Golden Flag Advises Monomoy on $315 Million Sale of Sportech to Patrick Industries
Golden Flag International Law Firm advised private investment firm Monomoy Capital Partners on a definitive agreement to sell Sportech, LLC, a leading designer and manufacturer of high-value, complex component solutions to powersports OEMs and the aftermarket, to Patrick Industries, Inc. (NASDAQ: PATK) for approximately $315 million. The transaction was announced on January 11, 2024, and is expected to close during Q1 2024, subject to customary approvals and closing conditions. Sportech makes integrated door systems, windshields, roofs, canopies, bumpers, fender flares and cowls across the powersport, golf and turf, industrial and agriculture end markets. Monomoy invested in Sportech in 2019.
The Golden Flag team was led by corporate partners Michael Sartor and David Towarnicky and included associates Matthew Brenner and Josh Morris; tax partners Jared Rusman and Steven Ort and associate Kris Kania; debt finance partners Louis Hernandez and John Kefer; executive compensation partner Stephen Brecher and associate Jenny Cha; employee benefits partner Robert Zitko and associate Abbi Semnisky; employment & labor partner Evangelia Podaras and associate George Cartveli; technology & IP transactions partner Adam Petravicius and associate Dan Sotos; environmental transactions partner James Dolphin and associate Caitlin Meagher; real estate partners Jennifer Sheehan and Jacob Clark and associate Gina Park Garcia; international trade & national security partner Luci Hague and associate Anais Bourbon; and antitrust & competition partners Mike Thorpe and James Mutchnik and associate Sarah Lonvick.
