M&A Deal Summary

Patrick Acquires Cana Holdings

On May 23, 2016, Patrick acquired forest products company Cana Holdings for 17M USD

Acquisition Highlights
  • This is Patrick’s 2nd transaction in the Forest Products sector.
  • This is Patrick’s 15th largest (disclosed) transaction.
  • This is Patrick’s 25th transaction in the United States.
  • This is Patrick’s 15th transaction in Indiana.

M&A Deal Summary
Date 2016-05-23
Target Cana Holdings
Sector Forest Products
Buyer(s) Patrick
Deal Type Add-on Acquisition
Deal Value 17M USD

Target

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.

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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 25 of 61
Sector (Forest Products) 2 of 2
Type (Add-on Acquisition) 22 of 55
State (Indiana) 15 of 32
Country (United States) 25 of 61
Year (2016) 3 of 8
Size (of disclosed) 15 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-03 The Progressive Group

Wyoming, Michigan, United States

The Progressive Group is a distributor component products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-20 Mishawaka Sheet Metal

Elkhart, Indiana, United States

Mishawaka Sheet Metal LLC is a full service distributor and fabricator of aluminum and galvanized sheet metal products. MSM provides slitting, assembly, shearing, roll forming, welding, punching and plasma cutting services to customers in the recreational vehicle, cargo trailer and commercial vehicle industries.

Buy $14M
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