Components and accessories manufacturer Patrick Industries today announced that it completed the acquisition of Medallion Instrumentation Systems, a Michigan-based manufacturer of instrumentation and vehicle electronics for the marine, RV, powersports, on-highway and military markets.
“With the growing customer preference towards digital switching, custom LCD displays, gauges and controllers in the outdoor-enthusiast space, this acquisition purposefully connects our complement of existing product offerings into a complete technology solution that can be customized to our customer’s vision and needs,” Patrick CEO Andy Nemeth said in a statement. “In tandem with our strong mechanical expertise and customer relationships, Medallion’s engineering, design and sales capabilities offer an exciting opportunity to further expand our presence in the marine, powersports and RV markets.”
According to the statement, Medallion’s 2024 revenue was approximately $38 million.
“The Medallion team and I are energized by the opportunity to join Patrick and continue our mission of providing high-quality solutions tailored to the needs of our valued customers,” Medallion CEO Jeff Sands said in the statement. “We believe Patrick’s deep experience, capabilities and resources open up significant opportunities to grow our business in both our existing end markets and in those in which we are currently underpenetrated.”
Medallion will continue to operate under its existing brand name and within its current facility.
