Patrick Industries, Inc. Completes Acquisition of Medallion Instrumentation Systems, LLC

Core Insights - Patrick Industries, Inc. has completed the acquisition of Medallion Instrumentation Systems, LLC, enhancing its capabilities in customized instrumentation and vehicle electronics for various markets [1][2] - Medallion generated approximately $38 million in revenue in 2024, indicating a solid financial foundation for the acquisition [1] Company Overview - Patrick Industries is a leading component solutions provider serving the RV, Marine, Powersports, and Housing markets, with a history dating back to 1959 [4] - The company employs around 10,000 skilled team members across the United States and is committed to quality, customer service, and innovation [4] Strategic Implications - The acquisition aligns with Patrick's mission to provide full-solutions packages, particularly in response to growing customer preferences for digital switching and custom displays in the Outdoor Enthusiast space [2] - Medallion will continue to operate under its existing brand name, allowing for a seamless integration while leveraging Patrick's resources to expand in underpenetrated markets [2]