Capstone Partners 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 Capstone 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 Capstone. “It was a privilege to work with this exceptional company and its talented management team.”
