LSI Industries Inc. acquired Canada's Best Store Fixtures Inc for $32.9 million.
Published on 03/10/2025 at 19:00
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LSI Industries Inc. (NasdaqGS:LYTS) acquired Canada's Best Store Fixtures Inc for $32.9 million on March 11, 2025. The consideration includes all-cash purchase price of $25.9 million, with a $7 million performance-based earnout potential. CBH represents an important bolt-on acquisition. LSI funded the acquisition of CBH utilizing cash and availability under its $100 million credit facility. As part of the transaction, the Company will welcome CBH?s 120 employees to LSI, while retaining CBH?s experienced leadership team, including President and CEO Bud Morris, together with each of its four facilities. CBH will remain an independent brand, given its established commercial presence in the market. CBH will become part of LSI?s display solutions segment on a reporting basis beginning in the fiscal third quarter of 2025. The transaction is expected to be immediately accretive on a margin rate and earnings per share basis. Blair Agnew, Jonathan Sherman of Oaklins Canada Inc. acted as financial advisor to Canada's Best Store Fixtures Inc.
LSI Industries Inc. (NasdaqGS:LYTS) completed the acquisition of Canada's Best Store Fixtures Inc on March 11, 2025.
LSI Industries Inc. is a producer of non-residential lighting and retail display solutions. The Company operates through two segments: Lighting and Display Solutions. The Lighting Segment manufactures, markets, and sells outdoor and indoor lighting fixtures and control solutions in the vertical markets: refueling and convenience store, parking lot and garage, quick-service restaurant, retail, grocery and pharmacy, automotive dealership, sports court and field, and warehouse. It services these markets through multiple channels: project business sold through electrical distributors and agents and shipped directly to the customer; standard products sold to and stocked by distributors, and direct to end-use customers. The Display Solutions Segment also manufactures, sells and installs exterior and interior visual image and display elements, including printed graphics, structural graphics, digital signage, menu board systems, refrigerated displays, and custom display elements.
