M&A Deal Summary

Patrick Acquires Diamondback Marine

On May 9, 2022, Patrick acquired manufacturer Diamondback Marine

Acquisition Highlights
  • This is Patrick’s 11th transaction in the Manufacturing sector.
  • This is Patrick’s 57th transaction in the United States.
  • This is Patrick’s 4th transaction in Florida.

M&A Deal Summary

Date 2022-05-09
Target Diamondback Marine
Sector Manufacturing
Buyer(s) Patrick
Deal Type Add-on Acquisition

Target

Diamondback Marine

Cocoa, Florida, United States
Diamondback Marine is a manufacturer of premium wakeboard/ski towers and accessories for marine OEMs. Diamondback Marine is based in Cocoa, Florida.

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Buyer(S) 1

Buyer

Patrick

Elkhart, Indiana, United States

Category Company
Founded 1959
Sector Building Materials
Employees10,000
Revenue 3.5B USD (2023)
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 57 of 61
Sector (Manufacturing) 11 of 13
Type (Add-on Acquisition) 51 of 55
State (Florida) 4 of 4
Country (United States) 57 of 61
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-24 Rockford

Tempe, Arizona, United States

Rockford markets and distributes purpose-built audio systems for mobile, marine, motorsports and motorcycle applications along with safety and security systems for mobile applications. The company produces and/or distributes products under Rockford Fosgate brand name. Rockford was founded in 1980 and is based in Tempe, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-28 Transhield

Elkhart, Indiana, United States

Transhield designs and manufactures highly engineered environmental protective and corrosion-inhibiting covers that protect boats, vehicles, military equipment, and equipment during storage and transportation. Transhield was founded in 1994 and is based in Elkhart, Indiana.

Buy -