CRANFORD, N.J.--(BUSINESS WIRE)--National Truck Protection Inc. (NTP), North America’s leading independent provider of extended service contracts to the trucking industry, announces the acquisition of the company by Kinderhook Industries, LLC. (Kinderhook).
Based in New York City, Kinderhook makes investments in industry leading companies with significant growth potential. “We are pleased to add NTP to the Kinderhook portfolio of companies. NTP’s outstanding customer base and reputation for high quality service make the company an excellent foundation upon which to invest and grow,” said Tom Tuttle, Managing Director, Kinderhook Industries. “We are impressed with the NTP team and their commitment and dedication to supporting the Truck Industry and all of its constituents," he added.
“We are extremely pleased to partner with Kinderhook as they have a clear understanding of the opportunities in our industry combined with the resources to support NTP as it continues to provide superior service to the marketplace,” said Robert S. Amico who will continue on as President and CEO of the company.
About Kinderhook Industries
Founded in 2003, Kinderhook Industries is a private equity firm with over $2.0 billion of committed capital and an investment philosophy based on combining senior management and operating experience in a variety of industries with the financial and investment know-how of private equity professionals. Kinderhook primarily makes control investments in companies in which the firm can achieve significant financial, operational and growth improvements. The firm targets orphaned non-core subsidiaries of corporate parents, existing small capitalization public companies lacking institutional support and management-led recapitalizations of entrepreneur-owned companies. By providing access to capital, strategic advice and an extensive network of relationships, Kinderhook Industries has a history of successfully building privately held firms in partnership with management.
About National Truck Protection Co., Inc. (NTP)
NTP, based in Cranford, NJ, is the leading independent provider of warranty and service contracts to the North American trucking industry. For over 33 years, NTP has provided private label warranties to major OEMs as well as extended service contracts to the used truck segment through its extensive network of corporate and independent dealers. NTP provides the most comprehensive repair and breakdown management services in the industry. For information, please visitwww.ntpwarranty.com
