M&A Deal Summary

Patrick Acquires Rockford

On February 24, 2022, Patrick acquired electronics company Rockford

Acquisition Highlights
  • This is Patrick’s 1st transaction in the Electronics sector.
  • This is Patrick’s 56th transaction in the United States.
  • This is Patrick’s 3rd transaction in Arizona.

M&A Deal Summary
Date 2022-02-24
Target Rockford
Sector Electronics
Buyer(s) Patrick
Deal Type Merger

Target

Rockford

Tempe, Arizona, United States
Rockford markets and distributes purpose-built audio systems for mobile, marine, motorsports and motorcycle applications along with safety and security systems for mobile applications. The company produces and/or distributes products under Rockford Fosgate brand name. Rockford was founded in 1980 and is based in Tempe, Arizona.

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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 56 of 61
Sector (Electronics) 1 of 1
Type (Merger) 1 of 1
State (Arizona) 3 of 3
Country (United States) 56 of 61
Year (2022) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-12 SeaDek

Rockledge, Florida, United States

SeaDek is a manufacturer of high-quality, non-slip foam flooring, operating under the SeaDek brand name, for the marine OEM market and aftermarket. SeaDek was founded in 1984 and is based in Rockledge, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-09 Diamondback Marine

Cocoa, Florida, United States

Diamondback Marine is a manufacturer of premium wakeboard/ski towers and accessories for marine OEMs. Diamondback Marine is based in Cocoa, Florida.

Buy -
Mergr

Product

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