the video below to learn more about the acquisition of QSC by Acuity.

“In our Intelligent Spaces business we are delivering meaningful outcomes for end users that are powered by disruptive technologies and that generate strong financial results,” added Neil Ashe, chairman, president, and CEO of Acuity Brands. “QSC has built a differentiated cloud-manageable audio, video, and control platform that controls what happens in a built space. Our acquisition of QSC builds on our vision of data interoperability as we continue to make spaces smarter, safer, and greener.”

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. Acuity says it anticipates funding the transaction using $600M of term loan financing and the remainder with cash on the Balance Sheet.

“We are excited to be joining a company that is aligned around our long-term mission and shares our values,” concluded Pham. “Our shared vision of how we can leverage data with our technology solutions will elevate our ability to service our end-users and drive growth.”

Allen & Company LLC is serving as financial advisor to Acuity and Baker McKenzie is providing external legal counsel. JPMorgan Chase Bank, N.A. and Bank of America, N.A. are leading the financing. Morgan Stanley & Co. is serving as the financial advisor to QSC, and Proskauer Rose LLP is providing external legal counsel.