Introduction of New Composite Roofing System for RV OEMs
Patrick Industries developed a new composite roofing system for RV OEMs, which is in the final prototyping stage and expected to supply in the second half of 2025.
This system integrates membranes, adhesives, and composite panels, representing a significant platform win and innovation in RV roofing solutions.
Strategic Acquisition of Progressive Roofing as a Growth Platform in Commercial Roofing Market
Completed acquisition in July 2025, establishing a new platform in the $75 billion commercial roofing services market.
Aligns with core strengths, expands installation services, and increases exposure to non-cyclical, non-discretionary revenue.
Progressive's pipeline includes larger deals, with some deals in the pipeline of significant size.
Management expects the acquisition to be accretive to margins and sees opportunities for cross-selling and project synergies, especially in data centers and industrial projects.
Initial integration efforts include sharing best practices and developing an M&A pipeline for further growth.
Dafinchi