Sun Capital Partners, Inc., a leading private investment firm specializing in
leveraged buyouts and investments in market-leading companies, today
announced that one of its affiliates has acquired Jevic Transportation,
Inc., an operating subsidiary of SCS Transportation, Inc., a leading provider of transportation and supply chain solutions.
Terms of the acquisition were not disclosed.
Jevic, headquartered in Delanco, New Jersey, offers specialized
less-than- truckload (LTL) transportation services and selected truckload
(TL) and time-definite services from ten service centers with delivery
capability throughout the contiguous 48 states and Canada.
Founded in 1981, Jevic develops integrated customer solutions, including direct-to-customer deliveries, multi-shipper order consolidation for inbound supplies, and express and time-definite deliveries. Designed to lower overall supply chain costs, Jevic's one-stop shopping focuses on loads between 1,000 to 30,000 pounds (overlapping both the LTL and TL markets) and provides customers with an alternative to traditional LTL and TL carriers that may have strict load requirements.
Jason H. Neimark, Managing Director, Sun Capital Partners, Inc.,
stated, "We are excited about our investment in Jevic Transportation and
look forward to working with its management team and dedicated employees in their continued efforts to support their loyal customers."
Dave Gorman, President and CEO of Jevic Transportation, Inc., added,
"In the past, our team has been passionately focused on our business as
part of a very fine larger corporation. We believe that by operating as a
stand-alone company, together with the world-class operating and financial
expertise of Sun Capital Partners, Inc., we will be well positioned to
capitalize fully on a wide range of new growth opportunities.
"Today, I am proud and heartened to say, 'Jevic is a privately-held
company focused solely on the needs of our customers. We are truly excited
about our future and the opportunities in front of us.' "