May River Capital has agreed to sell Parameter Technologies to Acuity Inc.
Parameter Technologies
Parameter Technologies (Parameter) is a leading provider of proprietary monitoring and detection solutions for data centers, utilities and critical infrastructure. Parameter offers a comprehensive portfolio of advanced leak detection, battery and environmental monitoring solutions that ensure operational uptime, employee safety and avoid costly infrastructure failure. The company’s designs are often specified into reference architecture as an entrusted brand of the leading global hyperscalers, chip makers, colocation providers, enterprise users and key channel partners. Parameter’s technology-agnostic solutions enable seamless integration with end users’ data center infrastructure management (DCIM), battery management systems (BMS) and cooling technologies, providing real-time monitoring of the most guarded assets. For more information, visit www.parameter-tech.com.
The Deal
May River invested in RLE Technologies (the predecessor name to Parameter) in November 2023 and combined it with NDSL (Cellwatch) via acquisition in December 2024, creating the Parameter platform. Alongside May River, Parameter integrated two highly complementary brands, invested in new product development, bolstered the commercial organization and quadrupled available capacity, resulting in a more scalable organization to support customers.
May River and Parameter engaged Lincoln International as the lead financial advisor given its deep expertise across the data center and utility infrastructure landscape, close relationships with the most active acquirers seeking to invest in data center technologies and proven ability to deliver exceptional outcomes.
Under the terms of the agreement, Acuity has agreed to acquire Parameter, and the transaction is subject to customary closing conditions and regulatory approvals (expected to close in the fourth quarter of 2026). The acquisition of Parameter complements Acuity’s existing portfolio of building automation, controls and software solutions for infrastructure applications across data centers and other mission-critical environments. In combination, Acuity will offer a more complete solution that helps customers detect issues earlier, protect uptime, improve serviceability and generate valuable operational data throughout the asset lifecycle.
Our Perspective
Brian Goodwin, Sean Bennis and Andrew Moen, Lincoln International Managing Directors who led the transaction, commented, “Parameter is uniquely positioned to capitalize on increasing demand for its monitoring, detection and sensing solutions across the data center ecosystem, particularly with the continued proliferation of liquid / hybrid cooling environments. We are proud to have advised May River and the Parameter team on this transaction and look forward to the company’s continued success with Acuity.”
May River Capital
May River Capital is a Chicago-based private equity firm focused on investing in lower-middle market industrial growth companies. May River invests in high-quality industrial growth businesses, including advanced manufacturing, engineered products and instrumentation, specialized industrial services and value-added industrial distribution services. For more information, visit www.mayrivercapital.com.
Acuity Inc.
Acuity Inc. (NYSE: AYI) is a market-leading industrial technology company. Acuity uses technology to solve problems in spaces, light and more things to come. Through its two business segments, Acuity Brands Lighting (ABL) and Acuity Intelligent Spaces (AIS), Acuity designs, manufactures and brings to market products and services that make a valuable difference in people’s lives. Acuity achieves growth through the development of innovative new products and services, including lighting, lighting controls, building management solutions and an audio, video and control platform. Acuity focuses on customer outcomes and drives growth and productivity to increase market share and deliver superior returns. Acuity looks to aggressively deploy capital to grow the business and to enter attractive new verticals. Acuity Inc. is based in Atlanta, Georgia, with operations across North America, Europe and Asia. The company is powered by approximately 13,000 associates. For more information, visit https://www.businesswire.com/news/home/20261025826664/en/Parameter-Technologies-Announces-Agreement-to-Be-Acquired-by-Acuity-Inc.-as-Part-of-Distech-Controls.
Meet our Senior Team in Industrials
View More Transactions in Industrials
Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.