Patrick Industries Announces Merger Agreement to Acquire LCI Industries

What Happened Patrick Industries, Inc. announced it entered into an Agreement and Plan of Merger with LCI Industries on June 30, 2026. The transaction contemplates a two-step merger structure in which Patrick’s newly formed First Merger Sub will merge into LCI (with LCI surviving as a Patrick subsidiary), immediately followed by a merger of LCI into Patrick’s Second Merger Sub (with Second Merger Sub surviving as a wholly owned Patrick subsidiary). Patrick and LCI filed Hart-Scott-Rodino (HSR) premerger notifications with the FTC and DOJ on August 5, 2026. The filing was included in Patrick’s Form 8-K dated August 10, 2026.

Key Details

• Merger Agreement executed: June 30, 2026.
• HSR premerger notifications filed by both parties: August 5, 2026; expiration/termination of the HSR waiting period is a condition to closing.
• Transaction structure: two-step merger using newly formed Patrick subsidiaries (First Merger Sub and Second Merger Sub) such that LCI will become a direct wholly owned subsidiary of Patrick upon closing.
• Next filings planned: Patrick and LCI expect to file a registration statement on Form S-4, which will include a joint proxy statement/prospectus to be mailed to shareholders.

Why It Matters This is a definitive, material transaction that would combine Patrick and LCI under Patrick ownership pending regulatory clearance and other closing conditions. Investors should expect additional SEC filings (Form S-4 and a definitive joint proxy statement/prospectus) detailing the terms, expected benefits, risks, and the vote required of each company’s shareholders. The HSR waiting period and other closing conditions mean the deal is not final and could be delayed, modified, or terminated; the filing highlights standard integration, regulatory and execution risks that may affect expected benefits. Copies of future transaction documents will be available on the SEC website and the companies’ investor sites.