M&A · Industrials · Motor Vehicle Parts & Accessories
Patrick Industries Inc to acquire LCI Industries
Announced Jun 30, 2026 · Pending Oct 19, 2026
Deal value—
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll stock
Transaction
- Acquirer
- Patrick Industries Inc (PATK)
- Target
- LCI Industries (LCII)
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Pending Oct 19, 2026
Deal protections
- Break fee (target pays)
- $94.2M
- Reverse fee (buyer pays)
- $94.2M
- Go-shop
- —
- Financing
- —
Advisors
- To the acquirer
- JPMorgan, Baird
- To the target
- Perella Weinberg
- JPMorgan fee
- $20.0M
- Perella Weinberg fee
- $36.0M
Sector context · Industrials
- Comparable deals
- 99 in the prior 24 months
- Premium
- Sector median 34.0%
- EV / Adj. EBITDA
- Sector median 11.1x
- Break fee
- Sector median 2.9%
Timeline
- AnnouncedJun 30, 2026
- Proxy filedOct 19, 2026
- Definitive proxyOct 19, 2026
- Shareholder votePending
- ClosedPending
Valuation · fairness opinions
Trading comparablesJPMorgan$61.20$118.40
Trading comparablesJPMorgan$63.40$113.40
Trading comparablesJPMorgan$107.10$190.60
Trading comparablesJPMorgan$115.70$191.40
Discounted cash flowJPMorgan$178.50$229.20
Trading comparablesPerella Weinberg$107.09$146.96
Trading comparablesPerella Weinberg$121.63$169.04
Trading comparablesPerella Weinberg$95.70$132.30
Discounted cash flowPerella Weinberg$186.00$215.00
Discounted cash flowPerella Weinberg$155.00$180.00
Implied value per LCI Industries share by analysis, from JPMorgan and Perella Weinberg · DCF discount rate 8.25%–9.25%.