ELKHART, Ind. -- Patrick Industries and LCI Industries announced an all-stock merger Tuesday, with the transaction expected to close in the first half of 2027.

Patrick is a component provider for housing and transportation markets, whereas LCI, through its Lippert subsidiary, is a component provider for outdoor recreation and transportation markets.

Patrick shareholders are expected to own roughly 52 percent of the resulting company, with LCI shareholders owning roughly 48 percent. Current Patrick CEO Andy Nemeth is planned to serve as the combined company's CEO.

The new company is planned to be headquartered in Elkhart. It will have a 12-member Board of Directors, with six members from each original company. Patrick Director Todd Cleveland will be Chair, and LCI Interim CEO and Director Johnny Sirpilla will be Vice Chair.