M&A Deal Summary

Patrick Acquires DOWCO

On May 31, 2018, Patrick acquired consumer products company DOWCO

Acquisition Highlights
  • This is Patrick’s 1st transaction in the Consumer Products sector.
  • This is Patrick’s 42nd transaction in the United States.
  • This is Patrick’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2018-05-31
Target DOWCO
Sector Consumer Products
Buyer(s) Patrick
Deal Type Add-on Acquisition

Target

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.

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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 42 of 61
Sector (Consumer Products) 1 of 2
Type (Add-on Acquisition) 38 of 55
State (Wisconsin) 1 of 1
Country (United States) 42 of 61
Year (2018) 6 of 9
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-11 Marine Accessories

Maryville, Tennessee, United States

Marine Accessories Corp. is a manufacturer, distributor and aftermarket supplier of custom tower and canvas products and other related accessories to OEMs, dealers, retailers and distributors, as well as direct to consumers within the marine market. MAC is headquartered in Maryville, Tennessee and has eight manufacturing and distribution facilities located primarily in the U.S.

Buy -