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Patrick Industries, Inc. Expands Marine Market Presence Through the Completion of Two Acquisitions
Prnewswire· 2025-12-18 13:30
Core Viewpoint - Patrick Industries, Inc. has completed the acquisitions of Quality Engineered Services (QES) and Egis Group, LLC, enhancing its capabilities in the marine and RV industries [1][3]. Group 1: Acquisitions - The acquisitions of QES and Egis are aimed at expanding Patrick's offerings in engineered electrical components and system-level solutions for marine and specialty vehicle applications [1][3]. - QES manufactures wire harnesses and electrical systems, while Egis develops engineered electrical components such as terminal blocks and circuit breakers [1][2]. Group 2: Financial Impact - The combined revenue for QES and Egis for the trailing 12 months through November 2025 was approximately $39 million [2]. Group 3: Strategic Goals - The acquisitions align with Patrick's long-term strategy to provide innovative component solutions for OEMs in the Outdoor Enthusiast space and the aftermarket [3]. - QES's strategic location near major pontoon and RV OEMs and Egis's engineering talent will enhance Patrick's service offerings and operational capabilities [3]. Group 4: Company Overview - Patrick Industries is a leading component solutions provider serving the RV, Marine, Powersports, and Housing markets, with a commitment to quality and customer service [4]. - The company employs approximately 10,000 skilled team members across the United States and operates more than 85 leading brands [4].