New Century Transportation announced it has acquired New Jersey-based P&P Transport, a 20-year-old carrier that utilizes a hybrid less-than-truckload/truckload business model to transport freight, which New Century says is highly complementary to its proprietary Load-to-Deliver freight system.
Terms of the acquisition were not announced. New Century says the purchase represents its third acquisition within the past four years and creates an organization that will be one of the largest carriers in its core Northeast markets.
“We are extremely pleased to be partnering with P&P, which will enable us to bolster our ability to service new and present customers in our principal markets,” says Harry Muhlschlegel, chairman and chief executive officer of Westampton, N.J.-based New Century. “This agreement will enable our company to further enhance its already established reputation for outstanding client service. We are pleased that both companies share a common model of hybrid ‘Load-to-Deliver’ LTL service, and a common culture based on premium performance.”
“P&P’s reputation for custom-driven delivery solutions and quality-assured performance has fostered excellent long-term partnerships with its customer base,” says Jim Molinari, NCT president. “This opportunity offers numerous operational synergies that will make both companies more competitive in the marketplace, and will provide an exciting place for our combined work force and driver base.”
“The P&P team has enjoyed building many long-term relationships by providing excellent service to our loyal customers,” says Charlie Zanger, P&P president and co-founder.
“Our attention to detail and responsiveness to customer needs has contributed significantly to P&P’s growth over the years,” says Joe Montgomery, P&P vice president and co-founder. “Charlie and I are excited to be members of the New Century executive team, where we will have access to industry-best practices and resources that will foster continued success for our valued customers and our employees.”
New Century Transportation says it has grown from a start-up in 2000 to a fleet of more than 1,000 tractors today through both internal fleet development and strategic acquisitions.