Patrick Industries Acquires Sportech from Monomoy Capital Partners for Approximately $315 Million
January 11, 2024
Patrick Industries agreed to acquire Sportech, a Minnesota-based designer and manufacturer of cab components and assemblies for powersports and adjacent OEM markets, for approximately $315 million. The all-cash transaction (funded with Patrick's cash and borrowings) is expected to close on or before January 24, 2024 and will make Sportech a wholly owned subsidiary of Patrick to support growth in the powersports/end markets and realize revenue and cost synergies.
- Buyers
- Patrick Industries, Inc.
- Targets
- Sportech, LLC
- Sellers
- Monomoy Capital Partners
- Industry
- Manufacturing
- Location
- Minnesota, United States
- Transaction Type
- Buyout
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Monomoy Capital Partners Acquires Sportech, Inc.
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