On the Record · Patrick Industries
Patrick Industries acquisitions, on the record
The businesses Patrick Industries bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Sportech, LLCWord for word“In January 2024, the Company announced that it completed its acquisition of Sportech, LLC, a leading designer and manufacturer of high-value, complex component solutions sold to powersports OEMs, adjacent market OEMs and the aftermarket.” 10-K for 2023 | acquisition | January 2024 | — |
Acquisitions completed during 2023, not individually namedWord for word“During 2023 , the Company completed acquisitions for approximately $30 million of total consideration and over the last three years has completed acquisitions for approximately $804 million of total consideration.” 10-K for 2023 | acquisition | During 2023 | approximately $30 million of total consideration |
ICON Direct LLC which does business as RecPro (“RecPro”)Word for word“Sales to the RV market increased $121.9 million, or 8%, to $1.63 billion in 2024 compared to $1.50 billion in 2023, due to industry volume growth and the Company’s acquisition of ICON Direct LLC which does business as RecPro (“RecPro”) in the third quarter of 2024.” 10-K for 2024 | acquisition | third quarter of 2024 | — |
acquisitions completed during 2024Word for word“During 2024 , the Company completed acquisitions for approximately $418 million of total consideration and over the last three years has completed acquisitions for approximately $696 million of total consideration.” 10-K for 2024 | acquisition | During 2024 | approximately $418 million of total consideration |
ICON Direct LLC, doing business as RecProWord for word“Sales to the RV market increased $150.9 million, or 9%, to $1.78 billion in 2025 31 Table of Contents compared to $1.63 billion in 2024, primarily due to industry volume growth and the Company’s acquisition of ICON Direct LLC, doing business as RecPro (“RecPro”) in the third quarter of 2024.” 10-K for 2025 | acquisition | in the third quarter of 2024 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $138.9 million | $41.1 million |
| 2017-12-31 | $251.9 million | $99.2 million |
| 2018-12-31 | $343.3 million | $73.8 million |
| 2019-12-31 | $56 million | $21.5 million |
| 2020-12-31 | $306 million | $83.1 million |
| 2021-12-31 | $508.1 million | $147.9 million |
| 2022-12-31 | $248.9 million | $83.1 million |
| 2023-12-31 | $25.9 million | $5.9 million |
| 2024-12-31 | $411.7 million | $159.9 million |
| 2025-12-31 | $121.7 million | $41.7 million |
Deal filings since 2016
- 2026-06-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-10-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-10-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-01-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-08-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-12-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-04-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-04-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-09-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-09-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-06-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-01-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-01-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-01-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-03-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-08-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Patrick Industries’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-19. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.