LSI Industries Acquires Canada’s Best Holdings (Canada’s Best Store Fixtures)

LSI Industries (Nasdaq: LYTS) acquired Ontario-based Canada’s Best Holdings (operating as Canada’s Best Store Fixtures) in an accretive, all-cash transaction with a $24.0 million purchase price plus a $7.0 million performance earnout (total potential consideration of $31.0 million). The deal expands LSI’s turnkey retail fixtures, custom display and installation capabilities in Canada, adds ~120 employees and four manufacturing/distribution facilities, and is expected to be immediately accretive to margins and EPS.