Patrick Industries Acquires Sea-Dog Corporation and Sea-Lect Plastics
March 15, 2021
Patrick Industries, Inc. completed the acquisition of Everett, Washington–based Sea-Dog Corporation and sister company Sea-Lect Plastics. The combined businesses (2020 revenues ~ $20 million) expand Patrick's marine aftermarket and injection-molding capabilities and are expected to be immediately accretive; the transaction was funded under Patrick's credit facility and preserves Sea‑Dog's brand and operations under the Nysether family management.
- Buyers
- Patrick Industries, Inc.
- Targets
- Sea-Dog Corporation, Sea-Lect Plastics
- Sellers
- Brad Nysether, Mark Nysether
- Industry
- Manufacturing
- Location
- Washington, United States
- Transaction Type
- Buyout
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