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Key EF, Acuity Brands Partner on LED Lighting Finance Program

April 08, 2015, 07:09 AM
Filed Under: Vendor Finance News

Acuity Brands and Key Equipment Finance announced that the two companies have teamed up to provide flexible financing solutions to qualified Acuity Brands customers converting to energy-efficient LED lighting and installing smart lighting networks.

The arrangement will provide customers of Acuity Brands -- a leading provider of indoor and outdoor LED lighting solutions -- with flexible financing options that cover the total cost of upgrading to an energy-efficient LED smart lighting network that may include a platform for connecting to the Industrial Internet of Things (IIoT). By doing so, customers can take full advantage of Acuity Brands' LED lighting and controls solutions, which can include installation, design and layout, training, commissioning of networked lighting controls, maintenance and other soft costs. Financing with Key Equipment Finance also gives customers the ability to conserve cash and take advantage of the benefits and flexibility of financing capital equipment.

Customers who may want to take advantage of this opportunity include those managing qualified municipalities, industrial complexes, educational institutions, healthcare facilities and other businesses that may benefit from financing into one, predictable monthly payment for the complete bundle of services and products from Acuity Brands.

"Organizations are eager to attain the benefits of LED lighting and IIoT, and our partnership with Key Equipment Finance is hastening their ability to adopt this business-transformative technology," said Fawaz Khalil, VP Vertical Markets & Solutions, at Acuity Brands Lighting, Inc. "This comprehensive finance option removes the requirement of an initial outlay of capital, and allows the customer to start reaping the energy savings and lighting quality benefits of LED on day one. In most cases, the energy savings from replacing conventional lighting sources with LED will pay for the upgrade costs completely."

Acuity Brands cited Key Equipment Finance's 40 years' of industry experience and its longstanding relationship with the company as primary reasons for selecting Key Equipment Finance as its finance partner.

"We look forward to working with the team at Acuity Brands to implement this innovative finance program, which is designed with their customers' needs in mind," said Brian DePonte, Senior Vice President of Innovation Markets at Key Equipment Finance. "Acuity Brands' customers can enjoy the energy savings, reduced operating expenses, increased functionality, and improved lighting quality of a smart LED lighting network with one predictable monthly payment for the complete package."

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