Patrick Industries CEO Andy Nemeth told employees that the company expects a formal response from the U.S. Department of Justice on or around Oct. 9 regarding its proposed merger with LCI Industries, according to a memo filed this week with the Securities and Exchange Commission.
The Elkhart, Ind.-based component manufacturers pulled and refiled their premerger notifications to reset the antitrust waiting period, which is now set to expire Oct. 9 unless the government issues a second request or grants early termination. The combined company’s trailing 12-month results as of March 2026 were approximately $8.1 billion in revenue.
Nemeth said the company remains confident it is “on track to complete the transaction in the first half of 2027.” In the memo, he told employees the companies will finalize a new name and logo for the combined entity by the time they file the final proxy statement. He described the merger as an exciting opportunity as the company moves into its next evolution.
Patrick and LCI, the parent of Lippert, announced the merger in June. Under the agreement, LCI shareholders will receive 1.2440 shares of Patrick common stock for each LCI share they own. Patrick shareholders will own about 52% of the combined company and LCI shareholders about 48%. The companies have estimated more than $150 million in run-rate synergies from the deal.
The combined business would serve the outdoor enthusiast, housing and transportation markets, supplying components to the RV, marine, powersports and housing industries. Nemeth is slated to serve as CEO of the combined company, with Patrick’s Todd Cleveland as chair. The transaction remains subject to regulatory and shareholder approvals, and customary closing conditions.
