M&A Deal Summary

Patrick Acquires BH Electronics

On August 1, 2016, Patrick acquired electrical equipment company BH Electronics from Enerpac Tool Group for 35M USD

Acquisition Highlights
  • This is Patrick’s 2nd transaction in the Electrical Equipment sector.
  • This is Patrick’s 9th largest (disclosed) transaction.
  • This is Patrick’s 28th transaction in the United States.
  • This is Patrick’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2016-08-01
Target BH Electronics
Sector Electrical Equipment
Buyer(s) Patrick
Sellers(s) Enerpac Tool Group
Deal Type Divestiture
Deal Value 35M USD

Target

BH Electronics

Munford, Tennessee, United States
website
BH Electronics, Inc. is a major designer, engineer and manufacturer of custom thermoformed dash panel assemblies, center consoles and trim panels, complete electrical systems, including wiring harnesses, AC panels, circuit breakers and battery boxes, and related components and parts. BHE operates out of five facilities strategically located throughout the Southeast that service many of the leading recreational boat manufacturers in the U.S.

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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 28 of 60
Sector (Electrical Equipment) 2 of 4
Type (Divestiture) 4 of 5
State (Tennessee) 1 of 3
Country (United States) 28 of 60
Year (2016) 6 of 8
Size (of disclosed) 9 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-05 Vacuplast

Portland, Oregon, United States

Vacuplast LLC (L.S. Manufacturing, Inc.) is a manufacturer of a wide variety of thermoformed plastic parts and components, primarily serving the recreational vehicle ("RV") market, as well as certain industrial markets.

Buy $11M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-05 Sigma Wire International

Elkhart, Indiana, United States

Sigma Wire is a fully capable manufacturer of quality wire and cable. Sigma Wire International prouds itself on the ability to control all processes under one roof. From wire drawing, through extrusion and final packaging, Sigma Wire is able to assure the highest process control standards every step of the way. Sigma's engineering staff will provide customer assistance to develop the proper wire characteristics for any particular application.

Buy -

Seller(S) 1

SELLER

Enerpac Tool Group

Menomonee Falls, Wisconsin, United States

website


Category Company
Founded 1910
Sector Machinery
Employees2,200
Revenue 571M USD (2022)
DESCRIPTION
Entrance to Actuant's corporate headquarters in Menomonee Falls, Wisconsin.
Entrance to Actuant's corporate headquarters in Menomonee Falls, Wisconsin.

Enerpac Tool Group is a premier industrial tools and services company serving a broad and diverse set of customers in more than 90 countries. Enerpac Tool Group businesses are in high-pressure hydraulic tools, controlled force products and solutions for precise positioning of heavy loads that help customers safely and reliably tackle some of the most challenging jobs around the world. Enerpac Tool Group was founded in 1910 and is based in Menomonee Falls, Wisconsin.


DEAL STATS #
Overall 5 of 8
Sector (Electrical Equipment) 3 of 3
Type (Divestiture) 5 of 8
State (Tennessee) 1 of 1
Country (United States) 4 of 5
Year (2016) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-30 FourQuest Energy - MENAC

Dubai, United Arab Emirates

FourQuest Energy - MENAC is a provider of industrial services and equipment from engineering, chemical cleaning, hydro-testing, oil flushing, air / steam blowing, nitrogen / helium leak testing services and full pipeline pre-commissioning services.

Buy $60M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-16 Viking SeaTech

Aberdeen, United Kingdom

Viking SeaTech Ltd. is an offshore support specialist providing a comprehensive range of equipment and services to the offshore oil and gas industry. Viking serves customers globally with its primary markets in the North Sea (U.K. and Norway) and Australia.

Sell $12M