Worthington Enterprises completes $205 million LSI Group acquisition, expanding commercial metal roofing components footprint nationwide
Deal closes after December agreement, bringing Indiana-based manufacturer into Columbus company’s Building Products segment
Worthington Enterprises has completed its $205 million acquisition of LSI Group, a Logansport, Indiana-based manufacturer focused on components used in commercial metal roofing systems. The transaction closed on January 16, 2026, following a definitive agreement announced on December 16, 2025.
LSI Group operates a set of businesses and brands that include BPD, Logan Stampings, LSI Metal Fabrication and Roof Hugger. The acquired company is described as one of the largest U.S. manufacturers of standing-seam metal roof clips and retrofit components serving the commercial metal roof market—parts used to secure roof panels and support retrofit projects on existing buildings.
How the acquisition was financed and structured
Worthington said the purchase price was approximately $205 million and was funded through a combination of cash on hand and borrowings under the company’s revolving credit facility. A regulatory filing related to the closing also described the purchase price as subject to customary closing adjustments and referenced a potential tax equalization payment of up to $3 million.
The same filing stated the acquisition involved the purchase of all issued and outstanding equity interests of LSI Group and its subsidiaries from Baker Group Holdings, LLC.
Strategic fit: building-envelope expansion
Worthington framed the transaction as a move to strengthen its position “across the building envelope,” a construction-industry term describing the exterior elements that protect a building from the environment, including roofing systems. With LSI’s portfolio, Worthington adds product lines tied to commercial roofing retrofit work, a market segment influenced by building maintenance cycles and renovation spending.
The company has emphasized growth through acquisitions since becoming a standalone business in December 2023, when its steel processing operations separated into Worthington Steel. Worthington Enterprises is headquartered in Columbus and reports two primary business segments: Building Products and Consumer Products.
Recent M&A activity in Building Products
The LSI acquisition follows other Building Products expansion moves, including the June 2025 acquisition of Elgen Manufacturing, a designer and manufacturer of HVAC parts and components used in commercial buildings. In December 2025, Worthington also announced the acquisition of a propane tank distribution and refurbishment business based in Minnesota.
Buyer: Worthington Enterprises Inc. (NYSE: WOR), headquartered in Columbus, Ohio
Target: LSI Group, LLC, based in Logansport, Indiana
Purchase price: Approximately $205 million (with customary closing adjustments)
Closing date: January 16, 2026
Financing: Cash on hand and revolving credit borrowings
Worthington said the closing marks another step in its strategy to deepen its Building Products portfolio and customer engagement across building-system categories.