LCI Industries filed a current report on October 28, 2026, disclosing that it received an unsolicited, non-binding acquisition proposal from Monomoy Capital Partners while a previously announced merger agreement with Patrick Industries, Inc. remains pending.

Key Highlights

  • Unsolicited proposal received: LCI Industries disclosed an unsolicited, non-binding proposal from Monomoy Capital Partners to acquire all outstanding shares of the company.
  • Existing merger agreement: LCI Industries entered into an Agreement and Plan of Merger with Patrick Industries, Inc. on June 30, 2026.
  • Merger structure: The Patrick transaction is structured as a two-step merger, with LCI Industries ultimately surviving as a direct wholly owned subsidiary of Patrick through a second merger with Planet Second Merger Sub LLC.
  • Registration statement effective: The Form S-4 registration statement (File No. 333-299100) filed by Patrick was declared effective by the SEC on October 19, 2026.
  • Proxy mailing commenced: The definitive joint proxy statement/prospectus was mailed to stockholders of both companies on or about October 19, 2026.
  • Stock listing: LCI Industries common stock, $0.01 par value, trades on NYSE:LCII.

LCI Industries Receives Monomoy Bid While Patrick Merger Advances

According to the filing, LCI Industries, a Delaware corporation headquartered at 3501 County Road 6 East, Elkhart, Indiana, issued a press release on October 28, 2026, announcing it had received an unsolicited, non-binding proposal from Monomoy Capital Partners to acquire all outstanding shares of the company. The filing notes the press release was attached as Exhibit 99.1 to the current report and incorporated by reference. LCI Industries is a supplier of components primarily serving the recreational vehicle and adjacent industries.

The Monomoy proposal arrives while LCI Industries is already party to a merger agreement with Patrick Industries, Inc., an Indiana corporation, signed on June 30, 2026. The filing describes that agreement as providing for a two-step merger: first, Planet First Merger Sub Inc., a newly formed Delaware corporation and wholly owned subsidiary of Patrick, would merge with and into LCI Industries, with LCI Industries surviving as a direct wholly owned subsidiary of Patrick. That would be followed immediately by the merger of LCI Industries with and into Planet Second Merger Sub LLC, a newly formed Indiana limited liability company and wholly owned subsidiary of Patrick, with Second Merger Sub surviving.

The filing also notes that Patrick filed a Form S-4 registration statement (File No. 333-299100) with the Securities and Exchange Commission in connection with the proposed Patrick merger. According to the filing, the registration statement was declared effective on October 19, 2026, and the definitive joint proxy statement/prospectus was mailed to stockholders of both companies on or about that same date. The filing states that information in the current report other than statements of historical facts may constitute forward-looking statements subject to risks and uncertainties, including the risk that closing conditions may not be satisfied, integration difficulties, and the possibility of regulatory conditions being imposed, among other factors listed in the filing.

What Was Disclosed

LCI Industries reported receiving an unsolicited, non-binding acquisition proposal from Monomoy Capital Partners on October 28, 2026, while its previously announced two-step merger with Patrick Industries, Inc., entered into on June 30, 2026, continues to proceed, with a joint proxy statement/prospectus already mailed to stockholders.