M&A Deal Summary

Patrick Acquires Baymont

On September 5, 2017, Patrick acquired building materials company Baymont for 3M USD

Acquisition Highlights
  • This is Patrick’s 9th transaction in the Building Materials sector.
  • This is Patrick’s 25th largest (disclosed) transaction.
  • This is Patrick’s 34th transaction in the United States.
  • This is Patrick’s 1st transaction in Mississippi.

M&A Deal Summary

Date 2017-09-05
Target Baymont
Sector Building Materials
Buyer(s) Patrick
Deal Type Add-on Acquisition
Deal Value 3M USD

Target

Baymont

Belmont, Mississippi, United States
website
Baymont, Inc. is a manufacturer and supplier of fiberglass showers, tubs, and tile systems for the manufactured housing ("MH") and industrial markets. Baymont operates out of multiple manufacturing facilities in Golden, Mississippi.

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Buyer(S) 1

Buyer

Patrick

Elkhart, Indiana, United States

website


Category Company
Founded 1959
Sector Building Materials
Employees8,800
Revenue 4.9B USD (2022)
DESCRIPTION
Entrance to Patrick Industries' corporate headquarters in Elkhart, Indiana.
Entrance to Patrick Industries' corporate headquarters in Elkhart, Indiana.

Patrick is a manufacturer of building products and materials to the manufactured housing and recreational vehicle industries in the United States. The Company also supplies many of its products to the Industrial market that include customers in the kitchen cabinet, household furniture, fixtures and commercial furnishings, marine, architectural and the automotive aftermarket. Patrick was founded 1959 and is based in Elkhart, Indiana.


DEAL STATS #
Overall 34 of 60
Sector (Building Materials) 9 of 16
Type (Add-on Acquisition) 30 of 54
State (Mississippi) 1 of 1
Country (United States) 34 of 60
Year (2017) 4 of 6
Size (of disclosed) 25 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-17 Wire Design

Elkhart, Indiana, United States

Wire Design, Inc. is a manufacturer of wire harnesses for the recreational vehicle ("RV"), marine and industrial markets. Wire Design has been producing quality wire harnesses for over 30 years. Our Sales and Engineering Departments are second to none. We communicate with customers to fully understand their specifications. Via CAD we convert the specifications into production ready models. Our expertise and experience have provided us a reputation of delivering quality products, on time, at a fair price.

Buy $11M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 Indiana Transport

Elkhart, Indiana, United States

Indiana Transport, Inc. is a transportation and logistics service provider primarily to original equipment manufacturers ("OEMs") and dealers in the recreational vehicle ("RV") market.

Buy -