LCI Industries (NYSE: LCII) confirmed on October 28, 2026, that it has received an unsolicited, non-binding proposal from Monomoy Capital Partners to acquire all outstanding shares of the company for $101 per share in cash.
The proposal comes as LCI is already in the process of merging with Patrick Industries (NASDAQ: PATK). On June 30, 2026, LCI entered into a definitive agreement to combine with Patrick in an all-stock transaction. The existing merger agreement remains in place, and the LCI Board of Directors continues to recommend the Patrick transaction.
Per the filing, the LCI Board of Directors, in consultation with its independent financial and legal advisors, is evaluating Monomoy Capital Partners' proposal. The company stated that it will provide an update to shareholders in due course and advised shareholders to take no action with respect to the Monomoy proposal at this time.
Perella Weinberg Partners LP is serving as the financial advisor to LCI Industries, and Kirkland & Ellis LLP is serving as the legal advisor.
