A Drinker Biddle team led by Jim Fischer represented Legrand North and Central America in its $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. Legrand is a global specialist in electrical and digital building infrastructures that expanded its portfolio of well-known product lines to service clients globally.
The acquisition of Milestone AV Technologies was an important one for Legrand, allowing for the combination of Milestone AV Technologies with Legrand’s existing Middle Atlantic Products business line under the AV division of Legrand. The transaction further strengthened Legrand’s positions in digital infrastructure, in particular in the AV infrastructure and power segment in the U.S., which Legrand considers a high-value area. Milestone AV Technologies is viewed as a leader in commercial and residential AV mounts, as well as in projector screens.
Our team advised Legrand on all U.S. legal aspects of the transaction and coordinated multiple foreign counsel relationships, including deal structuring and negotiation, as well as real estate, environmental, employment, employee benefit and tax issues. The team also included Alex Meiseles, Sam Marll, Laura Fix, Chad Lange, Alison Cordova and Kyle Jaep.
In recent years we have assisted Legrand with additional acquisitions that have expanded its business into high-performance lighting solutions and products, and intelligent power distribution units for datacenters.