February 12, 2020
We are very pleased to announce Regency Transportation, Inc. has entered into an agreement to acquire the assets of S&M Transport, Edison, NJ. S&M was founded 25 years ago by its owner Robert Stacer; it is a truck load carrier with 23 local drivers covering much of the same network that we do. This is a great opportunity for us as we’ve been trying to grow our footprint in New Jersey for some time. Beyond its driver pool S&M has a small but excellent office staff, all of whom are expected to remain with Regency including Bob Stacer who will stay on in his leadership role for a minimum of six months.
The integration of S&M into our normal operating procedures is expected to be quite complex. For that reason, the S&M team will continue to have day-to day autonomy over their driver pool for the short-term. Over the next few months we will evaluate the best way to transition resources, systems and best-practices.
“2019 was a very difficult year for the trucking industry, particularly in the truckload sector which is our bread and butter. This acquisition does not solve all the problems we faced last year but is a giant step in the right direction and we are very excited about the potential the S&M team brings to our new organization.”