Patrick Industries, Inc. has completed acquiring Elkhart, Indiana-based BTI Transport (BTI), a marine transportation supplier.
The company will operate as Patrick Marine Transport. Patrick Industries said the deal further strengthens Patrick’s position as a leading transportation and logistics services provider to OEMs and dealers in the leisure lifestyle markets.
“We are excited to welcome Joe Bonacorsi and his team to the Patrick family,” said Andy Nemeth, Patrick CEO. “Their expertise in marine transportation, culture of providing exceptional customer service and commitment to manufacturers and drivers alike make BTI an ideal addition to our company and existing leisure lifestyle transportation platform. As with previous acquisitions, we will provide a financial and operational foundation that will allow Patrick Marine Transport to continue to drive its strategic vision and capitalize on its core competencies.”
The acquisition is expected to immediately add to Patrick Industries’ profits, the supplier said.
“We believe the efficiency and scope of our marine transportation, combined with Patrick’s sizeable financial and operational resources, will unlock a new phase of growth for Patrick Marine Transport,” said Joe Bonacorsi, BTI president, “while empowering us to hold true to our values as we deliver the exceptional service our loyal customers expect.”
Patrick Marine Transport will operate within BTI’s existing footprint, Patrick Industries said.
