M&A Deal Summary

Patrick Acquires Collins

On March 19, 2018, Patrick acquired building materials company Collins for 37M USD

Acquisition Highlights
  • This is Patrick’s 11th transaction in the Building Materials sector.
  • This is Patrick’s 8th largest (disclosed) transaction.
  • This is Patrick’s 40th transaction in the United States.
  • This is Patrick’s 25th transaction in Indiana.

M&A Deal Summary

Date 2018-03-19
Target Collins
Sector Building Materials
Buyer(s) Patrick
Deal Type Add-on Acquisition
Deal Value 37M USD

Target

Collins

Bristol, Indiana, United States
Collins & Co. Inc. is a distributor of appliances, trim products, fuel systems, flooring, tile, and other related building materials primarily to the recreational vehicle ("RV") market as well as the housing and industrial 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 40 of 61
Sector (Building Materials) 11 of 16
Type (Add-on Acquisition) 36 of 55
State (Indiana) 25 of 32
Country (United States) 40 of 61
Year (2018) 4 of 9
Size (of disclosed) 8 of 27
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-30 Dehco

Elkhart, Indiana, United States

Dehco, Inc. is a distributor and manufacturer of parts and accessories primarily for the recreational vehicle ("RV") markets as well as the manufactured housing ("MH"), marine and other industrial markets. Dehco's primary products include flooring, kitchen and bath products, adhesives and sealants, electronics, appliances and accessories, LP tanks, and other related building materials. Dehco operates one manufacturing facility in Indiana and four distribution centers located in Indiana, Oregon, Pennsylvania and Alabama.

Buy $53M