NFI Acquires G&P Trucking Company, Expanding Transportation Presence in Southeast
NFI, a leading supply chain solutions provider, recently completed the acquisition of G&P Trucking Company, Inc. (G&P), a logistics provider specializing in asset-based transportation, port drayage, and non-asset brokerage solutions in the Southeast.
CAMDEN, N.J., Dec. 30, 2019 /PRNewswire-PRWeb/ -- NFI, a leading supply chain solutions provider, recently completed the acquisition of G&P Trucking Company, Inc. (G&P), a logistics provider specializing in asset-based transportation, port drayage, and non-asset brokerage solutions in the Southeast. The acquisition further establishes NFI's position as a premier transportation provider, strengthening NFI's asset and non-asset solutions and expanding its southeast footprint.
G&P, headquartered in Columbia, S.C., has over 83 years of experience in providing transportation services for customers across its 14 locations. The addition of G&P enhances NFI's network density in the Southeast and increases the company's footprint to over 300 locations throughout North America, employing more than 12,600 associates. Further, G&P deepens NFI's industry expertise throughout diverse industries such as automotive, tires, retail, and textiles.
G&P's asset-based transportation solutions include dedicated, regional, long haul, and Mexico border crossing. With G&P's 370 tractors and 3,000 trailers, NFI's asset-based transportation fleet, predominantly providing dedicated contract carriage solutions, will grow to more than 3,000 tractors and 12,500 trailers. With the addition of G&P, NFI's asset-based fleet will be operated by 2,700 company drivers and utilize the services of 400 owner operators.
Operating at the ports of Savannah, Norfolk, and Charleston, G&P will expand NFI's drayage presence in those ports. With the addition of G&P's 120 owner operator partnerships, NFI's drayage fleet will grow to more than 1,500 tractors. NFI's expansive drayage presence spans major ports, terminals, and logistics hubs across the U.S., offering 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.
"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."
"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."
About NFI -- NFI is a fully integrated North American supply chain solutions provider headquartered in Camden, N.J. Privately held by the Brown family since its inception in 1932, NFI generates more than $2 billion in annual revenue and employs more than 12,600 associates. NFI owns facilities globally and operates approximately 50 million square feet of warehouse and distribution space. Its dedicated fleet consists of over 3,000 tractors and 12,500 trailers operated by 2,700 company drivers and leveraging partnerships with 400 owner operators. Leveraging the services of more than 1,500 owner operators, NFI has a significant presence at nearly every major U.S. port. The company's business lines include dedicated transportation, distribution, brokerage, transportation management, port drayage, intermodal, global logistics, and real estate. For more information about NFI, visit http://www.nfiindustries.com or call 1-877-NFI-3777.
SOURCE NFI
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