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Lake Street serves as financial advisor to the Board of Directors of WSI Industries, Inc. (NasdaqCM:WSCI) and rendered a Fairness Opinion related to its pending acquisition by Polaris Industries Inc.

September 6, 2018

Lake Street is pleased to announce it acted as a financial advisor to the Board of Directors of WSI Industries, Inc. (NasdaqCM:WSCI) and rendered a Fairness Opinion related to its pending acquisition by Iceman Merger Sub, Inc., a wholly-owned subsidiary of Polaris Industries Inc. Under the merger agreement, Polaris will acquire all of WSI Industries common stock for $7.00 per share resulting in a WSI Industries enterprise value of approximately $23.9 million.

About WSI Industries, Inc. (NasdaqCM:WSCI)

WSI Industries, Inc. is a leading contract manufacturer that specializes in the machining of complex, high-precision parts for a wide range of industries, including automotive, avionics and aerospace, energy, recreational vehicles, small engines, bioscience and the defense markets.

About Polaris Industries Inc. (NYSE:PII)

Polaris Industries Inc. is a global powersports leader that has been fueling the passion of riders, workers and outdoor enthusiasts for more than 60 years. With annual 2017 sales of $5.4 billion, Polaris’ innovative, high-quality product line-up includes the RANGER®, RZR® and Polaris GENERAL™ side-by-side off-road vehicles; the Sportsman® and Polaris ACE® all-terrain off-road vehicles; Indian Motorcycle® midsize and heavyweight motorcycles; Slingshot® moto-roadsters; snowmobiles; and pontoon, deck and cruiser boats. Polaris enhances the riding experience with parts, garments and accessories, along with a growing aftermarket portfolio, including Transamerican Auto Parts. Polaris’ presence in adjacent markets globally include military and commercial off-road vehicles, quadricycles, and electric vehicles. Proudly headquartered in Minnesota, Polaris serves more than 100 countries across the globe.

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