Patrick Industries yesterday announced it completed the acquisition of Indiana-based trucking company BTI Transport. The company will be rebranded as Patrick Marine Transport and strengthens the logistics and transportation services the company provides to OEMs and dealers in the marine and recreational vehicle spaces.
“We are excited to welcome Joe Bonacorsi and his [BTI Transport] team to the Patrick family,” Patrick CEO Andy Nemeth said in a statement. “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.”
The acquisition is expected to be immediately accretive to net income per share. Patrick Marine Transport will continue to operate within BTI’s existing footprint for a seamless transition for customers and employees.
