Patrick - M&A Summary and Business Overview

Building MaterialsCompany

Patrick M&A Summary

Patrick has acquired 62 companies, including 17 in the last 5 years. A total of 7 acquisitions came from private equity firms.

Patrick’s largest acquisition to date was in 2024, when it acquired Sportech for $315M. Patrick has acquired in 14 different US states. The Company’s most targeted sectors include building materials (27%) and manufacturing (22%).

Patrick Business Overview

Where is Patrick headquartered?

Patrick is headquartered in Elkhart, Indiana.

What is Patrick’s revenue?

Patrick disclosed revenue of 3,468M USD for 2023 and 4,882M USD for 2022.

How many employees does Patrick have?

Patrick has 10,000 employees.

What sector is Patrick in?

Patrick is a building materials company.

When was Patrick founded?

Patrick was founded in 1959.

M&A Summary

  • M&A Total Activity61
    • M&A Buy Activity61
  • Total Sectors Invested 15
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 11

Patrick

Patrick Industries, Inc.

107 West Franklin Street, PO Box 638,
Elkhart, Indiana 46515
United States,
(574) 294-7511
www.patrickind.com

Patrick is a manufacturer of building products and materials to the manufactured housing and recreational vehicle industries. 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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (2.8/yr) # 47 6 2 3 1 2 61
vol $651M $315M $966M
Sell (0.0/yr) # - - - - - - 0
  61

Most Recent M&A

Company Date Value Type
ICON Direct, Inc. 2024-09-09 - Add-on Acquisition
Bristol, Indiana · www.recpro.com
Sportech, Inc. 2024-01-11 315M USD Add-on Acquisition
Elk River, Minnesota · www.sportechinc.com
BTI Transport 2023-05-01 - Add-on Acquisition
Elkhart, Indiana · www.bti95.com
Transhield, Inc. 2022-11-28 - Add-on Acquisition
Elkhart, Indiana · www.transhield-usa.com
Diamondback Towers LLC 2022-05-09 - Add-on Acquisition
Cocoa, Florida · www.diamondbackmarine.com
Rockford Corp. 2022-02-24 - Merger
Tempe, Arizona · www.rockfordcorp.com
Hyperform, Inc. 2021-04-12 - Add-on Acquisition
Rockledge, Florida · www.hyperforminc.com
Sea-Dog Line Corp. 2021-03-15 - Add-on Acquisition
Everett, Washington · www.sea-dog.com
Taco Metals LLC 2020-11-30 - Add-on Acquisition
Miami, Florida · www.tacometals.com
Geremarie Corp. 2020-11-17 - Add-on Acquisition
Lake Zurich, Illinois · www.geremarie.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Building Materials 16 (26%) 244M (25%) - -
Manufacturing 13 (21%) 464M (48%) - -
Distribution 7 (11%) 72M (7%) - -
Business Services 5 (8%) - - -
Electrical Equipment 4 (7%) 38M (4%) - -
Plastics 3 (5%) 36M (4%) - -
Transportation 3 (5%) - - -
Consumer Products 2 (3%) - - -
Forest Products 2 (3%) 102M (11%) - -
Automotive 1 (2%) 4M (< 1%) - -
E-Commerce 1 (2%) - - -
Electronics 1 (2%) - - -
Furniture 1 (2%) 6M (1%) - -
Marine 1 (2%) - - -
Media 1 (2%) - - -
Total 61 $966M - -

By Geo

State/Country Buy Value Sell Value
United States 61 966M - -
  Indiana 32 413M - -
  Florida 4 - - -
  Tennessee 3 57M - -
  Michigan 3 85M - -
  Arizona 3 - - -
  Oregon 2 15M - -
  Washington 2 - - -
  South Carolina 1 - - -
  Mississippi 1 3M - -
  Minnesota 1 315M - -
  Illinois 1 - - -
  Colorado 1 - - -
  Wisconsin 1 - - -
Total 61 $966M - -

Deal Values

buy # Total
$100M to $1B 1 $315M
< $100M 26 $651M
TOTAL $966M
Largest Sportech, Inc.
$315M (2024-01-11)

M&A Connections

Deals
Acquired from
Investor(s)
10%
6 (10%)
Strategic(s)
7%
4 (7%)

Company Summary

SECTOR

Building Materials

Revenue

3,468   29% 2023
4,882   20% 2022
4,078   64% 2021
2,487   7% 2020
2,337   4% 2019
2,263   39% 2018
1,636   34% 2017
1,222   33% 2016
920   25% 2015
736   24% 2014
595   37% 2013
437   2012
(millions of USD) Show More Show Less

Employees

10,000

Established

1959

Public

NASDAQ: PATK

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