M&A Deal Summary

Patrick Acquires GG Schmitt

On September 30, 2019, Patrick acquired marine company GG Schmitt

Acquisition Highlights
  • This is Patrick’s 1st transaction in the Marine sector.
  • This is Patrick’s 46th transaction in the United States.
  • This is Patrick’s 1st transaction in Florida.

M&A Deal Summary
Date 2019-09-30
Target GG Schmitt
Sector Marine
Buyer(s) Patrick
Deal Type Add-on Acquisition

Target

GG Schmitt

Sarasota, Florida, United States
GG Schmitt is a designer and manufacturer of customized hardware and structural components, including marine towers, seats, ladders, handrails, portlights, and other metal hardware and related products, primarily for major OEMs in the marine industry. GG Schmitt is headquartered in Sarasota, Florida.

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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 46 of 61
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 41 of 55
State (Florida) 1 of 4
Country (United States) 46 of 61
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-03 LaSalle Bristol

Elkhart, Indiana, United States

LaSalle Bristol is a distributor of plumbing, flooring, tile, lighting, air handling, and building products to the manufactured housing ("MH"), recreational vehicle ("RV"), and industrial markets. LaSalle Bristol operates a nationwide network of 11 distribution centers, one manufacturing facility, and three combined manufacturing facilities and distribution centers. LaSalle Bristol was founded in 1947 and is headquartered in Elkhart, Indiana.

Buy $54M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-23 Topline Counters

Sumner, Washington, United States

Topline Counters LLC is a designer, engineer, manufacturer and installer of a full suite of natural stone, quartz, laminate, and solid surface kitchen and bathroom countertops, serving the single-family and multi-family residential markets as well as the commercial high-rise and big-box retail markets.

Buy -
Mergr

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