Announced
Completed
Synopsis
Patrick Industries, a manufacturer and distributor of component products and building materials, completed the acquisition of Transhield, a designer and manufacturer of customized and proprietary protection solutions. Financial terms were not disclosed. "We are extremely excited to partner with Jim Glick, Matt Peat and the entire Transhield team. Transhield's innovative and quality product solutions have significant potential across multiple market sectors, and their culture, spirit, and industry reputation for customer service are an ideal fit within our portfolio of companies and independent brands. As with previous acquisitions, we will provide a financial and operational foundation that will allow Transhield to continue to drive its strategic vision and capitalize on its core competencies," Andy Nemeth, Patrick CEO.
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