M&A Deal Summary

Patrick Acquires Dehco

On April 30, 2018, Patrick acquired building materials company Dehco for 53M USD

Acquisition Highlights
  • This is Patrick’s 12th transaction in the Building Materials sector.
  • This is Patrick’s 5th largest (disclosed) transaction.
  • This is Patrick’s 41st transaction in the United States.
  • This is Patrick’s 26th transaction in Indiana.

M&A Deal Summary

Date 2018-04-30
Target Dehco
Sector Building Materials
Buyer(s) Patrick
Deal Type Add-on Acquisition
Deal Value 53M USD

Target

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.

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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 41 of 61
Sector (Building Materials) 12 of 16
Type (Add-on Acquisition) 37 of 55
State (Indiana) 26 of 32
Country (United States) 41 of 61
Year (2018) 5 of 9
Size (of disclosed) 5 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-19 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.

Buy $37M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-31 DOWCO

Manitowoc, Wisconsin, United States

DOWCO, Inc. is a designer and manufacturer of custom designed boat covers and bimini tops, full boat enclosures, mounting hardware, and other accessories and components for the marine market.

Buy -