Patrick Industries Acquires QES and Egis, Combined Revenue of $39 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2025
0mins
Source: PRnewswire
- Acquisition Completed: Patrick Industries has finalized the acquisitions of Quality Engineered Services and Egis Group, with a combined annual revenue of approximately $39 million, significantly enhancing the company's competitive position in the marine and RV markets.
- Market Expansion: QES focuses on manufacturing electrical systems for the marine and RV industries, while Egis provides engineered electrical components, and their integration will enhance Patrick's capability to deliver innovative solutions for OEMs and the aftermarket in the outdoor enthusiast space.
- Strategic Integration: This acquisition allows Patrick to leverage QES's strategic location near major pontoon and RV OEMs, while also expanding its engineering talent and capabilities, driving innovation in electrical components and system-level integration.
- Brand Continuity: QES and Egis will continue to operate under their existing brand names, ensuring continuity in customer service, while Patrick aims to enhance overall service levels through resource integration, thereby increasing customer satisfaction.
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Analyst Views on PATK
Wall Street analysts forecast PATK stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for PATK is 115.00 USD with a low forecast of 99.00 USD and a high forecast of 126.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
5 Buy
1 Hold
0 Sell
Strong Buy
Current: 129.670
Low
99.00
Averages
115.00
High
126.00
Current: 129.670
Low
99.00
Averages
115.00
High
126.00
About PATK
Patrick Industries, Inc. is a component solutions provider serving the recreational vehicle (RV), marine, powersports and housing markets. Its segments include Manufacturing and Distribution. The Manufacturing includes laminated products that are utilized to produce furniture, shelving, walls, countertops and cabinet products; cabinet doors; fiberglass bath fixtures and tile systems; hardwood furniture; vinyl printing; RV and marine furniture; audio systems and accessories, including amplifiers, soundbars, and subwoofers; decorative vinyl and paper laminated panels; solid surface, granite, and quartz countertop fabrication; RV painting; softwoods lumber; custom cabinetry; polymer-based and other flooring, and electrical systems. The Distribution segment distributes pre-finished wall and ceiling panels; drywall and drywall finishing products; electronics and audio systems components; appliances; marine accessories and components; wiring, electrical, and plumbing products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Patrick Industries to Release 2025 Financial Results on February 5
- Earnings Release Schedule: Patrick Industries plans to announce its fourth quarter and full year 2025 financial results before the market opens on February 5, 2026, which is expected to provide investors with key performance data and future outlook.
- Conference Call Details: The company will hold a conference call at 10:00 a.m. Eastern Time on the same day to discuss financial results and other business matters, with Q&A participation limited to institutional investors and analysts, highlighting its focus on professional investors.
- Webcast and Replay: Interested parties can listen to the live webcast of the conference call on Patrick's website, with a replay available afterward, ensuring broad dissemination and transparency of information.
- Company Background: Since its establishment in 1959, Patrick Industries has become a leading component solutions provider in the RV, marine, powersports, and housing markets, employing over 10,000 people and managing 85 well-known brands, committed to quality and innovation.
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Truist Raises Patrick Industries Price Target to $126 Amid Strong Earnings Resilience
- Price Target Increase: Truist analyst Gregory Miller raised the price target for Patrick Industries from $114 to $126 while maintaining a Buy rating, reflecting the company's earnings resilience amid macro headwinds, which is likely to attract more investor interest.
- Strong Sector Performance: Patrick Industries outperformed the recreation sector in 2025, with the analyst noting its impressive performance in adversity, indicating strong competitive positioning that could further enhance market share.
- Growth Opportunities: The company's aftermarket growth potential through RecPro is highlighted, with the analyst suggesting that this expansion will create new revenue streams, likely boosting overall performance.
- Powersports Sector Expansion: Currently, powersports account for 9%-10% of revenue, and the analyst believes that expanding this segment will provide ongoing growth momentum for Patrick Industries, further solidifying its market position.
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