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Patrick Industries completes acquisition of RecPro

Patrick Industries announced that it has completed the acquisition of Bristol, Indiana-based ICON Direct, which operates as RecPro.com. The Company estimates RecPro’s 2024 revenues will be approximately $80 million. “We are excited to announce our acquisition of RecPro, and I am pleased to welcome Mike Waumans Jr. and the rest of his team to the Patrick family,” said Andy Nemeth, Chief Executive Officer of Patrick. “The addition of RecPro’s leading e-commerce platform meaningfully expands Patrick’s presence in the attractive Outdoor Enthusiast aftermarket and broadens the foundation of our aftermarket strategy as we seek to leverage our aftermarket product offerings and other product solutions across our RV, Marine and Powersports portfolio. We believe RecPro’s passion for growth, commitment to quality customer service, and ability to source and provide value-enhancing product solutions are a synergistic fit within our entrepreneurial business model.”

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