M&A Deal Summary

Patrick Acquires Aluminum Metals

On February 26, 2018, Patrick acquired manufacturer Aluminum Metals for 17M USD

Acquisition Highlights
  • This is Patrick’s 6th transaction in the Manufacturing sector.
  • This is Patrick’s 16th largest (disclosed) transaction.
  • This is Patrick’s 38th transaction in the United States.
  • This is Patrick’s 23rd transaction in Indiana.

M&A Deal Summary

Date 2018-02-26
Target Aluminum Metals
Sector Manufacturing
Buyer(s) Patrick
Deal Type Add-on Acquisition
Deal Value 17M USD

Target

Aluminum Metals

Elkhart, Indiana, United States
Aluminum Metals Co. is a manufacturer and distributor of aluminum products including coil, fabricated sheets and extrusions, in addition to roofing products, primarily for the recreational vehicle ("RV"), industrial and marine markets.

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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 38 of 61
Sector (Manufacturing) 6 of 13
Type (Add-on Acquisition) 34 of 55
State (Indiana) 23 of 32
Country (United States) 38 of 61
Year (2018) 2 of 9
Size (of disclosed) 16 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-20 Metal Moulding

Madison, Tennessee, United States

Metal Moulding Corp. is a manufacturer of custom metal fabricated products, primarily for the marine market, including hinges, arm rests, brackets, panels and trim, as well as plastic products including boxes, inlay tables, steps, and related components.

Buy $22M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-05 Indiana Marine Products

Angola, Indiana, United States

Indiana Marine Products is a a manufacturer and distributor of fully-assembled helm assemblies, including electrical wiring harnesses, dash panels, instrumentation and gauges, and other products primarily for the marine market.

Buy $30M