secwatch.observer — SEC 8-K summary
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Issuer:     PATRICK INDUSTRIES INC (PATK)
CIK:        0000076605
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0000076605-24-000014
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Patrick Industries completes $315M acquisition of Sportech, LLC
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/76605/000007660524000014/0000076605-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/76605/000007660524000014/patk-20240124.htm
  HTML page:      https://secwatch.observer/filing/0000076605-24-000014

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