Patrick Industries completed the acquisition of Sportech from Monomoy Capital Partners for $315m.

Patrick Industries, a manufacturer and distributor of component products and building materials, completed the acquisition of Sportech, a supplier of premium component solutions to powersports OEMs, from Monomoy Capital Partners, a private equity firm, for $315m. “Sportech’s growth underscores the unique strength of our closely integrated teams and their commitment to our supportive approach as companies make the leap from a family- or founder-led operation to an enterprise with even broader scale and breadth. We are honored to have worked alongside the company’s management team to exceed the goals we outlined together, and we are confident they are well-equipped for continued success as they join the Patrick family of brands,” Dan Collin, Monomoy Founding Partner and Co-CEO .