Lakeland completes two PPE service acquisitions for $9.5M; ~$5M recurring revenue

LAKELAND INDUSTRIES INC

Total consideration $9.5M: $4M cash for Arizona PPE; $5.5M ($3.4M stock + $2.1M cash) for California PPE.
Combined companies generate ~$5M annual recurring revenue from decontamination, inspection, repair, and rental of firefighting PPE.
Founders Scott & DeAnna Petersen remain at Arizona PPE; Mike Glaze stays as California PPE President and will lead U.S. service expansion.
Acquisitions expand Lakeland's fire service footprint in North America, complementing existing LHD services in Asia and Australia.

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