M&A Deal Summary

LSI Industries Acquires CBSF

On March 11, 2025, LSI Industries acquired retailer CBSF for 31M USD

Acquisition Highlights
  • This is LSI Industries’ 1st transaction in the Retail sector.
  • This is LSI Industries’ 4th largest (disclosed) transaction.
  • This is LSI Industries’ 1st transaction in Canada.
  • This is LSI Industries’ 1st transaction in Ontario.

M&A Deal Summary

Date 2025-03-11
Target CBSF
Sector Retail
Buyer(s) LSI Industries
Deal Type Add-on Acquisition
Deal Value 31M USD

Target

CBSF

Woodbridge, Ontario, Canada
CBSF is a provider of retail fixtures and custom store design solutions for grocery, quick service restaurant, c-store, banking, and specialty retail environments. From design to fabrication and installation, CBH offers a vertically integrated, built-to-order solution that spans the full project lifecycle. CBSF was founded in 2003 and is based in Woodbridge, Ontario.

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Buyer(S) 1

Buyer

LSI Industries

Cincinnati, Ohio, United States

Category Company
Founded 1976
Sector Electrical Equipment
Employees1,900
Revenue 497M USD (2023)
DESCRIPTION

LSI Industries is a provider of affordable, high performance, energy efficient lighting and graphic products. LSI Industries was founded in 1976 and is based in Cincinnati, Ohio.


DEAL STATS #
Overall 5 of 5
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2025) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-18 EMI Industries

Tampa, Florida, United States

EMI Industries is a metal and millwork manufacturer of standard and customized fixtures, displays, and food equipment for the convenience store, grocery, and restaurant industries. EMI Industries is based in Tampa, Florida.

Buy $50M