Add-on Acquisition • Business Services

Patrick Acquires Precision Painting

On June 9, 2014, Patrick acquired business services company Precision Painting

Acquisition Context
  • This is Patrick’s 5th transaction in the Business Services sector.
  • This is Patrick’s 16th transaction in the United States.
  • This is Patrick’s 8th transaction in Indiana.

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M&A Deal Summary

Date June 9, 2014
Target Precision Painting
Sector Business Services
Buyer(s) Patrick
Deal Type Add-on Acquisition

Target Company

Precision Painting

Bremen, Indiana, United States
Precision Painting, Inc. is a full service exterior full body painting operations that also offer interior refurbishing and painting for both OEMs and existing recreational vehicle ("RV") and fleet owners, and a transportation operation that services their in-house customers.
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Buyer Overview 1

Buyer

Patrick

Elkhart, Indiana, United States

Category Company
Founded 1959
Sector Building Materials
Employees10,000
Revenue 3.7B USD (2024)
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 Context for Buyer #
Overall 16 of 61
Sector: Business Services 5 of 5
Type: Add-on Acquisition 14 of 55
State: Indiana 8 of 32
Country: United States 16 of 61
Year: 2014 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-09 Millennium Paint

United States

Millennium Paint, Inc. is a provider of painting services for both OEMs and existing recreational vehicles.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-27 Foremost Fabricators

Goshen, Indiana, United States

Foremost is a fabricator and distributor of fabricated aluminum products, fiber reinforced polyester sheet and coil, and custom laminated products primarily used in the recreational vehicle market.

Buy $45M