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Announced

Completed

Patrick Industries completed the acquisition of Synergy RV Transport.

Synopsis

Patrick Industries, a manufacturer and distributor of component products and building products, completed the acquisition of Synergy RV Transport, a transportation and logistics service provider. Financial terms were not disclosed. "Synergy is a leading transportation service provider and supply chain partner for its diverse customer base, which includes manufacturers and dealers ranging from nationally known brands to growing mid-size businesses. Its success has been built around a customer-centric focus and its ability to serve as a one-stop-shop. This acquisition represents an attractive growth opportunity that will allow us to partner with the Synergy team to continue to expand our RV transport platform and network. Consistent with previous acquisitions, we will support Synergy with a financial and operational foundation that will allow it to capitalize on its core competencies while preserving the entrepreneurial spirit that has been so important to its success," Andy Nemeth, Patrick President and Chief Executive Officer.

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