Patrick Industries INC: directors' dealings · United States · SEC (Form 4)

About Patrick Industries INC

Patrick Industries, Inc. (ticker: PATK) is a U.S.-listed industrial company trading on the NASDAQ in the United States, with a business model centered on component solutions for specialized end markets. Founded in 1959 and headquartered in Elkhart, Indiana, Patrick has evolved from a regional supplier into a major manufacturer and distributor serving the recreational vehicle (RV), marine, powersports, manufactured housing, and select industrial markets. Its strategic appeal lies in being embedded deep in customers’ supply chains, where value is created not only through manufacturing, but also through customization, assembly, distribution, and logistics. ([patrickind.com](https://www.patrickind.com/company/?utm_source=openai)) The company operates through two reporting segments, Manufacturing and Distribution. That structure allows Patrick to offer both produced components and sourced/distributed products to OEMs and other customers. Its portfolio spans interior and exterior RV components, marine parts and accessories, powersports-related products, and housing-related solutions used in manufactured housing and adjacent industrial applications. Management describes Patrick as a leading component solutions provider for the Outdoor Enthusiast and Housing markets, reflecting its concentration in lifestyle-oriented, highly fragmented, and relationship-driven niches. The company’s footprint is primarily coast-to-coast across the United States, with a smaller presence in Mexico, China, and Canada. ([sec.gov](https://www.sec.gov/Archives/edgar/data/76605/000007660525000115/patrick2024annualreport.pdf?utm_source=openai)) From a competitive standpoint, Patrick’s strengths include scale, broad product breadth, a mix of manufacturing and distribution capabilities, and the ability to increase content per unit with major customers. The company has highlighted content gains in RV and marine over recent periods, which supports its strategy of deepening wallet share and moving into more value-added components. As of late 2025, Patrick employed roughly 10,000 team members, underscoring its operational scale within its niche industrial universe. ([ir.patrickind.com](https://ir.patrickind.com/sec-filings/all-sec-filings/content/0000076605-26-000013/patk-20251231.htm?utm_source=openai)) Recent developments have been notably active. In 2025, Patrick completed or announced several acquisitions, including QES, Egis, and Lillipad Marine, reinforcing its marine exposure and broadening its specialty component offering. In its first-quarter 2026 release, the company disclosed that it was in discussions with LCI Industries regarding a possible merger of equals, although no transaction terms or certainty of completion were provided. The same quarter showed essentially flat net sales overall, with marine and powersports growth offset by weaker RV and housing demand. For investors, Patrick remains a diversified, acquisition-driven industrial platform with meaningful exposure to cyclical end markets in the United States, but also with the ability to capture share through product innovation and cross-selling across its customer base. ([ir.patrickind.com](https://ir.patrickind.com/investor-news-events/press-releases/detail/296/patrick-industries-inc-expands-marine-market-presence-through-the-completion-of-two-acquisitions?utm_source=openai))