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LSI Industries Acquires Canada's Best Holdings, Expands Turnkey Store Fixtures Solutions Portfolio

1. LSI Industries acquires Canada's Best Holdings for $24 million. 2. The deal enhances LSI's retail solutions capabilities in commercial lighting.

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$17.7503/12 11:10 PM EDTLatest Updated
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FAQ

Why Bullish?

Acquisitions often lead to growth in market share and revenue, as seen in similar past transactions. For example, when Acuity Brands acquired Distech Controls, their stock saw an upward trend due to enhanced product offerings.

How important is it?

The acquisition is significant as it enhances LSI's competitive positioning in the retail fixtures market, which should drive future revenues.

Why Long Term?

Integration of acquisition benefits takes time, usually translating to long-term profitability. Historically, firms that successfully integrate acquisitions tend to see sustained stock price increases.

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AYIACUIVISI
CINCINNATI--(BUSINESS WIRE)--LSI Industries Inc. (Nasdaq: LYTS, “LSI” or the “Company”) a leading U.S. based manufacturer of commercial lighting and display solutions, today announced the acquisition of privately held Canada's Best Holdings (“CBH”) for an all-cash purchase price of USD $24.0 million, with a $7.0 million performance-based earnout potential. Ontario-based CBH, widely recognized as Canada's Best Store Fixtures (CBSF), is a leading provider of retail fixtures and custom store desig.

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