M&A Deal Summary

Patrick Acquires Marine Accessories

On June 11, 2018, Patrick acquired consumer products company Marine Accessories from Blue Sage Capital

Acquisition Highlights
  • This is Patrick’s 2nd transaction in the Consumer Products sector.
  • This is Patrick’s 43rd transaction in the United States.
  • This is Patrick’s 3rd transaction in Tennessee.

M&A Deal Summary

Date 2018-06-11
Target Marine Accessories
Sector Consumer Products
Buyer(s) Patrick
Sellers(s) Blue Sage Capital
Deal Type Add-on Acquisition

Target

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.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 43 of 61
Sector (Consumer Products) 2 of 2
Type (Add-on Acquisition) 39 of 55
State (Tennessee) 3 of 3
Country (United States) 43 of 61
Year (2018) 7 of 9
PREVIOUS 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 -
FOLLOWING 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 -

Seller(S) 1

SELLER

Blue Sage Capital

Austin, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Blue Sage Capital is a private investment firm that invests in lower middle-market companies that have the potential to become market leaders. Target businesses typically generate sales of $20 to $125 million and are valued up to $125 million. Blue Sage is a generalist firm with broad industry interest. Target sectors include industrial, distribution, service, healthcare, manufacturing, energy and media. Blue Sage geographically prefers companies located in Texas and the Southwest US. Blue Sage will not invest in banks, life insurance companies, oil and gas exploration and development projects, real estate development or companies located outside of the United States. Blue Sage was formed in 2003 and is based in Austin, Texas.


DEAL STATS #
Overall 13 of 22
Sector (Consumer Products) 1 of 2
Type (Add-on Acquisition) 7 of 13
State (Tennessee) 1 of 1
Country (United States) 12 of 21
Year (2018) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-04 C&M Conveyor

Bloomington, Indiana, United States

C&M Conveyor is a manufacturer and supplier of material handling systems to the corrugated sheet and container industry. C&M Conveyor was founded in 1982 and is based in Bloomington, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 Ligchine

Darien, Wisconsin, United States

Ligchine is a designer, manufacturer, and marketer of laser-guided boom-operated concrete screeds. The Company produces a diverse range of models under the ScreedSaver banner, and Ligchine’s products provide best-in-class concrete floor flatness and levelness results for its customers. Ligchine was founded in 2007 and is based in Darien, Wisconsin.

Buy -