LCI Industries, a Delaware-incorporated manufacturer of component products for recreational vehicles and adjacent industries, filed a current report on October 28, 2026, disclosing that it had received an unsolicited, non-binding proposal from Monomoy Capital Partners to acquire all outstanding shares of the company.

Key Highlights

  • Unsolicited proposal received: Monomoy Capital Partners submitted a non-binding proposal to acquire all outstanding shares of LCI Industries, as announced via press release on October 28, 2026.
  • Existing merger agreement in place: LCI Industries entered into an Agreement and Plan of Merger with Patrick Industries, Inc. on June 30, 2026, under which LCI would become a direct wholly owned subsidiary of Patrick.
  • Two-step merger structure: The Patrick transaction is structured as a first merger of Planet First Merger Sub Inc. with and into LCI Industries, followed immediately by a second merger of LCI Industries with and into Planet Second Merger Sub LLC.
  • Registration statement effective: Patrick's Form S-4 registration statement (File No. 333-299100) was declared effective by the SEC on October 19, 2026, and the definitive joint proxy statement/prospectus began mailing to stockholders on or about that date.
  • Exchange and ticker: LCI Industries common stock, $0.01 par value, trades on the NYSE:LCII.
  • Filing checked as Rule 425 communication: The company indicated this filing is intended to satisfy its obligations as a written communication pursuant to Rule 425 under the Securities Act.

Monomoy Proposal Arrives as LCI Industries Pursues Patrick Industries Combination

According to the filing, LCI Industries, headquartered at 3501 County Road 6 East, Elkhart, Indiana, disclosed on October 28, 2026, that it received an unsolicited, non-binding acquisition proposal from Monomoy Capital Partners covering all outstanding shares of the company. The disclosure was made through a press release attached as Exhibit 99.1 to the current report. The filing does not disclose the proposed price or any other financial terms included in the Monomoy proposal.

The filing notes that LCI Industries had previously disclosed, on June 30, 2026, an Agreement and Plan of Merger with Patrick Industries, Inc., an Indiana corporation. Under that agreement, Planet First Merger Sub Inc., a newly formed Delaware corporation and direct wholly owned subsidiary of Patrick, would merge with and into LCI Industries, leaving LCI as a wholly owned Patrick subsidiary. That step would be immediately followed by a second merger in which LCI Industries would merge with and into Planet Second Merger Sub LLC, a newly formed Indiana limited liability company and direct wholly owned subsidiary of Patrick, with Second Merger Sub surviving as a direct wholly owned subsidiary of Patrick.

The filing further notes that Patrick filed a registration statement on Form S-4 (File No. 333-299100) in connection with the proposed Patrick transaction. That registration statement was declared effective by the SEC on October 19, 2026, and the definitive joint proxy statement/prospectus was mailed to stockholders of both companies on or about October 19, 2026. The filing states that its forward-looking statements, including those about expected benefits and timing of the Patrick transaction, are the company's own and are subject to its stated cautionary language listing risks such as failure to obtain stockholder or governmental approvals, integration difficulties, and potential termination of the merger agreement.

What Was Disclosed

LCI Industries reported receiving an unsolicited, non-binding proposal from Monomoy Capital Partners to acquire all outstanding company shares, while noting the previously announced June 30, 2026, merger agreement with Patrick Industries remains in place and its associated proxy materials have been mailed to stockholders.