News Detail

Patrick Industries To Merge With LCI Industries In All-Stock Merger; LCII Shareholders To Receive 1.2440 PATK Shares For Each LCII Share Held; Sees Pro Forma Trailing 12-Month Sales Of $8.1B And Adjusted EBITDA Of $1B

Benzinga · 4d ago

Listen to the news

Combines customer-focused component solutions providers across complementary product portfolios and end markets.
Compelling financial benefits underpinned by strong cash flow generation and a solid balance sheet to drive continued growth and disciplined capital allocation strategy.
Patrick shareholders will own approximately 52% of the combined company and LCI shareholders will own approximately 48%.
Accelerates shareholder value creation, with $150+ million of estimated run-rate synergies.
Andy Nemeth to serve as CEO of combined company; Todd Cleveland to serve as Chair, and Johnny Sirpilla to serve as Vice Chair of combined company Board.
Companies to host joint conference call and webcast today at 8:30 a.m. Eastern time.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.

What's Trending

No content on the Webull website shall be considered a recommendation or solicitation for the purchase or sale of securities, options or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.