Patrick Industries Acquires ICON Direct (RecPro.com)
September 11, 2024
Patrick Industries, Inc. has acquired ICON Direct, Inc., which operates as RecPro.com, an e-commerce aftermarket platform focused on RV and marine parts. RecPro is expected to generate approximately $80 million in 2024 revenue and will continue to operate under its existing brand and facilities; the deal expands Patrick's aftermarket e-commerce capabilities and is expected to be accretive to net income per share.
- Buyers
- Patrick Industries, Inc.
- Targets
- ICON Direct, Inc. (operating as RecPro.com)
- Sellers
- Mike Waumans Jr.
- Industry
- E-Commerce
- Location
- Indiana, United States
- Transaction Type
- Buyout
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