M&A Deal Summary

Patrick Acquires LaSalle Bristol

On December 3, 2018, Patrick acquired distribution company LaSalle Bristol from Arran Isle for 54M USD

Acquisition Highlights
  • This is Patrick’s 5th transaction in the Distribution sector.
  • This is Patrick’s 4th largest (disclosed) transaction.
  • This is Patrick’s 45th transaction in the United States.
  • This is Patrick’s 27th transaction in Indiana.

M&A Deal Summary
Date 2018-12-03
Target LaSalle Bristol
Sector Distribution
Buyer(s) Patrick
Sellers(s) Arran Isle
Deal Type Divestiture
Deal Value 54M USD

Target

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.

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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 45 of 61
Sector (Distribution) 5 of 7
Type (Divestiture) 5 of 5
State (Indiana) 27 of 32
Country (United States) 45 of 61
Year (2018) 9 of 9
Size (of disclosed) 4 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 Engineered Metals & Composites

West Columbia, South Carolina, United States

EMC is a designer and manufacturer of custom marine towers, frames, and other fabricated component products for OEMs in the marine industry. EMC is based in West Columbia, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-30 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.

Buy -

Seller(S) 1

SELLER

Arran Isle

Bradford, United Kingdom
Category Company
Founded 1890
Sector Building Materials
DESCRIPTION

Arran Isle is a designer, manufacturer and distributor of door and window hardware. Arran Isle has a strong portfolio of own and partner brands, which outperform the market including Carlisle Brass, Eurolite, Locks & Hardware, Mila Hardware, and Mila Maintenance. Arran Isle was founded in 1890 and is based in Bradford, England.

DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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