Tracked deals
16
16 tracked deals across 2017-2026.
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.
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
Last 9 years
Supporting Data
Showing the 12 most recent of 16 tracked deals for Patrick Industries.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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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