Acuity Brands’ Acquisition of Lucid Design Group


Wilson Sonsini Goodrich & Rosati advised Lucid Design Group in the transaction.

Acuity Brands, Inc. (NYSE: AYI) today announced it has acquired Lucid Design Group, Inc. (Lucid), an Oakland, CA-based provider of building analytics through its industry-leading BuildingOS® business intelligence platform. The Company believes the combination of Lucid’s BuildingOS platform and Acuity Brands’ large installed base of networked sensors for lighting and building automation controls and its Atrius(TM) Internet of Things (IoT) ecosystem will provide the industry’s most comprehensive building operations and analytics platform, enabling customers to have unparalleled insights about their energy use and other building operations.

Lucid provides a data and analytics platform to make data-driven decisions to improve building efficiency and drive energy conservation and savings. Its SaaS-based BuildingOS platform enables owners, operators, and occupants to gain powerful insights into the operations of their buildings, providing the ability to make them more efficient and improve the performance of the people and businesses utilizing these strategic assets.

BuildingOS has been adopted by more than 500 customers and provides analytics for more than 15,000 buildings. It empowers over 12,000 energy and sustainability management professionals in maximizing energy efficiency while improving occupant satisfaction within their buildings.

The acquisition of Lucid is not expected to have a material impact on the fiscal 2018 consolidated financial performance of Acuity Brands. Terms of the acquisition were not disclosed.

Lucid Design Group, Inc. provides cloud-based building management software solutions to organizations. It offers resource optimization, compliance reporting, occupant engagement, finance and planning, and portfolio management solutions. The company, led by Will Coleman, John Petersen, Vladi Shunturov, Gavin Platt and Michael Murray was founded in 2004 and is based in Oakland, California.

Wilson Sonsini Goodrich & Rosati advised Lucid in the transaction with Bob O’Connor (Picture), Denny Kwon, Carrie Kibler, Brendan Mahan, Rob Moreno, Andrew Butler and Nico Kerr.

Involved fees earner: Robert O’Connor – Wilson Sonsini Goodrich & Rosati; Denny Kwon – Wilson Sonsini Goodrich & Rosati; Carrie Kibler – Wilson Sonsini Goodrich & Rosati; Brendan Ripley Mahan – Wilson Sonsini Goodrich & Rosati; Rob Moreno – Wilson Sonsini Goodrich & Rosati; Andrew Butler – Wilson Sonsini Goodrich & Rosati; Nicolas Kerr – Wilson Sonsini Goodrich & Rosati;

Law Firms: Wilson Sonsini Goodrich & Rosati;

Clients: Lucid Design Group, Inc.;

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Author: Ambrogio Visconti