ELKHART, Ind. — Patrick Industries Inc., a component solutions provider for the outdoor and housing markets, and LCI Industries, a supplier of engineered components to the outdoor recreation and transportation markets, have terminated discussions regarding a potential business combination. 

While there was consensus on leadership of the combined company, continued execution of Patrick's strategic plan and vision, and other key aspects of a potential transaction in alignment with a merger of equals, the companies were unable to reach an agreement on certain other key terms. Patrick and LCI previously confirmed discussions on April 17, 2026, and noted at that time there could be no assurance that any transaction would result from the discussions.

Patrick Industries is an FDMC 300 listed company, ranking #44 on the list of top North American wood products manufacturers.

"Our commitment to our customers, our shareholders, and our team members remains our priority in evaluating any opportunity, and throughout this process we have been unwavering on the delivery of value in alignment with our strategic plan and vision," said Andy Nemeth, CEO of Patrick. "We are steadfast in our commitment to our independent brand-fronted foundation and customer partnerships in alignment with our business model. With our diversified platform, strong balance sheet and cash flows, and disciplined capital allocation strategy, we are uniquely positioned to outperform our end markets through organic growth, innovation, and the continued execution of our proven M&A strategy. We currently have a robust pipeline of high-quality opportunities, and are fully committed to driving long-term shareholder value and exceptional customer service as a premier component solutions provider."