PATK: All-stock merger creates a $8.1B+ revenue outdoor recreation leader, targeting $150M+ synergies

Patrick and LCI are merging in an all-stock deal valued at $5.6B equity and $7.7B enterprise value, creating a diversified outdoor recreation platform with $8.1B+ revenue and $1.0B adjusted EBITDA. The merger targets $150M+ in annual cost synergies within three years and is expected to close in 1H 2027, pending regulatory and shareholder approvals.

Original document: Patrick Industries, Inc. [PATK] Slides Release — Jun. 30 2026