Legrand North and Central America, a global specialist in electrical and digital building infrastructures, closed a $1.2 billion acquisition of Milestone AV Technologies, a leading designer and manufacturer of branded AV products for both the consumer and commercial AV markets. Our firm represented Legrand in the transaction, providing multidisciplinary counsel on all legal aspects of the transaction in the U.S. and coordinating multiple foreign counsel relationships.
Having expanded its portfolio of well-known product lines to service clients globally, Legrand viewed the acquisition of Milestone AV Technologies as an important one, as it facilitated the combination of Milestone AV Technologies with Legrand’s existing Middle Atlantic Products business line under Legrand’s AV division. The transaction also further strengthened Legrand’s positions in digital infrastructure, particularly the AV infrastructure and power segment in the U.S., which Legrand considers a high-value area. Milestone AV Technologies was viewed as a leader in commercial and residential AV mounts, as well as in projector screens.
Our firm provided deal structuring and negotiation services, as well as counsel on real estate, environmental, employment, employee benefits and tax issues, and has previously assisted Legrand with additional acquisitions that have expanded its business into high-performance lighting solutions and products, and intelligent power distribution units for data centers.