Deal Details

Sportech Is Acquired by Patrick

Industrial
Consumer

Sportech, a portfolio company of Monomoy, sale to Patrick

Summary

Sportech LLC (“Sportech” or the “Company”), a portfolio company of Monomoy Capital Partners (“Monomoy”), has agreed to be acquired by Patrick Industries, Inc. (“Patrick”) (NASDAQ: PATK) for approximately $315 million. The transaction is subject to various regulatory approvals and customary closing conditions.

Baird served as the exclusive financial advisor to Sportech on this transaction.

About

Sportech LLC is the leading designer and manufacturer of high-value, complex component solutions to powersports OEMs and the aftermarket, including integrated door systems, roofs, canopies, bumpers, windshields, fender flares and cowls. Sportech focuses on supplying premium components with an emphasis on expanding the utility vehicle segment of the powersport market. The Company was founded in 1994 and operates three facilities, employing approximately 430 professionals. Sportech is headquartered in Elk River, Minnesota.

Monomoy Capital Partners is a private investment firm with $3 billion in assets under management across a family of investment funds. Monomoy invests in the equity and debt of middle-market businesses that can benefit from operational and financial improvement with a focus on manufacturing and distribution businesses across industrial and consumer product sectors in North America and Europe. Monomoy is headquartered in New York, New York.

Patrick Industries is a leading component solutions provider for the RV, Marine, Powersports and Housing markets. Founded in 1959, Patrick employs approximately 10,000 team members throughout the United States. Patrick is headquartered in Elkhart, Indiana.

Industrial
Consumer

Sportech, a portfolio company of Monomoy, sale to Patrick