05:35 PM EDT, 03/24/2026 (MT Newswires) -- LSI Industries ( LYTS ) said late Tuesday it completed the acquisition of Royston from Industrial Opportunity Partners for $325 million, comprising $320 million in cash and $5 million in company shares.

The transaction was funded through a combination of debt and the proceeds of a public offering of common shares.

The company's fiscal Q3 financial results will include six days of financial contribution from Royston, according to the company.