M&A Deal Summary

Patrick Acquires Middlebury Hardwood Products

On October 29, 2012, Patrick acquired building materials company Middlebury Hardwood Products for 20M USD

Acquisition Highlights
  • This is Patrick’s 4th transaction in the Building Materials sector.
  • This is Patrick’s 13th largest (disclosed) transaction.
  • This is Patrick’s 9th transaction in the United States.
  • This is Patrick’s 5th transaction in Indiana.

M&A Deal Summary
Date 2012-10-29
Target Middlebury Hardwood Products
Sector Building Materials
Buyer(s) Patrick
Deal Type Add-on Acquisition
Deal Value 20M USD

Target

Middlebury Hardwood Products

Middlebury, Indiana, United States
Middlebury Hardwood Products, Inc. is a manufacturer and distributor of hardwood cabinet doors.

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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 9 of 61
Sector (Building Materials) 4 of 16
Type (Add-on Acquisition) 7 of 55
State (Indiana) 5 of 32
Country (United States) 9 of 61
Year (2012) 4 of 4
Size (of disclosed) 13 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-14 Creative Wood Designs

Ligonier, Indiana, United States

Creative Wood Designs, Inc. is a manufacturer of hardwood furniture including interior hardwood tables, chairs, dinettes, trim, fascia, mouldings, and other miscellaneous products.

Buy $6M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-06 Frontline Mfg.

Leesburg, Indiana, United States

Frontline Mfg., Inc. is a major manufacturer of fiberglass bath fixtures including tubs, showers and combination tub/shower units for the recreational vehicle, manufactured housing and residential housing markets with annual revenues of approximately $15 million.

Buy -
Mergr

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