LSI Industries acquires Canada's Best Holdings for $31M in accretive all-cash deal

LSI INDUSTRIES INC

All-cash purchase price of $24M plus $7M performance earnout; funded via cash and $100M credit facility.
CBH averaged $24M sales and $4M adjusted EBITDA over last two fiscal years; expected immediately accretive to EPS.
Third custom-display acquisition in four years (JSI 2021, EMI 2024); expands Canadian manufacturing footprint.
Minimal customer overlap: ~80% of CBH revenue from customers not currently served by LSI.
Pro-forma net debt to trailing EBITDA ~1.1x; LSI aims to significantly reduce leverage within 24 months.

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