JM Family Enterprises, Inc. announced the acquisition of National Truck Protection (NTP), the first significant acquisition in the company’s automotive business in recent years, according to JM Family's news release.
“We are thrilled to welcome National Truck Protection and its 76 associates to JM Family,” said Brent Burns, president and CEO of JM Family Enterprises. “Our goal is to strategically leverage our strong culture and core competencies, taking advantage of the synergies that exist between us to ensure the continued success for National Truck Protection and their customers.”
Through this acquisition, the company becomes a new division of JM&A Group, a subsidiary of JM Family. With 45 years of leadership in the industry, JM&A Group said it focuses on improving automotive dealers’ performance by offering finance & insurance products and services, dealership training, and consulting.
Since they both currently operate in the F&I space, the two companies will benefit from sharing best practices and collaborating on new products to best serve their customers' needs, according to JM Family.
“JM Family and JM&A Group are well known as innovative leaders in the industry and for doing business the right way,” said Wade Bontrager, president and CEO of NTP. “We look forward to leveraging JM&A’s success to optimize our business by enhancing our leading products and services to grow the success of our business partners and keep our trucking customers on the road and in business.”