M&A Deal Summary

Patrick Acquires Synergy RV Transport

On August 28, 2020, Patrick acquired transportation company Synergy RV Transport

Acquisition Highlights
  • This is Patrick’s 2nd transaction in the Transportation sector.
  • This is Patrick’s 50th transaction in the United States.
  • This is Patrick’s 29th transaction in Indiana.

M&A Deal Summary
Date 2020-08-28
Target Synergy RV Transport
Sector Transportation
Buyer(s) Patrick
Deal Type Add-on Acquisition

Target

Synergy RV Transport

Goshen, Indiana, United States
Synergy RV Transport, Inc. is a transportation and logistics service provider primarily for original equipment manufacturers ("OEMs") and dealers in the recreational vehicle ("RV") market. Synergy utilizes independently contracted drivers to haul towable/flatbed and motorized RVs from RV OEM plants to dealer lots throughout the continental U.S. and Canada. Synergy RV Transport is based in Goshen, Indiana.

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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 50 of 61
Sector (Transportation) 2 of 3
Type (Add-on Acquisition) 45 of 55
State (Indiana) 29 of 32
Country (United States) 50 of 61
Year (2020) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-03 Inland Plywood

Pontiac, Michigan, United States

Inland Plywood Co. is a premier supplier, laminator, and wholesale distributor of treated, untreated, and laminated plywood, medium density overlay panels, and other specialty products, primarily serving the marine market as well as the recreational vehicle ("RV") and industrial markets. Inland Plywood is based in Pontiac, Michigan.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-28 Front Range Stone

Englewood, Colorado, United States

Front Range Stone, Inc. is a fabricator and installer of a full suite of natural stone, quartz, solid surface, and laminate countertops, primarily serving big box home improvement retailers, home builders and commercial contractors in the industrial market. Front Range Stone was established in 2001 and is based in Englewood, Colorado.

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