Components and accessories manufacturer Patrick Industries yesterday announced that it acquired Quality Engineered Services and Egis Group.
QES, located in Syracuse, Ind., manufactures wire harnesses and electrical systems for the marine and RV industries. Egis, based in Bellingham, Wash., develops engineered electrical components and system-level solutions for marine and specialty vehicle applications.
“These organizations have cultivated strong, customer-first cultures and have a long-standing focus on quality, service, reliability and innovation,” Patrick CEO Andy Nemeth said in a statement. “We look forward to collaborating with the teams, leveraging their deep entrepreneurial spirit and strong engineering leadership to deliver increased value for our customers and shareholders.”
According to the statement, combined revenue for QES and Egis on a trailing 12-month basis through November was approximately $39 million.
“These acquisitions further advance Patrick’s long-term strategy to develop an innovative and custom suite of component solutions for OEMs in the outdoor-enthusiast space and the aftermarket while expanding our capabilities across wiring, engineered electrical components and system-level integration,” Patrick marine group president Jake Petkovich said in the statement. “Further, QES is strategically located near several major pontoon and RV OEMs, and Egis expands the breadth and depth of Patrick’s engineering talent and capabilities. Together with the scale and focus in our existing businesses, both businesses enable us to deliver a more complete end-to-end solution and a deeper level of service for our customers.”
