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Announced

Completed

Patrick Industries completed the acquisition of Front Range Stone.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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countertops

Single Bidder

Majority

Domestic

United States

Household Equipment and Products

Acquisition

Friendly

Completed

home improvement products

Private

Synopsis

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Patrick Industries, which manufactures and distributes building products for the manufactured housing, recreational vehicle, furniture manufacturing, marine, automotive aftermarket, and other industries, completed the acquisition of Front Range Stone, a fabricator and installer of a full suite of natural stone, quartz, solid surface, and laminate countertops. Financial terms were not disclosed. "This acquisition represents an attractive growth opportunity with strong leadership to leverage our existing industrial operations to expand both our countertop presence and our geographic presence into the Great Plains and western housing markets. Consistent with previous acquisitions, we will support Front Range 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 CEO.

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