Acquiring Company
Patrick Industries
Acquired Company
Wet Sounds
ElkhartManufacturingReal EstateBuilding MaterialWholesaleDescription
Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today that it has completed the acquisition of Rosenburg, Texas-based Wet Sounds, Inc. ("Wet Sounds"), a leading designer, fabricator, engineer, and distributor of innovative audio systems and accessories, including amplifiers, tower speakers, soundbars, and subwoofers. Wet Sounds sells audio products and accessories direct to OEMs and consumers, and to dealers and retailers, primarily within the marine industry, as well as to the home audio and powersports markets, and aftermarkets. Wet Sounds' trailing 12-months revenue through September 2021 was approximately $55 million, and the acquisition is expected to be immediately accretive to net income per share.
Quick answer
Patrick Industries is acquiring Wet Sounds, announced November 1, 2021. Patrick Industries is based in Elkhart, Indiana, United States.
- How much did Patrick Industries pay for Wet Sounds?
- The deal value was not disclosed.
- What does Patrick Industries do?
- Patrick Industries (NASDAQ: PATK) is a leading component solutions provider for the RV, marine, manufactured housing and various industrial markets – including single and multi-family housing, hospitality, institutional..
- Where are Patrick Industries and Wet Sounds based?
- Patrick Industries is based in Elkhart, Indiana, United States.
- Who are the decision-makers at Patrick Industries?
- Fundz holds 1 contact at Patrick Industries. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Patrick Industries, and when
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Frequently asked
Who acquired Wet Sounds?
Wet Sounds was acquired by Patrick Industries, based in Elkhart. The deal was reported on November 1, 2021. Patrick Industries is publicly traded (PATK) and operates in Manufacturing.
When did Patrick Industries acquire Wet Sounds?
Patrick Industries's acquisition of Wet Sounds was reported on November 1, 2021. Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today that it has completed the acquisition of Rosenburg, Texas-based Wet Sounds, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Wet Sounds do?
Wet Sounds’ marine stereo systems and equipment provide crisp, high-quality audio that’s loud enough to be heard whether you’re fishing a local pond, water skiing on a lake, or tubing on the ocean. It is privately held.
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