Patrick Industries, LCI Industries agree all-stock merger with 1.24-share exchange ratio
LCI Industries
Patrick Industries, Inc.
LCI Industries LCII | 0.00 | |
Patrick Industries, Inc. PATK | 0.00 |
- Patrick Industries agreed to combine with LCI Industries in an all-stock deal valuing LCI at 1.24 Patrick shares per LCI share.
- Ownership split expected at close: Patrick shareholders about 52%, LCI shareholders about 48%.
- Pro forma trailing 12 months through March 2026: revenue about $8.1 billion, adjusted EBITDA about $1 billion, free cash flow about $508 million.
- Companies target more than $150 million of annual run-rate cost synergies within three years, mainly from procurement and SG&A efficiencies.
- Closing targeted in the first half of 2027; combined company to be headquartered in Elkhart, Indiana, led by Patrick CEO Andy Nemeth.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LCI Industries published the original content used to generate this news brief via Business Wire (Ref. ID: 20260630034219) on June 30, 2026, and is solely responsible for the information contained therein.
