M&A Deal Summary

Patrick Acquires Medallion Plastics

On March 20, 2017, Patrick acquired manufacturer Medallion Plastics for 10M USD

Acquisition Highlights
  • This is Patrick’s 3rd transaction in the Manufacturing sector.
  • This is Patrick’s 21st largest (disclosed) transaction.
  • This is Patrick’s 31st transaction in the United States.
  • This is Patrick’s 19th transaction in Indiana.

M&A Deal Summary
Date 2017-03-20
Target Medallion Plastics
Sector Manufacturing
Buyer(s) Patrick
Deal Type Add-on Acquisition
Deal Value 10M USD

Target

Medallion Plastics

Elkhart, Indiana, United States
Medallion Plastics, Inc. is a designer, engineer and manufacturer of custom thermoformed products and components which include dash and trim panels and fender skirts for the RV market, and complete interior packages, bumper covers, hoods, and trims for the automotive, specialty transportation and other industrial markets.

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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 31 of 61
Sector (Manufacturing) 3 of 13
Type (Add-on Acquisition) 27 of 55
State (Indiana) 19 of 32
Country (United States) 31 of 61
Year (2017) 1 of 6
Size (of disclosed) 21 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-05 Sigma Wire International

Elkhart, Indiana, United States

Sigma Wire is a fully capable manufacturer of quality wire and cable. Sigma Wire International prouds itself on the ability to control all processes under one roof. From wire drawing, through extrusion and final packaging, Sigma Wire is able to assure the highest process control standards every step of the way. Sigma's engineering staff will provide customer assistance to develop the proper wire characteristics for any particular application.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-01 Leisure Product Enterprises

United States

Leisure Product Enterprises LLC is a holding company with three highly complementary manufacturing subsidiaries under its umbrella: Marine Concepts/Design Concepts, Florida Marine Tanks and Marine Electrical Products. Marine Concepts has two locations in Sarasota, Florida and Cape Coral, Florida and designs, engineers, and manufactures CNC plugs, composite molds (open and closed), and CNC molds for fiberglass boat manufacturers. FMT is located in Henderson, North Carolina and manufactures, fabricates, and assembles aluminum fuel and holding tanks for the marine and industrial markets. MEP is located in Lebanon, Missouri and manufactures custom wire harnesses, fiberglass and fiberglass reinforced thermoformed helm systems, dash panels, and instrument panels for the fiberglass, aluminum, and pontoon boat segments.

Buy $74M
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