Headwaters MB advised BH Electronics, a leading provider of electrical and electronic systems, components and parts sold into the marine industry, on its sale to Patrick Industries.
Headquartered in Memphis, Tennessee, BH Electronics is the marine industry leader in the design and manufacture of helm dash assemblies, electrical systems, components and parts for the nation’s top recreational boat manufacturers.
“We’re very excited about the future with Patrick Industries who shares our passion and uncompromising commitment to providing the most innovative and superior products on the market, and to be at the forefront of the marine and RV industry in design, performance and customer service,” said Glen Brown, President of BH Electronics. “We appreciate the professional advice provided by Headwaters and results in bringing the perfect organization with which to grow our business.”
“This is a textbook example of a strong strategic fit between a buyer and seller, resulting in many significant benefits for both sides. With complementary products and end markets, there are considerable cross sell opportunities for Patrick and BHE, as well as numerous ways to leverage management, design, production and marketing expertise in each organization," said Paul Janson, Managing Director at Headwaters MB. “It was a privilege to work with this exceptional company and its talented management team.”
About BH Electronics
Founded in 1991, BH Electronics is the marine industry leader in the design and manufacture of helm dash assemblies, complete electrical systems, components and parts for the nation’s top recreational boat manufacturers. Its fully integrated dash assemblies include instrumentation, controls, gauges, switches, and wiring for ski, wakeboard, cruiser, deck, pontoon, fishing, and other boats. BHE also manufactures other components such as circuit breaker boxes, glove boxes, radio boxes, battery boxes, AC panels, trim panels and center consoles. For additional information, visit www.bhelectronicsinc.com.
About Patrick Industries
Founded in 1959, Patrick Industries is the leading manufacturer of building products and materials to the Manufactured Housing and Recreational Vehicle Industries in the United States. The Company also supplies many of its products to the Industrial market that includes customers in the kitchen cabinet, office and household furniture, fixtures and commercial furnishings, marine, architectural and the automotive aftermarket. In addition, Patrick Industries is an independent wholesale distributor for the Manufactured Housing and Recreational Vehicle Industries supplying pre-finished wall and ceiling panels, drywall and drywall finishing products, electronics, cabinet doors and cabinet components, fiber reinforced polyester products, cement siding, interior passage doors, furniture, roofing products, lighting, flooring, electrical, wiring, plumbing and other related products. For more information, visit www.patrickind.com.