Alantra advises JSI Store Fixtures on sale to LSI Industries

Jun 2021

Sell-side advisory

Boston – Alantra, a leading global investment bank and asset management firm, is pleased to announce the sale of JSI Store Fixtures, an RFE Investment Partners portfolio company, to LSI Industries, Inc. (NASDAQ: LYTS). The transaction closed on May 21, 2021 for a cash purchase price of $90 million.

Headquartered in Milo, Maine, JSI is a fast-growing manufacturer of refrigerated and non-refrigerated retail display solutions serving the grocery and convenience store markets. With more than 30 years of industry experience, JSI operates four design and manufacturing facilities across the United States and Canada. Multi-year growth in demand for fresh foods, prepared “grab-and-go” meals and evolving consumer purchasing habits have led to increased demand for JSI’s display fixtures across a deep base of established national accounts. JSI has developed longstanding relationships with the top retail food chains who rely on JSI’s strategic, North American footprint for quality production and guarantee of on-time delivery.

The Alantra team advising JSI included Wade Aust (Managing Director & Partner), David Waldstein (Managing Director), and Jon Tetirick (Director).

“We are pleased to have been able to facilitate the combination of JSI and LSI,” said Mr. Aust. “LSI is the ideal partner to drive JSI’s continued growth within the grocery and c-store channels.”

Mr. Waldstein added, “Alantra is the leading advisor to in-store display and merchandising companies globally and this transaction adds to the credentials of our dedicated practice.”

Mr. Tetirick concluded, “It was a pleasure to work with the shareholders of JSI throughout the transaction process, which was very competitive and a great outcome for all involved.”