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LSI Industries completes $325M Royston Group acquisition
LSI Industries Inc. (NASDAQ:LYTS) has completed its acquisition of Royston Group for $325 million, comprising cash and LSI common stock. This strategic move, financed through debt and a public stock offering, significantly expands LSI’s retail solutions platform and increases its debt-to-equity ratio to 1.75. The acquisition is expected to integrate Royston’s financial results into LSI’s Display Solutions segment starting in fiscal 2026 third quarter, following Royston’s generation of approximately $272 million in revenue and $38 million in adjusted EBITDA for the twelve months ending September 30, 2025.