M&A
confidence high
sentiment neutral
materiality 0.70
WORTHINGTON ENTERPRISES, INC. (WOR): M&A transaction — Worthington Enterprises completes acquisition of LSI Group for ~$205M
WORTHINGTON ENTERPRISES, INC.
- Acquired all equity of LSI Group from Baker Group Holdings for ~$205M, plus up to $3M tax equalization.
- Consideration funded from existing cash and borrowings under revolving credit facilities.
- LSI manufactures standing-seam metal roof clips and retrofit components for commercial roofs.
- CEO Joe Hayek says deal strengthens Worthington's position across the building envelope.