Patrick Industries acquired Medallion Instrumentation Systems, a vehicle electronics and instrumentation supplier.
Acquisition terms were not announced. Medallion reported 2024 revenues of $38 million.
The supplier serves the RV, marine and powersports markets, among others.
Patrick CEO Andy Nemeth said, “We are thrilled to welcome the entire Medallion team to the Patrick family as we advance our mission of providing full-solutions packages to our customers. With the growing customer preference towards digital switching, custom LCD displays, gauges and controllers in the outdoor enthusiast space, this acquisition purposefully connects our complement of existing product offerings into a complete technology solution that can be customized to our customer’s vision and needs.”
The company provides digital switching, lighting controls, integrated audio, sensor products, wire harnesses, gauges and LCD touchscreen displays.
Medallion CEO Jeff Sands said, “The Medallion team and I are energized by the opportunity to join Patrick and continue our mission of providing high-quality solutions tailored to the needs of our valued customers. We believe Patrick’s deep experience, capabilities and resources open up significant opportunities to grow our business in both our existing end markets and in those in which we are currently underpenetrated.”
Consistent with other Patrick acquisitions, Medallion will operate under its existing brand name and within its current Spring Lake, Michigan, facility.
“In tandem with our strong mechanical expertise and customer relationships,” Nemeth said, “Medallion’s engineering, design, and sales capabilities offer an exciting opportunity to further expand our presence in the marine, powersports, and RV markets.”
