Patrick Industries expands market reach with acquisition of Medallion Instrumentation Systems

Patrick Industries, Inc. has completed its acquisition of Medallion Instrumentation Systems, LLC, a move that strengthens its position as a key player in the marine, RV market, and powersports industries. The deal enhances Patrick Industries’ technological capabilities, expanding its offerings in digital switching solutions, touchscreen displays, and vehicle electronics to meet growing consumer demand for advanced recreational and commercial vehicle systems.

Medallion Instrumentation Systems, headquartered in Spring Lake, Michigan, has built a strong reputation for delivering integrated electronic solutions tailored to marine, powersports, military, and on-highway markets. With expertise in touchscreen displays, digital switching solutions, and vehicle electronics, the company provides cutting-edge technology that enhances vehicle performance, safety, and user experience. In 2024, Medallion generated approximately $38 million in revenue, reflecting its strong market presence and growth potential.

Strategic Expansion into High-Demand Technology Sectors

The acquisition aligns with Patrick Industries’ broader strategy of expanding its portfolio with innovative, technology-driven solutions. As the demand for digital switching solutions, touchscreen displays, and vehicle electronics continues to rise, the company sees Medallion’s capabilities as a key addition to its existing product offerings.

Industry trends indicate a shift toward advanced electronic systems in marine and recreational vehicles, with consumers prioritizing enhanced connectivity, automation, and real-time monitoring. The integration of Medallion’s engineering expertise with Patrick Industries’ manufacturing and distribution network is expected to drive innovation across multiple sectors, particularly in the marine, RV market, and powersports industries.

According to industry insights, the adoption of touchscreen displays, digital switching solutions, and vehicle electronics has accelerated due to increasing customer preference for seamless control systems in vehicles. By integrating Medallion’s technology, Patrick Industries is positioned to deliver comprehensive solutions that improve the functionality and efficiency of recreational and specialty vehicles.

Growth Prospects and Market Impact

The acquisition represents a strategic move to strengthen Patrick Industries’ market position in specialized vehicle electronics. As recreational vehicles and marine vessels become more technologically advanced, the demand for digital switching solutions, touchscreen displays, and vehicle electronics is expected to grow. This expansion not only reinforces Patrick Industries’ leadership in component solutions but also opens new opportunities in emerging markets where automation and connectivity are driving industry evolution.

Medallion will continue to operate under its existing brand name and will maintain operations at its current facility, ensuring continuity for customers and partners. The integration process will focus on leveraging Medallion’s engineering capabilities while aligning with Patrick Industries’ long-term growth strategy.

Industry analysts view this acquisition as a significant step toward expanding Patrick Industries’ technological footprint. As the company integrates Medallion’s expertise, it is expected to introduce new solutions that cater to evolving customer expectations in the marine, RV market, and powersports industries.

Positioning for the Future

With more than 85 brands under its portfolio, Patrick Industries has solidified its presence as a major supplier of component solutions. The acquisition of Medallion Instrumentation Systems reinforces its commitment to innovation and customer-focused solutions, ensuring it remains at the forefront of industry advancements.

The recreational and commercial vehicle markets are evolving rapidly, with increasing adoption of touchscreen displays, digital switching solutions, and vehicle electronics. Patrick Industries’ ability to integrate new technology solutions across its product lines positions it for continued success in meeting the needs of manufacturers and consumers.

The financial terms of the acquisition have not been disclosed, but the deal underscores Patrick Industries’ ongoing investment in expanding its capabilities to support the future of smart vehicle technologies.