M&A Deal Summary

Patrick Acquires R. B. Gustafson Co

On July 24, 2012, Patrick acquired electrical equipment company R. B. Gustafson Co from Mesirow Financial Private Equity for 3M USD

Acquisition Highlights
  • This is Patrick’s 1st transaction in the Electrical Equipment sector.
  • This is Patrick’s 26th largest (disclosed) transaction.
  • This is Patrick’s 7th transaction in the United States.
  • This is Patrick’s 3rd transaction in Indiana.

M&A Deal Summary

Date 2012-07-24
Target R. B. Gustafson Co
Sector Electrical Equipment
Buyer(s) Patrick
Sellers(s) Mesirow Financial Private Equity
Deal Type Add-on Acquisition
Deal Value 3M USD

Target

R. B. Gustafson Co

Elkhart, Indiana, United States
website
R. B. Gustafson Co, Inc. (Gustafson Lighting) is a designer, manufacturer, importer, and distributor of high-quality lighting products.

Search 192,723 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 7 of 60
Sector (Electrical Equipment) 1 of 4
Type (Add-on Acquisition) 5 of 54
State (Indiana) 3 of 31
Country (United States) 7 of 60
Year (2012) 2 of 4
Size (of disclosed) 26 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-05 Decor Mfg.

Tualatin, Oregon, United States

Decor Mfg., LLC is a producer of laminated and wrapped products for the oregon recreational vehicle ("RV") market.

Buy $4M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-14 Creative Wood Designs

Ligonier, Indiana, United States

Creative Wood Designs, Inc. is a manufacturer of hardwood furniture including interior hardwood tables, chairs, dinettes, trim, fascia, mouldings, and other miscellaneous products.

Buy $6M

Seller(S) 1

DESCRIPTION

Mesirow Financial Private Equity is a Chicago-based boutique private equity firm with approximately $6.2 billion in commitments since inception to managed fund-of-funds, co-investment funds and customized investment vehicles to a global institutional client base of accredited investors and Qualified Purchasers. Mesirow Financial Private Equity was founded in 1982 and is based in Illinois, United States.


DEAL STATS #
Overall 1 of 3
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Indiana) 1 of 1
Country (United States) 1 of 3
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-11 R. B. Gustafson Co

Elkhart, Indiana, United States

R. B. Gustafson Co, Inc. (Gustafson Lighting) is a designer, manufacturer, importer, and distributor of high-quality lighting products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-28 Securus Technologies

Dallas, Texas, United States

Securus Technologies is a provider of specialized telecommunications products and services, including security-enhanced call processing, call validation and billing for the corrections communications marketplace. Securus Technologies was founded in 1986 and is based in Dallas, Texas.

Buy -