M&A Deal Summary

Patrick Acquires Structural Composites of Indiana

On May 26, 2015, Patrick acquired manufacturer Structural Composites of Indiana for 20M USD

Acquisition Highlights
  • This is Patrick’s 2nd transaction in the Manufacturing sector.
  • This is Patrick’s 14th largest (disclosed) transaction.
  • This is Patrick’s 21st transaction in the United States.
  • This is Patrick’s 13th transaction in Indiana.

M&A Deal Summary
Date 2015-05-26
Target Structural Composites of Indiana
Sector Manufacturing
Buyer(s) Patrick
Deal Type Add-on Acquisition
Deal Value 20M USD

Target

Structural Composites of Indiana

Ligonier, Indiana, United States
Structural Composites of Indiana, Inc. is a fiberglass manufacturer of custom molded large front and rear caps and roofs, primarily to the recreational vehicle ("RV") market, and specialty fiberglass components for the transportation, marine 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 21 of 61
Sector (Manufacturing) 2 of 13
Type (Add-on Acquisition) 18 of 55
State (Indiana) 13 of 32
Country (United States) 21 of 61
Year (2015) 2 of 3
Size (of disclosed) 14 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-17 Better Way Partners

New Paris, Indiana, United States

Better Way Products is a manufacturer of fiberglass and composite resin products to the RV and marine industry. Vacuum bagging and RTM light are also utilized.

Buy $40M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 North American Forest Products

Edwardsburg, Michigan, United States

North American Forest Products, Inc. is a manufacturer and distributor, primarily for the recreational vehicle ("RV") industry, of profile wraps, custom mouldings, laminated panels and moulding products which together represent one of Patrick's existing core product lines.

Buy $85M
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