LCI Industries agrees to all-stock merger with Patrick Industries
LCI Industries and Patrick Industries signed a merger agreement on June 30, 2026 under which LCI would become a wholly owned subsidiary of Patrick, and LCI shareholders would receive 1.2440 Patrick shares for each LCI share. After closing, Patrick holders would own about 52% of the combined company and LCI holders about 48%, and the deal is expected to close in the first half of 2027, subject to shareholder, regulatory and other conditions.
Key points
- Exchange ratio: 1.2440 shares of Patrick common stock for each LCI common share, plus cash in lieu of fractional shares
- Ownership after closing: Patrick shareholders about 52%, LCI shareholders about 48%
- The companies estimate more than $150 million of run-rate cost synergies, achieved within three years of closing
- Outside Date for completion is March 30, 2027; expected closing is the first half of 2027
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 30, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.