M&A Deal Summary

Patrick Acquires Mishawaka Sheet Metal

On June 20, 2016, Patrick acquired distribution company Mishawaka Sheet Metal for 14M USD

Acquisition Highlights
  • This is Patrick’s 4th transaction in the Distribution sector.
  • This is Patrick’s 17th largest (disclosed) transaction.
  • This is Patrick’s 26th transaction in the United States.
  • This is Patrick’s 16th transaction in Indiana.

M&A Deal Summary
Date 2016-06-20
Target Mishawaka Sheet Metal
Sector Distribution
Buyer(s) Patrick
Deal Type Add-on Acquisition
Deal Value 14M USD

Target

Mishawaka Sheet Metal

Elkhart, Indiana, United States
Mishawaka Sheet Metal LLC is a full service distributor and fabricator of aluminum and galvanized sheet metal products. MSM provides slitting, assembly, shearing, roll forming, welding, punching and plasma cutting services to customers in the recreational vehicle, cargo trailer and commercial vehicle industries.

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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 26 of 61
Sector (Distribution) 4 of 7
Type (Add-on Acquisition) 23 of 55
State (Indiana) 16 of 32
Country (United States) 26 of 61
Year (2016) 4 of 8
Size (of disclosed) 17 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-23 Cana Holdings

Elkhart, Indiana, United States

Cana Holdings, Inc. is a custom cabinetry manufacturer primarily serving the manufactured housing ("MH") industry and the residential, hospitality and institutional markets.

Buy $17M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-05 Vacuplast

Portland, Oregon, United States

Vacuplast LLC (L.S. Manufacturing, Inc.) is a manufacturer of a wide variety of thermoformed plastic parts and components, primarily serving the recreational vehicle ("RV") market, as well as certain industrial markets.

Buy $11M
Mergr

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