Patrick Industries Acquires Sportech From Monomoy Capital Partners for Approximately $315 Million
January 11, 2024
Patrick Industries has signed a definitive agreement to acquire Sportech, LLC for approximately $315 million. The all-cash deal is expected to close on or before January 24, 2024, subject to customary conditions and regulatory approval. Monomoy Capital Partners will sell the powersports cab components supplier it acquired in 2019.
- Buyers
- Patrick Industries, Inc.
- Targets
- Sportech, LLC
- Sellers
- Monomoy Capital Partners
- Industry
- Industrial Services
- Location
- Minnesota, United States
- Transaction Type
- Buyout
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