Add-on Acquisition • Manufacturing

Patrick Acquires Aluminum Metals Co.

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

Acquisition Context
  • 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.

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M&A Deal Summary

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

Target Company

Aluminum Metals Co.

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 Overview 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 Context for Buyer #
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