Patrick Industries and LCI Industries Announce All-Stock Merger
Patrick Industries and LCI Industries (Lippert) have entered into a definitive agreement to combine in an all-stock merger. LCI shareholders will rece...
Patrick Industries and LCI Industries (Lippert) have entered into a definitive agreement to combine in an all-stock merger. LCI shareholders will receive 1.2440 shares of Patrick common stock for each LCI share, with Patrick shareholders owning approximately 52% of the combined company. The transaction, unanimously approved by both boards, aims to create a premier component solutions provider for the outdoor enthusiast, housing, and transportation markets. The merger is expected to close in the first half of 2027, subject to shareholder and regulatory approvals.