CHICAGO – August 6, 2007 – Acuity Brands, Inc. has acquired Mark Lighting Fixture Company, Inc. (“Mark Architectural Lighting”). Terms of the transaction were not disclosed.
RSM EquiCo Capital Markets initiated the transaction, led the negotiations and acted as exclusive financial advisor to Mark Architectural Lighting.
"Mark Architectural Lighting brings additional vigor to our growing portfolio of specialty brands. This acquisition is part of our broader strategy to enhance our service to the architectural community, particularly in New York City, and to expand Mark Architectural Lighting's access to market through our industry leading network of sales agencies,” said Vernon J. Nagel, Chairman, president and CEO of Acuity Brands. “We expect this acquisition to allow us to deliver even greater value to our customers, sales representatives, employees, and shareholders and to be accretive to fiscal year 2008 earnings."
A team of RSM EquiCo Capital Markets professionals contributed to the successful close of this transaction. Juan Morrison, managing director, engaged the client and secured the relationship, while Brian Boyle, senior managing director and John Hennessey, vice president, led the deal team.
About RSM EquiCo Capital Markets
RSM EquiCo Capital Markets LLC (www.rsmequico.com) is a global provider of investment banking services to private and public companies with annual revenues of up to $1 billion. The firm brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.
RSM EquiCo Capital Markets is licensed by the SEC and all state securities authorities, and is a member of the FINRA and SIPC. The firm’s international headquarters are located in Costa Mesa, Calif. It also has offices in Chicago, Boston, New York and London.
About Mark Architectural Lighting
Established in 1965, Mark Architectural Lighting is a specification-oriented manufacturer of high-quality lighting products. Additionally, Mark Architectural Lighting is an innovative and creative resource within the architectural design community, leveraging extensive capabilities to allow designers to fully express their vision from inception to completion. Mark Architectural Lighting, with fiscal year 2006 sales of over $22 million, will continue operations in its existing facility, focusing on key customers and competencies.
About Acuity Brands, Inc.
Acuity Brands, Inc., with fiscal year 2006 net sales of approximately $2.4 billion, is comprised of Acuity Brands Lighting and Acuity Specialty Products. Acuity Brands Lighting is one of the world's leading providers of lighting fixtures and includes brands such as Lithonia Lighting®, Holophane®, Peerless®, Hydrel®, American Electric Lighting®, Gotham®, Carandini®, SpecLight®, MetalOptics® and Antique Street Lamps(TM). Acuity Specialty Products is a leading provider of specialty chemicals and includes brands such as Zep®, Zep Commercial®, Enforcer®, and Selig(TM). Acuity Brands employs approximately 10,000 people and has operations throughout North America and in Europe and Asia.
CONTACT:
RSM EquiCo Inc.
Todd Cooley, Director of Communications
714.327.8865
tcooley@rsmequico.com