Acuity Brands Lighting, Inc. has entered into a purchase agreement to acquire all of the equity interests of spec-grade luminaire manufacturer The Luminaires Group, home to five niche lighting brands: a-light, Cyclone, Eureka, Luminaire LED and Luminis.
The Luminaires Group generates annual sales of approximately $100 million and employs more than 350 associates located across five locations in the U.S. and Canada. Each brand has its own niche focus: a-light designs and markets indoor architectural lighting to enhance contemporary spaces; Cyclone specializes in high-quality outdoor decorative luminaires for the municipal market; Eureka concentrates on indoor and outdoor contemporary decorative lighting; Luminaire LED offers indoor and outdoor vandal-resistant lighting to withstand both environmental and physical abuse; and Luminis designs a wide range of indoor and outdoor specification lighting products for commercial and institutional applications.
Terms of the purchase agreement were not disclosed. The acquisition is subject to customary closing conditions. Management anticipates the acquisition will be completed by the end of September 2019.
