LSI Industries Inc.

NASDAQ:LYTS   3:57:17 PM EDT
7.67
-0.16 (-2.04%)
Debt Financing / Related, Mergers / Acquisitions

LSI Industries Acquires JSI Store Fixtures

Published: 05/24/2021 21:40 GMT
LSI Industries Inc. (LYTS) - Lsi Industries Acquires Jsi Store Fixtures, Creating Leading Commercial Lighting and Display Solutions Company.
Lsi Industries Inc - Announced Acquisition of Privately Held Jsi Store Fixtures From Rfe Investment Partners for a Cash Purchase Price of $90 Million.
Lsi Industries Inc - Funded All-cash Acquisition of Jsi Utilizing Its Existing Cash Balance and Availability Under Its $100 Million Credit Facility.
Lsi Industries Inc - Upon Closing, Transaction Will Be Immediately Accretive to Lsi on an Adjusted Earnings per Share Basis.