M&A Deal Summary

Patrick Acquires Indiana Marine Products

On March 5, 2018, Patrick acquired manufacturer Indiana Marine Products for 30M USD

Acquisition Highlights
  • This is Patrick’s 7th transaction in the Manufacturing sector.
  • This is Patrick’s 10th largest (disclosed) transaction.
  • This is Patrick’s 39th transaction in the United States.
  • This is Patrick’s 24th transaction in Indiana.

M&A Deal Summary
Date 2018-03-05
Target Indiana Marine Products
Sector Manufacturing
Buyer(s) Patrick
Deal Type Add-on Acquisition
Deal Value 30M USD

Target

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.

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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 39 of 61
Sector (Manufacturing) 7 of 13
Type (Add-on Acquisition) 35 of 55
State (Indiana) 24 of 32
Country (United States) 39 of 61
Year (2018) 3 of 9
Size (of disclosed) 10 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-26 Aluminum Metals

Elkhart, Indiana, United States

Aluminum Metals Co. is a manufacturer and distributor of aluminum products including coil, fabricated sheets and extrusions, in addition to roofing products, primarily for the recreational vehicle ("RV"), industrial and marine markets.

Buy $17M
FOLLOWING 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
Mergr

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