Acuity agrees to buy Parameter Technologies for $675 million
AYI•Acuity agreed to acquire data center leak detection and monitoring provider Parameter Technologies for $675 million. The deal is expected to close in the second quarter of fiscal 2027 and increase full-year adjusted diluted earnings per share.
1. Deal terms
Acuity will finance the acquisition with $500 million in borrowings and the remainder from balance-sheet cash. Parameter expects approximately $100 million in calendar 2027 sales, up more than 30% year over year, and EBITDA margins of approximately 40%.
2. Data center expansion
Parameter will join Distech Controls within Acuity Intelligent Spaces, expanding its data center capabilities as customers shift to liquid cooling.
