Patrick Industries, Inc. Completes Acquisition of Medallion Instrumentation Systems, LLC
Patrick Industries (NASDAQ: PATK) has completed the acquisition of Medallion Instrumentation Systems, a Michigan-based provider of customized instrumentation and vehicle electronics for marine, RV, powersports, on-highway and military markets. Medallion, which generated approximately $38 million in revenue in 2024, specializes in digital switching, lighting controls, integrated audio, sensor products, wire harnessing, gauges, and LCD touchscreen displays.
The acquisition strengthens Patrick's ability to provide complete technology solutions in the Outdoor Enthusiast space, particularly addressing growing customer preferences for digital switching and custom displays. Medallion will continue operating under its existing brand name and from its current facility, maintaining its market presence while benefiting from Patrick's resources and capabilities.
Patrick Industries (NASDAQ: PATK) ha completato l'acquisizione di Medallion Instrumentation Systems, un fornitore con sede nel Michigan di strumentazione personalizzata ed elettronica per veicoli nei mercati marini, RV, powersports, su strada e militari. Medallion, che ha generato circa 38 milioni di dollari di fatturato nel 2024, si specializza in commutazione digitale, controlli di illuminazione, audio integrato, prodotti sensoriali, cablaggi, indicatori e display touchscreen LCD.
L'acquisizione rafforza la capacità di Patrick di fornire soluzioni tecnologiche complete nel settore degli appassionati di attività all'aperto, affrontando in particolare le crescenti preferenze dei clienti per la commutazione digitale e i display personalizzati. Medallion continuerà a operare con il proprio nome di marca esistente e dalla propria struttura attuale, mantenendo la sua presenza sul mercato e beneficiando delle risorse e delle capacità di Patrick.
Patrick Industries (NASDAQ: PATK) ha completado la adquisición de Medallion Instrumentation Systems, un proveedor con sede en Michigan de instrumentación personalizada y electrónica para vehículos en los mercados marinos, RV, powersports, de carretera y militares. Medallion, que generó aproximadamente 38 millones de dólares en ingresos en 2024, se especializa en conmutación digital, controles de iluminación, audio integrado, productos de sensores, arneses de cables, medidores y pantallas táctiles LCD.
La adquisición refuerza la capacidad de Patrick para proporcionar soluciones tecnológicas completas en el espacio de los entusiastas del aire libre, abordando especialmente las crecientes preferencias de los clientes por la conmutación digital y las pantallas personalizadas. Medallion continuará operando bajo su nombre de marca existente y desde su instalación actual, manteniendo su presencia en el mercado y beneficiándose de los recursos y capacidades de Patrick.
패트릭 인더스트리(PATRICK Industries, NASDAQ: PATK)는 미시간에 본사를 둔 맞춤형 계측 및 차량 전자 시스템 공급업체인 메달리온 계측 시스템(Medallion Instrumentation Systems)의 인수를 완료했습니다. 메달리온은 2024년에 약 3천8백만 달러의 수익을 올렸으며, 디지털 스위칭, 조명 제어, 통합 오디오, 센서 제품, 배선, 게이지 및 LCD 터치스크린 디스플레이를 전문으로 합니다.
이번 인수는 패트릭이 아웃도어 애호가 공간에서 완전한 기술 솔루션을 제공할 수 있는 능력을 강화하며, 특히 디지털 스위칭 및 맞춤형 디스플레이에 대한 고객의 선호가 증가하는 것을 다룹니다. 메달리온은 기존 브랜드 이름으로 계속 운영되며 현재 시설에서 운영을 유지하여 시장 존재감을 유지하면서 패트릭의 자원과 역량의 혜택을 누릴 것입니다.
Patrick Industries (NASDAQ: PATK) a finalisé l'acquisition de Medallion Instrumentation Systems, un fournisseur basé dans le Michigan d'instrumentation sur mesure et d'électronique pour véhicules dans les marchés marins, de camping-car, de powersports, de route et militaire. Medallion, qui a généré environ 38 millions de dollars de revenus en 2024, se spécialise dans la commutation numérique, les contrôles d'éclairage, l'audio intégré, les produits de capteurs, le câblage, les jauges et les écrans tactiles LCD.
L'acquisition renforce la capacité de Patrick à fournir des solutions technologiques complètes dans l'espace des passionnés d'activités de plein air, répondant particulièrement aux préférences croissantes des clients pour la commutation numérique et les affichages personnalisés. Medallion continuera d'opérer sous son nom de marque actuel et depuis ses installations actuelles, maintenant sa présence sur le marché tout en bénéficiant des ressources et des capacités de Patrick.
Patrick Industries (NASDAQ: PATK) hat die Übernahme von Medallion Instrumentation Systems abgeschlossen, einem in Michigan ansässigen Anbieter von maßgeschneiderter Instrumentierung und Fahrzeugelektronik für die Märkte Marine, Wohnmobile, Powersports, Straßenverkehr und Militär. Medallion, das im Jahr 2024 etwa 38 Millionen Dollar Umsatz generierte, spezialisiert sich auf digitale Schaltung, Beleuchtungssteuerungen, integrierte Audiolösungen, Sensorprodukte, Kabelbäume, Messgeräte und LCD-Touchscreen-Displays.
Die Übernahme stärkt Patricks Fähigkeit, umfassende Technologielösungen im Bereich der Outdoor-Enthusiasten anzubieten, insbesondere in Bezug auf die wachsenden Kundenpräferenzen für digitale Schaltungen und maßgeschneiderte Displays. Medallion wird weiterhin unter dem bestehenden Markennamen und von der aktuellen Einrichtung aus operieren, wodurch die Marktpräsenz erhalten bleibt und gleichzeitig von Patricks Ressourcen und Fähigkeiten profitiert wird.
- Strategic acquisition expanding Patrick's technology solutions portfolio
- Addition of $38 million in annual revenue
- Enhanced market presence in marine, RV, and powersports sectors
- Acquisition provides complete systems solutions capabilities
- Maintains existing brand and operations, reducing integration risks
- None.
Insights
This strategic acquisition marks a significant expansion of Patrick Industries' technological capabilities, particularly in the growing market for sophisticated vehicle electronics. Medallion's $38 million revenue business brings critical engineering talent and intellectual property in digital switching and integrated electronics systems, positioning Patrick to capture higher-margin opportunities in the recreational vehicle value chain.
The deal's strategic rationale is compelling for several reasons: First, it addresses the increasing consumer demand for smart, integrated controls in recreational vehicles - a trend that's reshaping product development in marine, RV, and powersports markets. Second, the acquisition provides vertical integration benefits, allowing Patrick to offer complete technology solutions rather than just components, potentially improving margins and customer stickiness.
The transaction's value lies beyond immediate financial metrics. Medallion's engineering team and existing customer relationships in military and on-highway markets open new growth vectors for Patrick. The decision to maintain Medallion's brand identity and operational independence suggests a thoughtful integration approach that preserves the acquired company's innovation culture while leveraging Patrick's distribution network and customer relationships.
Looking at broader industry implications, this acquisition reflects an ongoing shift in the recreational vehicle market toward more sophisticated, technology-enabled products. Patrick is positioning itself ahead of this trend, potentially creating competitive advantages in product development and time-to-market for integrated solutions. The deal also demonstrates Patrick's commitment to building out its technology portfolio through strategic M&A, suggesting possible future acquisitions in adjacent technical capabilities.
"We are thrilled to welcome the entire Medallion team to the Patrick family as we advance our mission of providing full-solutions packages to our customers," said Andy Nemeth, Chief Executive Officer of Patrick. "With the growing customer preference towards digital switching, custom LCD displays, gauges and controllers in the Outdoor Enthusiast space, this acquisition purposefully connects our complement of existing product offerings into a complete technology solution that can be customized to our customer's vision and needs. In tandem with our strong mechanical expertise and customer relationships, Medallion's engineering, design, and sales capabilities offer an exciting opportunity to further expand our presence in the marine, powersports, and RV markets."
Jeff Sands, Chief Executive Officer of Medallion, commented, "The Medallion team and I are energized by the opportunity to join Patrick and continue our mission of providing high-quality solutions tailored to the needs of our valued customers. We believe Patrick's deep experience, capabilities and resources open up significant opportunities to grow our business in both our existing end markets and in those in which we are currently underpenetrated."
Consistent with other acquisitions, Medallion will continue to operate under its existing brand name and within its current facility.
About Patrick Industries, Inc.
Patrick (NASDAQ: PATK) is a leading component solutions provider serving the RV, Marine, Powersports and Housing markets. Since 1959, Patrick has empowered manufacturers and outdoor enthusiasts to achieve next-level recreation experiences. Our customer-focused approach brings together design, manufacturing, distribution, and transportation in a full solutions model that defines us as a trusted partner. Patrick is home to more than 85 leading brands, all united by a commitment to quality, customer service, and innovation. Headquartered in
Forward-Looking Statements
This press release contains certain statements related to future results, our intentions, beliefs and expectations or predictions for the future, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any projections of financial performance or statements concerning expectations as to future developments should not be construed in any manner as a guarantee that such results or developments will, in fact, occur. There can be no assurance that any forward-looking statement will be realized or that actual results will not be significantly different from that set forth in such forward-looking statement. Information about certain risks that could affect our business and cause actual results to differ from those expressed or implied in the forward-looking statements are contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and in the Company's Forms 10-Q for subsequent quarterly periods, which are filed with the Securities and Exchange Commission ("SEC") and are available on the SEC's website at www.sec.gov. Each forward-looking statement speaks only as of the date of this press release, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date on which it is made.
View original content to download multimedia:https://www.prnewswire.com/news-releases/patrick-industries-inc-completes-acquisition-of-medallion-instrumentation-systems-llc-302383361.html
SOURCE Patrick Industries, Inc.
FAQ
What is the revenue of Medallion Instrumentation Systems acquired by PATK?
What products does Medallion Instrumentation Systems provide to PATK's portfolio?
Which markets will PATK serve through the Medallion acquisition?
Will Medallion continue operating under its original brand after PATK's acquisition?
How does the Medallion acquisition align with PATK's business strategy?
