M&A Deal Summary

Patrick Acquires Charleston

On November 10, 2014, Patrick acquired plastics company Charleston

Acquisition Highlights
  • This is Patrick’s 1st transaction in the Plastics sector.
  • This is Patrick’s 19th transaction in the United States.
  • This is Patrick’s 11th transaction in Indiana.

M&A Deal Summary
Date 2014-11-10
Target Charleston
Sector Plastics
Buyer(s) Patrick
Deal Type Add-on Acquisition

Target

Charleston

Bremen, Indiana, United States
Charleston Corp. is a manufacturer of fiberglass and plastic components primarily used in the recreational vehicle ("RV"), marine, and vehicle aftermarket industries.

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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 19 of 61
Sector (Plastics) 1 of 3
Type (Add-on Acquisition) 17 of 55
State (Indiana) 11 of 32
Country (United States) 19 of 61
Year (2014) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-08 PolyDyn3

Elkhart, Indiana, United States

PolyDyn3 LLC is a custom fabricator of simulated wood and stone products such as headboards, fireplaces, ceiling medallions, columns and trims.

Buy $1M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-17 Better Way Partners

New Paris, Indiana, United States

Better Way Products is a manufacturer of fiberglass and composite resin products to the RV and marine industry. Vacuum bagging and RTM light are also utilized.

Buy $40M
Mergr

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