At what enterprise value was SPORTECH acquired in 2024?

During the acquisition of SPORTECH by PATRICK INDUSTRIES in 2024, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 300M - 700M USD. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Industry & Manufacturing industry currently tracks an average EBITDA multiple of 11.6x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of SPORTECH when it was acquired by PATRICK INDUSTRIES?

The exact EV/EBITDA multiple for SPORTECH is available on mynth capital. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 11.6x. Join our community for free to access full valuation data and industry trends.

When was SPORTECH acquired by PATRICK INDUSTRIES?

SPORTECH was acquired by PATRICK INDUSTRIES in 2024.

What was the revenue of SPORTECH at the time of the deal?

The revenue of SPORTECH at the time of the deal is estimated to be in the range of 250M - 500M USD. Register for free to access the full transaction report and exact valuation multiples.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the SPORTECH acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the SPORTECH deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.privateequitywire.co.uk/monomoy-agrees-315m-sportech-sale-to-patrick-industries/

← DATABASE

Home Database Industry & ManufacturingSPORTECH

01/2024

SPORTECH acquired by PATRICK INDUSTRIES

UNITED STATES Automotive / Auto Parts & Suppliers / Auto Parts & Systems EV 300M - 700M USD

Context

Patrick Industries signed a definitive agreement to acquire Sportech, LLC from Monomoy Capital Partners. This acquisition is immediately accretive to Patrick's margins and earnings per share. It represents a strategic "Secondary Buyout" where an industrial player takes over from a private equity firm to support the next phase of growth. Patrick aims to leverage its existing relationships with Powersports OEMs to cross-sell Sportech's premium cabin solutions and realize cost synergies.

SPORTECH, which reported an EBITDA margin of in 2023, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Industry & Manufacturing sector (11.6x).

-> Deep-dive in Industry & Manufacturing market trends

Target

Based in Minnesota, Sportech is a premier designer and manufacturer of complex cab components and systems for the powersports, golf, turf, and agricultural markets. The company specializes in high-value assemblies such as doors, windshields, roofs, canopies, and bumpers, primarily for Utility Task Vehicles (UTVs). Sportech operates as a Tier 1 supplier to major OEMs (likely including Polaris, John Deere, etc.), offering integrated solutions that enhance vehicle utility and comfort.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year

Rev

EBITDA

EBIT

2023

2022

Similar deals in Automotive

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
11/2024	UI INVESTISSEMENT	ANTARES DIFFUSION	FRANCE	Aftermarket & Repair
09/2024	OUEST CROISSANCE / BPIFRANCE	TEXELIS	FRANCE	Heavy Duty & Special Vehicles
06/2023	GLOBAL AUTO HOLDINGS	LOOKERS	UNITED KINGDOM	Dealerships
11/2022	AUO CORPORATION	BEHR-HELLA THERMOCONTROL GMBH (BHTC)	GERMANY	Auto Parts & Systems
10/2022	PLASTIC OMNIUM	VARROC LIGHTING SYSTEMS (VLS)	INDIA	Auto Parts & Systems
10/2022	SOCIETE GENERALE CAPITAL PARTENAIRES	POZEO	FRANCE	Retail & Services
07/2022	PLASTIC OMNIUM	AMLS AUTOMOTIVE LIGHTING SYSTEMS	AUSTRIA	Auto Parts & Systems
05/2022	D’IETEREN	AUTODISTRIBUTION / PARTS HOLDING EUROPE	FRANCE	Retail & Services
11/2019	TDR CAPITAL	CONSTELLATION AUTOMOTIVE	UNITED KINGDOM	Dealerships
12/2018	EMZ PARTNERS	VIGNAL GROUP	FRANCE	Auto Parts & Systems

REFERENCES

Valuation range: EV 300M - 700M USD

Revenue range: 250M - 500M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SPORTECH by PATRICK INDUSTRIES are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: patrick industries