Foley Represents DLB in Sale of Majority Stake to Accenture
Foley & Lardner LLP represented DLB Associates and its affiliated companies (collectively “DLB”), an industry leader and trailblazer in engineering and consulting services for data centers and related mission critical facilities, in the sale of a majority stake to Accenture (NYSE: ACN).
The acquisition of DLB expands Accenture’s end-to-end data center capabilities to help software, platforms, and high-tech clients accelerate time to market and meet demand for AI enablement. DLB’s approximately 620 employees are now part of Accenture’s Industry X practice, augmenting its infrastructure and capital projects capabilities.
DLB is a leader in data center site selection, due diligence, design engineering, commissioning, construction quality management, and energy optimization services. A trusted partner to some of the largest and most innovative hyperscalers, emerging hyperscalers, neo-clouds, and colocation providers, DLB helps clients accelerate speed to market and deliver successful outcomes through an innovative, creative, and holistic approach.
The Foley transaction team was led by partners Susan Pravda and Alexander Miska and included associates Ryan McNulty, Ellie O’Neill, Jay Ritter, Bayleigh Sauerwald, Tyler Kennedy, Kenna Pierce, and Sarah McGrath. Additional subject matter support was provided by partners Benjamin Dryden, Chanley Howell, Christopher King, Casey Knapp, Ethan Lenz, Benjamin Morris, John Palmer, Larry Perlman, and Joshua Roling, of counsel Isaac Morris, senior counsel Taylor Appling, Nick Johnson, and Sonia Kothari, and associates Lindsey Birch, Richard Flannery, Iris Grossman, Lauren Hudon, Kenneth Johnson, and Cullen Werwie.