Mergers & Acquisitions
Worthington to Buy Metal Roofing Firm LSI for $205M
Deal adds metal roof clips and retrofit solutions to portfolio

Worthington Enterprises has agreed to acquire LSI Group, a U.S. manufacturer of commercial metal roofing components, in a transaction valued at approximately $205 million that strengthens Worthington’s Building Products portfolio and expands its reach in the commercial roofing market.
Worthington, based in Columbus, Ohio, plans to fund the acquisition with cash on hand and borrowings under its revolving credit facility. The deal is expected to close in January 2026, pending regulatory approval and customary closing conditions.
“The addition of LSI will further strengthen our Building Products portfolio and deepen engagement with customers across the entire building envelope,” said Joe Hayek, president and CEO of Worthington Enterprises. “LSI has built an exceptional reputation for quality, industry-leading lead times and customer service, supported by long-term relationships and a people-first culture that aligns well with our own.”
Worthington cited growing demand for resilient, energy-efficient and code-compliant roofing systems as building owners respond to evolving weather patterns, rising energy costs and aging commercial infrastructure. Many roofs installed during the early-2000s construction boom are now reaching the end of their service life, driving demand across industrial, retail, institutional, hospitality, data center and mixed-use facilities.
LSI Group, based in Logansport, Ind., is one of the largest U.S. manufacturers of standing seam metal roof clips, which secure metal panels to the roof substrate. A typical 10,000-square-foot metal roof can require 8,000 to 10,000 clips. LSI also serves the retrofit market through its Roof Hugger brand of metal sub-purlins, allowing new metal roofs to be installed over existing systems. Compared to full tear-offs, retrofit systems can lower installation costs, improve energy efficiency, enhance code compliance and reduce disruption.
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“LSI has earned its leadership position through precision manufacturing, advanced automation and deep engineering expertise,” said Jimmy Bowes, president of Building Products at Worthington Enterprises. “Their U.S.-based production delivers consistent quality and fast lead times, and their new construction and retrofit solutions are well positioned to support stronger, longer-lasting structures.”
Founded in 1968 as Logan Stampings, LSI operates two manufacturing facilities in Logansport. Owner and President Robert Baker, who acquired the company in 2004, will continue to lead the LSI business following the acquisition.
“Joining Worthington Enterprises marks an exciting new chapter for LSI,” Baker said. “Together, we’ll accelerate innovation, expand our reach and create new opportunities for our employees while continuing to serve customers across the commercial roofing market.”
J.P. Morgan Securities LLC is serving as financial advisor to Worthington Enterprises, with Vorys acting as legal counsel. Bellmark Partners LLC and Calfee are advising LSI Group.
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