Just two months after merger talks unexpectedly collapsed, two of the RV industry’s biggest suppliers say they’re getting back together after all.
If approved, the all-stock merger would combine Patrick Industries and LCI Industries, better known to many RVers through its Lippert brand. Together, the companies supply many of the parts that go into today’s motorhomes and towables.
Most RV owners have probably never heard of Patrick Industries, but many already own products the company makes.
The merger still requires approval from shareholders and regulators, with the companies expecting the transaction to close during the first half of 2027.
The deal seemed dead
Back in April, Patrick and Lippert announced they were discussing what was described as a merger of equals. But in May, the companies said negotiations had ended after they couldn’t agree on key terms. RV Travel covered the collapse of those talks at the time.
Now the companies are back with a signed merger agreement.
Timeline
April: Companies announce merger discussions.
May: Merger talks end after the companies say they can’t agree on key terms.
June: A new merger agreement is announced.
“Just weeks after saying merger talks had ended, Patrick and Lippert returned with a signed agreement.”
Under the proposed deal, Patrick shareholders would own about 52% of the combined company, while Lippert shareholders would own about 48%. Patrick Chairman and CEO Andy Nemeth would become CEO of the combined company, while Lippert President and CEO Jason Lippert would serve as president and chief operating officer.
The companies say the merger will help them invest more in new products, operate more efficiently, and offer manufacturers a broader range of components.
Why this matters beyond the boardroom
Patrick and Lippert don’t build RVs. Instead, they build many of the parts that RV manufacturers buy before an RV ever reaches a dealer’s lot.
That means this merger could affect a large portion of the RV supply chain, even though most RV buyers may never notice the company names behind those components.
You may be surprised who built that part
When you buy an RV, you’re buying thousands of parts assembled from dozens of suppliers.
Two competing RV brands may use components from the same supplier, including:
- Entry doors
- Windows
- Furniture
- Flooring
- Countertops
- Steps
- Awnings
- Slide-out mechanisms
- Axles and suspension components
- Leveling systems
- Electrical components
- Water system parts
That’s one reason the proposed Patrick-Lippert merger is drawing attention. Together, the companies already supply a wide range of components used across much of the RV industry.
“When companies that supply so many RV components combine, manufacturers, dealers and repair shops tend to pay attention.”
That’s why this isn’t just another corporate merger. Whether RV owners notice any long-term changes remains to be seen, but the companies that build, sell and repair RVs will almost certainly be watching closely.
Part of a larger trend
If approved, the merger would continue a trend RV buyers have watched for years.
RV manufacturers have steadily grown through acquisitions. Campground companies have done the same. Parts suppliers have, too.
Today, two RVs wearing different brand names may share many of the same windows, furniture, flooring, suspension components or other parts because they came from the same supplier.
What isn’t known yet
Some RV owners may wonder whether combining two major suppliers could eventually affect competition, product availability or pricing.
Right now, nobody knows.
The companies argue the merger will make them more efficient, strengthen product development and provide better value for manufacturers and customers. Regulators reviewing the transaction will examine those and other issues before deciding whether the deal can move forward.
For RV owners, any changes—if they occur at all—would likely take time to become noticeable.
The bottom line
Nothing changes today for current RV owners.
Warranty coverage, replacement parts, and dealer support continue as before while the merger works its way through shareholder votes and regulatory review.
The deal still has several hurdles to clear before it becomes reality. If it does, it will create one of the largest suppliers the RV industry has ever seen—one whose products could end up in countless future RVs, regardless of the brand name on the front.
We’ll continue following the merger as it moves through the approval process.
Sources
Patrick Industries investor relations (June 30, 2026)
LCI Industries investor relations
RV Travel (May 2026)
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