Patrick Acquires SeaDek Parent

Author:
Updated:
Original:
1_SeaDek

Patrick Industries, the Elkhart, Ind.-based supplier and manufacturer of marine and RV accessories and components, announced today that it completed its acquisition of Hyperform, which operates under the SeaDek name.

SeaDek’s OEM and aftermarket, peel-and-stick traction products will continue to be designed and manufactured at Hyperform’s two Florida facilities, in Rockledge and Cocoa.

The acquisition includes sister companies SwimDek, which serves the pool and spa industry, and EndeavorDek, which makes products for the powersports segment. SeaDek had 2020 revenues of approximately $25 million.

2-SeaDek_6230-iboats_hewes_6mmgraphics

“This acquisition provides significant opportunities for growth in both the OEM market and the aftermarket, as well as additional resources and channels to further expand our marine products and accessories offerings to the markets we serve across the U.S. and internationally,” Patrick president and CEO Andy Nemeth said in a statement.

Similar to previous acquisitions, Patrick will operate SeaDek as a stand-alone business in its existing facilities.

“My brother Jim and I, along with the rest of the SeaDek team, are pleased to join the Patrick family and continue the legacy of SeaDek after nearly four decades as a family-owned business,” said SeaDek CEO Kurt Wilson. “We look forward to partnering with Patrick … to further grow the SeaDek brands and offer an enhanced range of product solutions to our customers and markets.”

Related

MRAA Board Contributes to BoatPAC

Every board member contributed to the non-partisan political action committee, which works with congressional members who recognize the importance of boating.

Educator Training Conference Agenda Announced

The ABYC Foundation’s virtual conference is scheduled for July 20-22, with speakers covering a host of topics around creating the future workforce.

RIMTA Awarded $30K Grant

The financial support will go toward its fiberglass boat recycling pilot project.

Sandy Hook Yacht Sales adds Intrepid

The dealership and brokerage firm has six locations in New Jersey and Florida.

Everglades Expands Executive Team

The Edgewater, Fla.-based manufacturer adds positions in finance, sales and marketing and operations.

Heed Caution While Refueling

Ethanol can be back in a big way, and insufficent labeling at the pumps could lead to problems for your marine powerplant. And the MRAA’s voices support for the 30 by 30 initaitive.

Training the Next Generation

Crest Pontoons will donate a complete boat and trailer to a local high school’s raffle to raise money for its vocational programs.

An “Above Average” Hurricane Season

BoatUS wants to help boaters get ready for the 2021 Atlantic hurricane season, which begins June 1.