Patrick Industries, Inc. Expands Marine Market Presence Through the Completion of Two Acquisitions

Rhea-AI Summary

Patrick Industries (NASDAQ: PATK) completed acquisitions of Quality Engineered Services (QES) and Egis Group on Dec. 18, 2025, expanding its marine electrical and system-integration capabilities. QES, based in Syracuse, Indiana, makes wire harnesses and electrical systems for marine and RV customers; Egis, in Bellingham, Washington, supplies engineered electrical components and system-level solutions including terminal blocks, battery fuses, circuit breakers, flex relays, and power distribution modules. Combined trailing 12-month revenue through November 2025 was approximately $39 million. Both businesses will operate under their existing brands and facilities as part of Patrick's broader component solutions platform serving RV, marine, powersports, and housing markets.

Positive

• Combined trailing 12-month revenue of ~$39 million through Nov 2025
• Adds engineered electrical products: terminal blocks, fuses, breakers
• Expands system-level integration and engineering talent for marine
• QES located near major pontoon and RV OEMs, improving supply proximity

Negative

• None.

Key Figures

Acquired revenue $39 million Combined QES and Egis trailing 12-month revenue through November 2025

Employee count 10,000 Approximate number of team members in the U.S.

Brand portfolio 85+ brands Number of brands across Patrick’s markets

Market Reality Check

$110.43 Last Close

Volume Volume 356,606 is about 1.23x the 20-day average of 291,032. normal

Technical Price $111.64 is trading above the 200-day MA at $96.71, near the 4.4% zone below its 52-week high.

Peers on Argus 1 Up

PATK was down 1.94% while key peers like WHR, HNI, MBC, and SCS showed gains and MHK was flat. Momentum scanner only flagged MLKN up 8.38%, suggesting PATK’s weakness before this positive M&A news was more stock-specific than sector-driven.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 01	Investor conference	Positive	+1.8%	Participation in Raymond James 2025 TMT and Consumer Conference with investor meetings.
Nov 20	Dividend increase	Positive	+0.8%	Board approved raising regular quarterly cash dividend to <b>$0.47</b> per share.
Nov 04	Investor conferences	Positive	+1.5%	Scheduled one-on-one investor meetings at Baird and Truist November 2025 conferences.
Nov 04	Product launch	Positive	+2.0%	Rockford Fosgate unveiled next-generation PUNCH Speaker Line targeting broad vehicle fitment.
Oct 30	Earnings results	Positive	+2.0%	Q3 2025 net sales of <b>$976M</b> with growth across all four end markets.

Pattern Detected

Recent news, including earnings, product launches, and capital return updates, has typically been followed by modestly positive price reactions.

Recent Company History

This announcement adds to a series of constructive updates for Patrick Industries in late 2025. The company reported Q3 2025 results on Oct 30 with broad-based end-market growth and solid cash generation. Subsequent investor conference participation and a dividend increase to $0.47 per share signaled active engagement and capital returns, each followed by small positive moves. Product news from Rockford Fosgate on Nov 4 also coincided with a gain. Against that backdrop, the acquisition of QES and Egis builds on prior marine growth initiatives.

Market Pulse Summary

This announcement highlights Patrick Industries’ continued expansion in marine and electrical systems through acquiring QES and Egis, adding about $39 million in trailing revenue. It follows Q3 2025 growth across all end markets and a recent dividend increase, indicating ongoing portfolio development and capital returns. Investors may track integration progress, marine segment performance, and future updates on earnings and cash generation to assess long-term impact.

Key Terms

wire harnesses technical

"QES, located in Syracuse, Indiana, manufactures wire harnesses and electrical systems"

A wire harness is an organized bundle of electrical wires, connectors and protective coverings that routes power and signals between components in machines, vehicles, or equipment—like a neatly tied bundle of cords behind a TV that keeps each cable in the right place. Investors care because wire harnesses are essential, repeat-purchase components in many industries; their demand and pricing affect manufacturers’ revenue, production costs, and supply‑chain risk.

circuit breakers technical

"offering leading products such as terminal blocks, battery fuses, circuit breakers, flex relays"

Automatic pauses in trading that kick in when stock prices or the overall market move too sharply within a short period; like a safety switch, they temporarily stop buying and selling at predefined thresholds and for set time periods. They matter to investors because they can slow a panic-driven selloff, give everyone time to assess news and avoid chaotic price swings, but they also delay trades and can concentrate volatility once trading resumes.

power distribution modules technical

"flex relays, and power distribution modules. Combined revenue for QES and Egis"

Power distribution modules are compact hardware units that route, protect and control electrical power inside equipment or a facility, like a smart, industrial-grade power strip or circuit box. For investors, they matter because they influence a product or operation’s reliability, safety, energy efficiency and scalability—factors that affect operating costs, downtime risk and the potential for repeat sales or service revenue.

forward-looking statements regulatory

"which are forward-looking statements as that term is defined in the Private"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

trailing 12-month basis financial

"Combined revenue for QES and Egis on a trailing 12-month basis through November"

Using a trailing 12-month basis means measuring a company’s performance with the most recent 12 months of results (often the last four quarters) rather than a single fiscal year. Investors use it to see the company’s current trend—smoothing seasonal spikes or one-time events—so you’re judging performance by the last year of activity, like checking a car’s mileage over the past 12 months instead of only its calendar-year total.

AI-generated analysis. Not financial advice.

ELKHART, Ind., Dec. 18, 2025 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today that it has completed the acquisitions of Quality Engineered Services ("QES") and Egis Group, LLC ("Egis"). QES, located in Syracuse, Indiana, manufactures wire harnesses and electrical systems for the marine and RV industries. Egis, based in Bellingham, Washington, develops engineered electrical components and system-level solutions for marine and specialty vehicle applications, offering leading products such as terminal blocks, battery fuses, circuit breakers, flex relays, and power distribution modules.

Combined revenue for QES and Egis on a trailing 12-month basis through November 2025 was approximately $39 million.

"We are proud to welcome the QES and Egis teams to Patrick," said Andy Nemeth, Chief Executive Officer of Patrick. "These organizations have cultivated strong, customer-first cultures and have a long-standing focus on quality, service, reliability, and innovation. We look forward to collaborating with the teams, leveraging their deep entrepreneurial spirit and strong engineering leadership to deliver increased value for our customers and shareholders."

Jake Petkovich, President – Marine, commented, "These acquisitions further advance Patrick's long-term strategy to develop an innovative and custom suite of component solutions for OEMs in the Outdoor Enthusiast space and the aftermarket, while expanding our capabilities across wiring, engineered electrical components, and system-level integration. Further, QES is strategically located near several major pontoon and RV OEMs, and Egis expands the breadth and depth of Patrick's engineering talent and capabilities. Together with the scale and focus in our existing businesses, both businesses enable us to deliver a more complete end-to-end solution and a deeper level of service for our customers."

Consistent with the Company's other acquisitions, QES and Egis will continue to operate under their existing brand names and within their current facilities.

About Patrick Industries, Inc.

Patrick (NASDAQ: PATK) is a leading component solutions provider serving the RV, Marine, Powersports and Housing markets. Since 1959, Patrick has empowered manufacturers and outdoor enthusiasts to achieve next-level recreation experiences. Our customer-focused approach brings together design, manufacturing, distribution, and transportation in a full solutions model that defines us as a trusted partner. Patrick is home to more than 85 leading brands, all united by a commitment to quality, customer service, and innovation. Headquartered in Elkhart, IN, Patrick employs approximately 10,000 skilled team members throughout the United States. For more information on Patrick, our brands, and products, please visit www.patrickind.com.

Forward-Looking Statements

This press release contains certain statements related to future results, our intentions, beliefs and expectations or predictions for the future, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any projections of financial performance or statements concerning expectations as to future developments should not be construed in any manner as a guarantee that such results or developments will, in fact, occur. There can be no assurance that any forward-looking statement will be realized or that actual results will not be significantly different from that set forth in such forward-looking statement. Information about certain risks that could affect our business and cause actual results to differ from those expressed or implied in the forward-looking statements are contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and in the Company's Forms 10-Q for subsequent quarterly periods, which are filed with the Securities and Exchange Commission ("SEC") and are available on the SEC's website at www.sec.gov. Each forward-looking statement speaks only as of the date of this press release, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date on which it is made.

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SOURCE Patrick Industries, Inc.

FAQ

What did Patrick Industries (PATK) acquire on December 18, 2025?

Patrick completed acquisitions of Quality Engineered Services (QES) and Egis Group on Dec. 18, 2025.

How much revenue do QES and Egis generate for PATK?

Combined trailing 12-month revenue for QES and Egis through Nov 2025 was approximately $39 million.

What products and capabilities did PATK add with the Egis acquisition?

Egis adds engineered electrical components and system solutions including terminal blocks, battery fuses, circuit breakers, flex relays, and power distribution modules.

Will QES and Egis keep their brand names after joining Patrick (PATK)?

Yes, both businesses will continue to operate under their existing brand names and in their current facilities.

How do the QES and Egis deals affect Patrick's marine strategy (PATK)?

The acquisitions expand Patrick's wiring and engineered electrical capabilities and aim to deliver more complete end-to-end component solutions for marine OEMs and aftermarket customers.