Patrick Industries has completed the acquisition of Michigan-based Medallion Instrumentation Systems, manufacturer of customized instrumentation and vehicle electronics for marine, RV, powersports, on-highway and military markets.
Medallion’s systems include digital switching, lighting controls, integrated audio, sensor products, wire harnessing, gauges and LCD touchscreen displays.
In 2024, the company’s revenue was approximately $38 million.
“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, CEO 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.”
We believe Patrick’s deep experience, capabilities and resources open up significant opportunities to grow our business.
Jeff Sands
He added: “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, CEO of Medallion, added: “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.”
Medallion will continue to operate under its existing brand name and in its current facility.
Patrick Industries incorporates more than 85 brands. The organisation is headquartered in Elkhart, IN, and employs approximately 10,000 team members throughout the United States.
