CRANFORD, N.J.–(September 16, 2016)–National Truck Protection (“NTP” or the “Company”) today announced the appointment of Jim Porcari to its board of directors. Jim is a Kinderhook operating partner with significant executive experience in the insurance industry.
Headquartered in Cranford, NJ, NTP has a 33-year track record of providing extended service contracts for critical coverage on high-value fundamental drivetrain components for used class 3 through 8 trucks. The Company is the undisputed market leader selling through an unmatched and diverse distribution network that includes over 1,300 used truck dealerships, large blue-chip OEM truck manufacturers, large commercial trucking fleets, and finance and leasing companies throughout the United States. NTP’s products offer significant value to its customers, from large fleets to independent owner-operators, by returning their trucks to running condition in the event of a breakdown.
“The addition of Jim to our board is very exciting. His deep insurance industry knowledge and his leadership expertise in demonstrated best practices pertaining to claims handling and customer service are truly valuable as we expand and enhance NTP’s operating characteristics,” said Robert S. Amico, President and CEO of NTP.
About Mr. Porcari
With over 35 years of industry experience, Porcari assists Kinderhook in evaluating investment opportunities in the insurance and collision industry. Porcari is Founder and Managing Partner of Insurance Resources International, LLC a strategic consulting firm for the property and casualty industry since 2010. Prior to founding Insurance Resources International, Porcari was President of Personal Lines Claims for American International Group (US), and has held various other leadership positions with several insurers. In addition, Porcari was recently added to the board of directors at Collision Diagnostic Services, a Kinderhook Fund III portfolio 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 entrepreneurowned 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 32 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 visit www.ntpwarranty.com
NTP is an Accredited Member of the Better Business Bureau. Please visit www.bbb.org for the latest ratings.