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Acuity Brands, Inc. on Sept. 10 announced that its wholly-owned subsidiary, Acuity Brands Lighting, Inc., has entered into a purchase agreement to acquire all of the equity interests of The Luminaires Group (TLG), a provider of specification-grade luminaires for commercial, institutional, hospitality and municipal markets. TLG’s indoor and outdoor lighting fixtures are marketed to architects, landscape architects, interior designers and engineers through five niche lighting brands: a-light, Cyclone, Eureka, Luminaire LED and Luminis, according to the company.
Founded in 1987, TLG’s annual sales are approximately $100 million and the company employs more than 350 associates in five locations in the U.S. and Canada. Vernon J. Nagel, chairman and CEO of Acuity Brands, says, "We are very pleased to welcome the great team at The Luminaires Group to the Acuity Brands family. The addition of their strong brands to our lighting portfolio reinforces our commitment to bringing superior architectural solutions to our vast customer base. Acuity Brands will bring its connected, smart lighting expertise to the TLG brands through our leading and innovative drivers, controls and networking systems, which when combined with our existing complementary lighting brands, will provide our customers with an extensive catalog of customizable solutions for the specification community for applications of various sizes and complexities requiring innovative approaches, great design and optimum performance.”
Terms of the purchase agreement were not disclosed. Subject to customary closing conditions, Acuity expects the acquisition to close by the end of the month. Acuity Brands reported fiscal year 2018 net sales of $3.7 billion, and employs approximately 12,000 associates. The company is headquartered in Atlanta, with operations throughout North America, and in Europe and Asia.