M&A Deal Summary

Patrick Acquires The Progressive Group

On March 3, 2016, Patrick acquired distribution company The Progressive Group

Acquisition Highlights
  • This is Patrick’s 3rd transaction in the Distribution sector.
  • This is Patrick’s 24th transaction in the United States.
  • This is Patrick’s 2nd transaction in Michigan.

M&A Deal Summary

Date 2016-03-03
Target The Progressive Group
Sector Distribution
Buyer(s) Patrick
Deal Type Add-on Acquisition

Target

The Progressive Group

Wyoming, Michigan, United States
The Progressive Group is a distributor component products.

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Buyer(S) 1

Buyer

Patrick

Elkhart, Indiana, United States

Category Company
Founded 1959
Sector Building Materials
Employees10,000
Revenue 3.7B USD (2024)
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. 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 24 of 61
Sector: Distribution M&A 3 of 7
Type: Add-on Acquisition M&A Deals 21 of 55
State: Michigan M&A 2 of 3
Country: United States M&A 24 of 61
Year: 2016 M&A 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-29 Parkland Plastics

Middlebury, Indiana, United States

Parkland Plastics, Inc. is a fully integrated designer, green manufacturer and distributor of innovative polymer-based products including wall panels, lay-in ceiling panels, coated and rolled floors, protective moulding, and adhesives and accessories, which are used in a wide range of applications primarily in the recreational vehicle ("RV") industry and the architectural and industrial markets.

Buy $25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-23 Cana Holdings

Elkhart, Indiana, United States

Cana Holdings, Inc. is a custom cabinetry manufacturer primarily serving the manufactured housing ("MH") industry and the residential, hospitality and institutional markets.

Buy $17M