LSI Industries Inc. (NasdaqGS:LYTS) acquired EMI Industries, LLC for $50 million on April 18, 2024. As part of the transaction, In the full year calendar 2023, EMI reported total revenue and adjusted EBITDA of approximately $87.0 million and $5.5 million, respectively. The Company will welcome EMI?s more than 300 employees to LSI, while retaining EMI?s experienced leadership team, including President and CEO Alan Harvill, together with each of its five facilities. Following the closing of the transaction, EMI will remain an independent brand, given its established commercial presence in the market. LSI anticipates EMI will become part of LSI?s display solutions segment on a reporting basis moving forward.

LSI Industries Inc. (NasdaqGS:LYTS) completed the acquisition of EMI Industries, LLC on April 18, 2024.