CAMDEN, NJ - Cold supply chain solutions provider, NFI Industries (NFI), recently announced its completed acquisition of G&P Trucking Company (G&P). Based in the Southeast, G&P is a logistics provider specializing in asset-based transportation, port drayage, and non-asset brokerage solutions. This acquisition will serve to expand NFI’s footprint in the Southeast, while strengthening its asset and non-asset solutions.
“G&P is a well-respected, family-owned transportation company with a deep-rooted history, and our shared values of family and integrity create a perfect cultural fit,” said Sid Brown, CEO of NFI. “Unifying the talents of both NFI and G&P teams, we are excited to bring even greater value to our customers through our robust suite of solutions. Together, our combined footprint will distinguish us as one of the largest dedicated transportation providers in North America.”
Headquartered in Columbia, South Carolina, G&P has more than 83 years of experience in offering transportation services for customers across its 14 locations, according to a press release. NFI’s expanded presence in the Southeast increases the company’s footprint to over 300 locations throughout North America and more than 12,600 employees. The acquisition will also serve to enhance NFI’s industry expertise in diverse industries such as retail, automotive, tires, and textiles.
“Powered by the same philosophies as G&P, NFI will allow for greater opportunities for our employees, partners, and customers,” said Clifton Parker, President and General Manager of G&P. “We look forward to the future and are eager to continue our growth and success with NFI.”
NFI’s drayage presence will expand to include G&P-operated ports in Savannah, Norfolk, and Charleston, and with G&P’s 120 owner-operator partnerships, NFI’s drayage fleet will grow to include more than 1,500 tractors. The company’s expanded drayage presence will cover major ports, terminals, and logistics hubs across the U.S., allowing NFI to offer its customers a full suite of supply chain solutions that includes transloading, consolidation, deconsolidation, and customs exams. The acquisition will also enhance NFI’s brokerage service offerings.
With the recent acquisition, NFI’s asset-based transportation fleet, predominantly providing dedicated contract carriage solutions, will grow to more than 3,000 tractors and 12,500 trailers. G&P’s asset-based transportation solutions include dedicated, regional, long-haul, and Mexico border crossing, and with this acquisition, NFI’s asset-based fleet will be operated by 2,700 company drivers and utilize the services of 400 owner operators.
For more news on industry acquisitions, keep reading AndNowUKnow.
