secwatch.observer — SEC 8-K summary
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Issuer:     PATRICK INDUSTRIES INC (PATK)
CIK:        0000076605
Form:       8-K
Filed at:   2023-05-01T23:59:59+00:00
Accession:  0000076605-23-000073
Event type: m_and_a
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Patrick Industries completes acquisition of BTI Transport; expected to be immediately accretive
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- Acquired Elkhart, IN-based BTI Transport, a leader in marine transportation; will operate as Patrick Marine Transport.
- Expands Patrick's transportation and logistics services for leisure lifestyle OEMs and dealers.
- Joe Bonacorsi, BTI President, continues leading division; CEO Andy Nemeth cites strong cultural fit.
- Deal expected to be immediately accretive to net income per share; financial terms not disclosed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/76605/000007660523000073/0000076605-23-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/76605/000007660523000073/patk-20230501.htm
  HTML page:      https://secwatch.observer/filing/0000076605-23-000073

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer