Patrick Industries completes $315M acquisition of Sportech, LLC

PATRICK INDUSTRIES INC

Completed $315M acquisition of Sportech, a powersports component solutions supplier.
Expects ~$7M in one-time pretax charges in Q1 2024 from transaction fees and purchase accounting.
Acquisition solidifies Patrick's presence in powersports OEM and aftermarket markets.
Q4 2023 earnings release and conference call scheduled for February 8, 2024.

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