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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