M&A Deal Summary

Patrick Acquires Wire Design

On July 17, 2017, Patrick acquired manufacturer Wire Design for 11M USD

Acquisition Highlights
  • This is Patrick’s 4th transaction in the Manufacturing sector.
  • This is Patrick’s 20th largest (disclosed) transaction.
  • This is Patrick’s 33rd transaction in the United States.
  • This is Patrick’s 20th transaction in Indiana.

M&A Deal Summary
Date 2017-07-17
Target Wire Design
Sector Manufacturing
Buyer(s) Patrick
Deal Type Add-on Acquisition
Deal Value 11M USD

Target

Wire Design

Elkhart, Indiana, United States
Wire Design, Inc. is a manufacturer of wire harnesses for the recreational vehicle ("RV"), marine and industrial markets. Wire Design has been producing quality wire harnesses for over 30 years. Our Sales and Engineering Departments are second to none. We communicate with customers to fully understand their specifications. Via CAD we convert the specifications into production ready models. Our expertise and experience have provided us a reputation of delivering quality products, on time, at a fair price.

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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 33 of 61
Sector (Manufacturing) 4 of 13
Type (Add-on Acquisition) 29 of 55
State (Indiana) 20 of 32
Country (United States) 33 of 61
Year (2017) 3 of 6
Size (of disclosed) 20 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-01 Leisure Product Enterprises

United States

Leisure Product Enterprises LLC is a holding company with three highly complementary manufacturing subsidiaries under its umbrella: Marine Concepts/Design Concepts, Florida Marine Tanks and Marine Electrical Products. Marine Concepts has two locations in Sarasota, Florida and Cape Coral, Florida and designs, engineers, and manufactures CNC plugs, composite molds (open and closed), and CNC molds for fiberglass boat manufacturers. FMT is located in Henderson, North Carolina and manufactures, fabricates, and assembles aluminum fuel and holding tanks for the marine and industrial markets. MEP is located in Lebanon, Missouri and manufactures custom wire harnesses, fiberglass and fiberglass reinforced thermoformed helm systems, dash panels, and instrument panels for the fiberglass, aluminum, and pontoon boat segments.

Buy $74M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-05 Baymont

Belmont, Mississippi, United States

Baymont, Inc. is a manufacturer and supplier of fiberglass showers, tubs, and tile systems for the manufactured housing ("MH") and industrial markets. Baymont operates out of multiple manufacturing facilities in Golden, Mississippi.

Buy $3M
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