Patrick Industries and LCI Industries have confirmed they are in discussions regarding a potential merger.
In press statements, the two organisations state that the possible merger would be a merger of equals.
The companies say discussions are ongoing and there can be no assurance that any transaction will result from the discussions or on what terms or structure any transaction may occur.
Both Patrick and LCI say they do not intend to make additional comments regarding the discussions unless and until a formal agreement has been reached or discussions have been terminated.
Supplying components since 1959
Patrick has supplied component solutions to original equipment manufacturers and aftermarket customers in the RV, marine, powersports and housing markets since 1959.
Patrick employs more than 10,000 team members throughout the United States and a portfolio of more than 80 brands.
In 2025, Patrick had net sales of $4 billion and adjusted operating income of $277 million with a 7% margin.
Adjusted EBITDA was $468 million with revenue from the marine segment standing at $606 million – 15% of net sales.
140 manufacturing and distribution facilities
LCI Industries through its Lippert subsidiary supplies engineered components to the outdoor recreation and transportation markets.
The company was founded in 1956 by Larry Lippert as a a galvanized and aluminum roofing business for the manufactured housing industry.
The company employs more than 12,500 people worldwide and has more than 140 manufacturing and distribution facilities located throughout North America, Europe, Africa and Asia.
Net sales in 2025 were $4,1 billion with an operating profit of 6.8% and adjusted EBITA of $408 million – 10% of net sales.
Both companies are headquartered in Elkhart, Indiana.
