Patrick Industries Acquires Geremarie Corporation
November 17, 2020
Patrick Industries has completed the acquisition of Lake Zurich, Illinois-based Geremarie Corporation, a designer and manufacturer of high-precision aluminum components serving marine, medical, aerospace, defense and industrial markets. The company projected Geremarie's full-year 2020 revenues at approximately $44 million; the acquisition was funded under Patrick's existing credit facility and Geremarie will operate as a stand-alone business at its existing facility.
- Buyers
- Patrick Industries, Inc.
- Targets
- Geremarie Corporation
- Sellers
- Jim Schultz (founder)
- Industry
- Manufacturing
- Location
- Illinois, United States
- Transaction Type
- Buyout
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