Patrick Industries To Merge With LCI Industries In All-Stock Merger; LCII Shareholders To Receive 1.2440 PATK Shares For Each LCII Share Held; Sees Pro Forma Trailing 12-Month Sales Of $8.1B And Adjusted EBITDA Of $1B

LCI Industries
Patrick Industries, Inc.

LCI Industries

LCII

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Patrick Industries, Inc.

PATK

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  • Combines customer-focused component solutions providers across complementary product portfolios and end markets.
  • Compelling financial benefits underpinned by strong cash flow generation and a solid balance sheet to drive continued growth and disciplined capital allocation strategy.
  • Patrick shareholders will own approximately 52% of the combined company and LCI shareholders will own approximately 48%.
  • Accelerates shareholder value creation, with $150+ million of estimated run-rate synergies.
  • Andy Nemeth to serve as CEO of combined company; Todd Cleveland to serve as Chair, and Johnny Sirpilla to serve as Vice Chair of combined company Board.
  • Companies to host joint conference call and webcast today at 8:30 a.m. Eastern time.
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