LCI Industries has received an unsolicited, non-binding proposal from Monomoy Capital Partners to buy the company for $101 per share in cash.
LCI Industries, through its Lippert subsidiary, supplies engineered components to the outdoor recreation and transportation markets for original equipment manufacturers and the aftermarket.
The proposal comes after LCI entered into a definitive agreement on 30 June 2026 to combine with Patrick Industries in an all-stock merger. The proposed merger of LCI and Patrick would create a business supplying components to the outdoor enthusiast, housing and transportation markets.
LCI’s merger agreement with Patrick remains in place, and its board of directors continues to recommend that shareholders support the transaction.
‘Shareholders advised to take no action’
In a statement issued yesterday (28 October 2026), the board says it will assess Monomoy’s proposal with its independent financial and legal advisers as part of its fiduciary duties. LCI will update shareholders in due course. For now, shareholders have been advised to take no action on the Monomoy proposal.
Perella Weinberg Partners LP is acting as financial adviser to LCI, while Kirkland & Ellis LLP is serving as legal adviser.
Monomoy Capital Partners is a US private investment firm founded in 2005, with offices in Greenwich, Connecticut and New York. It manages more than $6bn for institutional investors and focuses on middle-market businesses, primarily in North America. Its private equity investments include acquisitions of family-owned companies, divisions sold by larger groups and listed businesses taken private. The firm also invests in corporate debt through its private credit strategy.
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