Lee Questions RV Company Merger on Antitrust Concerns to Protect American Travelers

WASHINGTON - U.S. Senator Mike Lee (R-UT), Chairman of the Senate Subcommittee on Antitrust, Competition Policy, and Consumer Rights, sent an oversight letter Tuesday expressing antitrust concerns around a potential merger of recreational vehicle (RV) companies LCI Industries and Patrick Industries.

"I sent a letter to LCI and Patrick raising antitrust concerns about their proposed merger for the RV components," said Senator Mike Lee. "I'm conducting oversight to ensure this deal does not raise prices for Americans who love RVing."

Background

A merger between LCI Industries and Patrick Industries, two of the largest suppliers in the U.S. RV components market, raises significant antitrust concerns. LCI reported full-year 2024 consolidated net sales of $3.7 billion, while Patrick reported 2024 net sales of $3.715 billion, including $1.6 billion in sales to the RV market.

A transaction combining these companies would create a supplier of considerable scale across multiple component categories critical to RV manufacturers, which warrants close scrutiny. In his oversight letter, Senator Lee outlined several questions and concerns to be answered by both companies prior to merging.

Access the full text of the letter here.

###