Patrick Industries acquired Elkhart, Indiana-based Alpha Systems, a supplier and distributor of RV components.
Alpha’s major product categories include adhesives and sealants, RV roofing membranes, injection molded products and shutters. The company’s trailing 12 months’ revenue through March 2021 was $158 million.
“We are extremely excited to partner with David Smith and the team at Alpha, whose premium brand offers both new product entry points into the end markets we serve and the opportunity to continue to bolster our competitive edge through the utilization of Alpha’s capacity, advanced technology and extensive R&D capabilities,” Patrick President and CEO Andy Nemeth said.
Alpha will continue to operate on a standalone basis under the Alpha name, maintaining its existing manufacturing facilities.
“Alpha’s broad array of products adds scale and complements our current portfolio offering with bolt-on product line extensions,” Nemeth said. “In addition, their local footprint and well-respected sales and marketing team offer opportunities to expand our aftermarket presence as well as our platform, brand, and distribution network.”
“The Alpha team and I are very pleased to join the Patrick family and continue the legacy of the business that my family founded over 37 years ago,” Alpha CEO David Smith said. “We look forward to partnering with Patrick whose culture, industry expertise, and customer-centric approach are a natural fit with the core values, competencies and relationships that Alpha has built over the last four decades.”