Public Company Manufacturing

Patrick Industries

Elkhart, Indiana, United States

Leading component solutions provider serving the RV, Marine, Powersports and Housing markets. Patrick offers a full solutions model combining design, manufacturing, distribution, and transportation; headquartered in Elkhart, Indiana.

Focus Areas
RV components and systems, Marine components and accessories, Wiring and engineered electrical components

Tracked deals

16

16 tracked deals across 2017-2026.

Recent pace

2

2 tracked deals announced in the last 12 months.

Deal mix

Buyout

16 buyout

Patrick Industries Acquisition Volume by Year

Last 9 years

Acquisition volume by year Annual acquisition counts for the last 9 years for Patrick Industries. 1 2017 1 2018 5 2020 1 2021 2 2022 1 2023 2 2024 2 2025 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 16 tracked deals for Patrick Industries.

  • Buyer
    Patrick Industries
    Target
    LCI Industries (Lippert)
    Type
    Buyout

    Patrick Industries and LCI Industries entered into a definitive all-stock agreement to combine in a merger that is expected to create a component solutions provider for the outdoor enthusiast and related markets. Under the terms, LCI shareholders will receive 1.2440 shares of Patrick stock for each LCI share, and Patrick shareholders will own about 52% while LCI shareholders will own about 48% of the combined company.

  • Buyer
    Patrick Industries, Inc.
    Target
    Quality Engineered Services (QES), Egis Group, LLC (Egis)
    Industry
    Manufacturing
    Location
    United States
    Type
    Buyout

    Patrick Industries, Inc. (NASDAQ: PATK) completed the acquisitions of Quality Engineered Services (QES) of Syracuse, Indiana and Egis Group, LLC of Bellingham, Washington. The deals expand Patrick's wiring, engineered electrical components, and system-level integration capabilities for marine, RV and specialty vehicle OEM and aftermarket customers; combined trailing-12-month revenue for the two businesses was about $39 million.

  • Buyer
    Patrick Industries, Inc.
    Target
    Medallion Instrumentation Systems, LLC
    Industry
    Manufacturing
    Type
    Buyout

    Patrick Industries, Inc. completed the acquisition of Spring Lake, Michigan-based Medallion Instrumentation Systems, LLC, a provider of customized instrumentation and vehicle electronics for marine, RV, powersports, on-highway and military markets. The deal brings Medallion's engineering, display, sensor, controls and wire-harness capabilities into Patrick's component solutions portfolio and supports expansion of Patrick's technology offerings to OEM customers.

  • Buyer
    Patrick Industries, Inc.
    Target
    ICON Direct, Inc. (operating as RecPro.com)
    Seller
    Mike Waumans Jr.
    Industry
    E-Commerce
    Type
    Buyout

    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.

  • Buyer
    Patrick Industries, Inc.
    Target
    Sportech, LLC
    Seller
    Monomoy Capital Partners
    Type
    Buyout

    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.

  • Buyer
    Patrick Industries, Inc.
    Target
    BTI Transport
    Industry
    Transportation
    Type
    Buyout

    Patrick Industries, Inc. (NASDAQ: PATK) has completed the acquisition of Elkhart, Indiana–based BTI Transport, a marine transportation provider. BTI will operate as Patrick Marine Transport, expanding Patrick's transportation and logistics capabilities for OEMs and dealers in the leisure lifestyle markets.

  • Buyer
    Patrick Industries, Inc.
    Target
    Transhield, Inc.
    Seller
    Ancor Capital Partners, Midwest Mezzanine Funds
    Industry
    Manufacturing
    Type
    Buyout

    Patrick Industries, Inc. completed the acquisition of Elkhart, Indiana-based Transhield, Inc., a designer and manufacturer of protective covers and shrinkable packaging for marine, military, and industrial markets. Transhield was owned by Ancor Capital Partners and Midwest Mezzanine Funds; management will remain in place and Patrick expects manufacturing synergies and to leverage its footprint to grow Transhield's aftermarket channel.

  • Buyer
    Patrick Industries, Inc.
    Target
    Diamondback Towers, LLC (d/b/a Diamondback Marine)
    Industry
    Manufacturing
    Type
    Buyout

    Patrick Industries, Inc. completed the acquisition of Diamondback Towers, LLC d/b/a Diamondback Marine, a Cocoa, Florida-based manufacturer of premium wakeboard/ski towers and marine accessories. Patrick said the acquisition aligns with its capacity expansion and automation strategies and will allow Diamondback Marine to continue operating under its existing name and facility while leveraging Patrick’s broader resources.

  • Buyer
    Patrick Industries, Inc.
    Target
    Sea-Dog Corporation, Sea-Lect Plastics
    Seller
    Brad Nysether, Mark Nysether
    Industry
    Manufacturing
    Type
    Buyout

    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.

  • Buyer
    Patrick Industries, Inc.
    Target
    Taco Metals, LLC
    Seller
    Kushner family (Jon, Bill and Mike Kushner)
    Industry
    Manufacturing
    Type
    Buyout

    Patrick Industries, Inc. completed the acquisition of Taco Metals, LLC, a Miami-based manufacturer of marine products and accessories. Taco, a family-owned business for over 60 years, is projected to have approximately $40 million in 2020 revenue and will operate as a stand-alone brand within Patrick to expand its marine and aftermarket platform.

  • Buyer
    Patrick Industries, Inc.
    Target
    Geremarie Corporation
    Seller
    Jim Schultz (founder)
    Industry
    Manufacturing
    Type
    Buyout

    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.

  • Buyer
    Patrick Industries, Inc.
    Target
    Front Range Stone, Inc.
    Type
    Buyout

    Patrick Industries (NASDAQ: PATK) completed the acquisition of Englewood, Colorado-based Front Range Stone, a fabricator and installer of natural stone, quartz, solid surface, and laminate countertops. Front Range generated approximately $30 million of revenue in 2019 and will continue to operate under its existing brand and facilities as part of Patrick's effort to expand its countertop presence and geographic reach in the Great Plains and western housing markets.

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