{"schema_version":"secwatch.filing_event.v1","accession":"0000076605-24-000004","form_type":"8-K","ticker":"PATK","cik":"0000076605","company_name":"PATRICK INDUSTRIES INC","filed_at":"2024-01-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.887815+00:00","generated_at":"2026-06-07T00:44:43.311560+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Patrick Industries to acquire Sportech for $315M cash; expects immediate accretion","bullets":["Acquires all outstanding equity of Sportech, a powersports component supplier, for ~$315M all-cash.","Expected to close by Jan 24, 2024, subject to customary conditions and regulatory approval.","Sportech had estimated 2023 revenue of ~$255M; 5-year CAGR of 17%.","Deal expected to be immediately accretive to profit margins and net income per share.","Proforma net leverage ratio ~2.9x; company targets reduction to pre-acquisition levels in 2-3 quarters."],"urls":{"canonical":"https://secwatch.observer/filing/0000076605-24-000004","json":"https://secwatch.observer/filing/0000076605-24-000004.json","markdown":"https://secwatch.observer/filing/0000076605-24-000004.md","text":"https://secwatch.observer/filing/0000076605-24-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/76605/000007660524000004/0000076605-24-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/76605/000007660524000004/patk-20240110.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T00:44:43.311560+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0f390396ed3f515088ae915b3ace2b22709ac7e8","claim":"PATRICK INDUSTRIES INC entered into a asset purchase with Off Road Holdings, LLC valued at approximately $315 million (effective 2024-01-10).","evidence_excerpt":"On January 10, 2024, Patrick Industries, Inc. (the \"Company\") signed a definitive agreement to acquire all outstanding stock of Off Road Holdings, LLC (\"Sportech\") for approximately $315 million.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/76605/000007660524000004/0000076605-24-000004-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Off Road Holdings, LLC"},{"label":"Value","value":"approximately $315 million"},{"label":"Effective","value":"2024-01-10"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}