Jeffrey Rodino on acquisitions
From Jeff Rodino of Patrick Industries on Corporate Realignment, State of Market · · RVBusiness Magazine
“Since 2009, we've made somewhere between 85 to 90 acquisitions. Through that process, we've really tried to increase our presence in the RV market, which is still roughly 45 to 50% of our core business. At the same time, we've diversified into other markets to gain financial flexibility and leverage innovations across our power sports, marine, and RV divisions.”
On , Jeffrey Rodino, President of RV at PATRICK INDUSTRIES INC, spoke about acquisitions during Jeff Rodino of Patrick Industries on Corporate Realignment, State of Market on RVBusiness Magazine.
About Jeffrey Rodino
Jeff Rodino, president of RV at Patrick Industries, discussed the company's performance and market outlook in a September 2024 interview. He described the prior year as "a pretty tough year" for the markets Patrick serves, but expressed pride in how the team responded by consolidating operations and managing costs. Rodino stated that an upturn in the RV market is "far more likely in the second half of 2024 than the first half," citing potential changes in the interest rate environment. He noted that the company has positioned itself to "flex up" production when demand returns, and said he sees "nowhere but upward potential in all the markets we serve moving forward." Rodino also outlined a recent realignment of senior management, explaining that he continues to focus on the RV market while colleagues Kip Alis and Rick Ranger oversee power sports/housing and marine, respectively. He attributed the company's flexibility to consolidation efforts and investments in innovation, automation, and AI in its plants. In a 2022 interview, Rodino had reported record financial results—Q4 net sales of $1.1 billion (a 49% year-over-year increase) and full-year net sales of $4.1 billion (a 64% increase)—and described the company's strategy of disciplined acquisitions, having completed 85 to 90 acquisitions since 2009.
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