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Patrick Acquires SeaDek Parent

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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.

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“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.”

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