LSI Industries Inc. acquired EMI Industries, LLC for $50 million.
April 17, 2024
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LSI Industries Inc. (NasdaqGS:LYTS) acquired EMI Industries, LLC for $50 million on April 18, 2024. As part of the transaction, In the full year calendar 2023, EMI reported total revenue and adjusted EBITDA of approximately $87.0 million and $5.5 million, respectively. The Company will welcome EMI?s more than 300 employees to LSI, while retaining EMI?s experienced leadership team, including President and CEO Alan Harvill, together with each of its five facilities. Following the closing of the transaction, EMI will remain an independent brand, given its established commercial presence in the market. LSI anticipates EMI will become part of LSI?s display solutions segment on a reporting basis moving forward.
LSI Industries Inc. (NasdaqGS:LYTS) completed the acquisition of EMI Industries, LLC on April 18, 2024.
LSI Industries Inc. is a producer of non-residential lighting and retail display solutions. It operates through two segments: Lighting and Display Solutions. Its Lighting Segment manufactures, markets, and sells outdoor and indoor lighting fixture and controls solutions in the commercial and industrial markets, including refueling and convenience store, parking lot and garage, quick-service restaurant, retail, grocery and pharmacy, automotive dealership, sports court and field, and warehouse. The Company services these markets through multiple channels: project business sold through electrical distributors and agents, standard products sold to and stocked by distributors, and direct to end-use customers. Its Display Solutions Segment manufactures, sells and installs exterior and interior visual image and display elements, including printed graphics, structural graphics, digital signage, menu board systems, store display fixtures, refrigerated displays, and custom display elements.
LSI INDUSTRIES INC. 
