David Reynolds and Matthew Schapker. (Photo by William Kay)
Mergers and Acquisitions

PTL Marine, Abco Announce Partnership

PTL Marine and Abco Industrial & Marine announced an exclusive partnership May 24 to provide marine, MRO and safety supplies to customers operating on the inland waterways.

The combined companies have more than 110 years of service to the marine industry, and the unification of their respective strengths make the partnership advantageous and cost-effective for customers of both organizations, company officials said.

“We are pleased to have formalized a partnership with Abco to provide a comprehensive supplies procurement solution for our customers,” said David Reynolds, president of PTL Marine. “The offering combines Abco’s sourcing expertise with PTL Marine’s last-mile logistics capabilities, and the industry will be extremely well-served through this relationship.” 

Matthew Schapker, vice president of sales at Abco Industrial & Marine, also praised the partnership.

“Abco is excited to join together with PTL Marine to leverage our competencies and create an enhanced customer experience,” he said. “We are confident this combined offering will simplify the supply chain challenges faced by the industry when replenishing marine, MRO and safety supplies.” 

The partnership is set to commence at PTL Marine’s full-service locations in Wood River, Ill.; Wickliffe, Ky.; and Memphis, Tenn., beginning in June.

Caption for photo: David Reynolds and Matthew Schapker. (Photo by William Kay)