Winston Salem, NC – JM Family Enterprises, Inc., a privately held company with over $18 billion in revenue and more than 4,700 associates, recently made another significant investment in its growth strategy with the acquisition of National Truck Protection (NTP), a leading service contract provider in the medium-and heavy-duty used commercial truck industry servicing single truck owners and commercial fleet operators. Building on JM Family’s long history in the automotive industry and its commitment to helping other businesses succeed, this acquisition is the first significant acquisition in the company’s core automotive business in recent years.
“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 of 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 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. NTP and JM&A Group are also culturally aligned, with both companies prioritizing the value of their associates and building long-term relationships with their partners to achieve mutual success.
“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.”
Founded in 1983, NTP will continue to operate as a standalone company and maintain its headquarters in Winston-Salem, North Carolina.
This important acquisition represents JM Family’s continued commitment to growing its core automotive business in addition to expanding into new industries. Since 2019, JM Family has acquired seven new companies, which now include NTP.
For more information contact Tim Ronan at [email protected]
About National Truck Protection Co. Inc.
National Truck Protection Co Inc.® (NTP) is the proud parent company of North America’s two largest and oldest commercial truck aftermarket warranty brands: National Truck Protection® and Premium 2000+®. The National Truck Protection® brand has served the used truck market since 1983, longer than any aftermarket warranty brand. Premium 2000+ is the second oldest aftermarket brand, starting a business in 1995 in Winston Salem, NC where NTP’s headquarters are today.
Both brands offer a variety of extended warranties for class 2 – 8 commercial vehicles that cover major equipment like engines, injectors, turbos, aftertreatment, water pumps, transmission, HVAC, APU, refrigeration unit,s and more. Warranties are primarily sold through used truck dealerships including the OEM, independent, rental truck dealerships, and other reselling partners. Custom warranty programs are available for other selling channels including finance companies, insurance agencies, and fleet programs. We leverage our relationships with over 5,400 repair centers across the US and Canada, including 400+ Preferred Repair Partner (PRP) facilities, to service our customers as quickly as possible to get them back on the road. For more information, visit our websites: ntpwarranty.com and premium2000.com.
About JM&A Group
JM&A Group, a leader in the F&I industry for more than 40 years, serves more than 3,800 automotive dealerships nationwide. Comprised of Jim Moran & Associates, Inc. (JM&A), Fidelity Warranty Services, Inc. (FWS), Fidelity Insurance Agency, Courtesy Insurance Company, and now National Truck Protection Co Inc. ®, it provides a variety of products and services such as F&I training and consulting, vehicle protection plans, used vehicle certification programs, prepaid maintenance plans and GAP programs. Additionally, the company has more than 800 associates, including a dedicated sales force of 300+ associates who support process implementation for dealer operations and digital sales strategies. For more information about JM&A Group’s products and services, contact us at 1-800-553-7146 or visit us online at www.jmagroup.com.
JM&A Group is a division of JM Family Enterprises, Inc., a privately held company with $18 billion in revenue and more than 4,700 associates, which is headquartered in Deerfield Beach, Florida. JM Family has earned various awards for its culture, products, and services, including 24 consecutive years on Fortune’s 100 Best Companies to Work For list. Interact with JM&A Group on Facebook, and LinkedIn.
About JM Family Enterprises, Inc.
JM Family Enterprises, Inc. was founded by automotive legend, Jim Moran in 1968. It is a privately held company with $18 billion in revenue and more than 4,700 associates. Rooted in automotive and united in its strong culture and core values, JM Family is in the business of helping other businesses succeed. As a long-term partner, it is invested in its companies, associates and its communities. Driven by exceptional performance, current subsidiaries are in the automotive, financial services and franchising industries. Its family of companies includes: Southeast Toyota Distributors, JM&A Group, World Omni Financial Corp. (dba Southeast Toyota Finance), JM Lexus, Home Franchise Concepts®, Futura Title & Escrow, and Rollease Acmeda, a leading specialty distributor of window covering systems.
JM Family has earned various awards for its culture, products and services, including 24 consecutive years on Fortune’s 100 Best Companies to Work For list. Interact with JM Family on Facebook, Twitter, Instagram and LinkedIn.