NTP snags investment funds

April 26, 2007
Used truck warranty provider National Truck Protection Co. (NTP) is getting a big financial boost from New York-based Praesidian Capital Investors

Used truck warranty provider National Truck Protection Co. (NTP) is getting a big financial boost from New York-based Praesidian Capital Investors, which believes demands for NTP’s services will grow over the next few years.

“This is a strike zone investment for us in that it is a historically profitable company with a strong, experienced and committed management team in an industry with favorable dynamics,” said Neil Marks, managing partner at Praesidian.

“They have a well-deserved reputation as a premier provider of warranties to owner- operators, OEMs, dealerships and fleet owners, with extensive grass roots engine repair knowledge and experience … developed by operating its own diesel engine testing and repair facility,” he added.

Carlstadt, NJ-based NTP, founded in 1984, is an independent used heavy-duty truck inspection and warranty provider that covers owner-operators, fleets and dealerships with a “one-stop shop” for warranties. They also offer “wear-out” protection for working parts (those contributing to oil consumption) and performance complaints, and provide uncapped mileage and repair payouts. NTP also owns Dover Diesel Service, Inc., a provider of repair, inspection and rebuilding services for diesel engines.

For more information go to www.nationaltruckprot.com.

Sponsored Recommendations

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry at our April 16th webinar, where experts will share insights on competitive pay...

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

How Electric Vehicles Help You Prolong the Life of Your Fleet

Before adopting electric vehicles for commercial/government fleets, prioritize cost inquiries. Maintenance is essential; understand the upkeep of EV fleets. Here’s what you need...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!