Wednesday, Jul 23, 11:14 PM
 
Web Search powered by YAHOO! SEARCH
TEXT SIZE: A A A A
Email this post | Back to Blog home
Monday, May 19, 2008
Sun Capital shuts Jevic trucking

  Innovative trucking firm Jevic Transportation Co., Delanco, has closed, citing higher costs. The shutdown idles 1,900 at Burlington County's biggest blue-collar employer (that count according to the county's last bond prospectus in March). Inquirer story here. Release here.
  That's just a month after Jevic announced new "investments" and changes to its business model. Release here.
  Jevic is owned by Sun Capital Partners of Boca Raton, one of the private-equity outfits that's been looking to buy one of Camden County's biggest employers, Shapes/Arch Holdings.

Posted by Joseph N. DiStefano @ 2:02 PM  Permalink | 2 comments
SAVE AND SHARE
Comments
Posted by chainsofroses 08:49 AM, 05/22/2008
JEVIC TRANSPORTATION IS BOUNCING PAYCHECKS
Posted by distefj 09:29 AM, 05/22/2008
That's really disturbing. Can you tell us more? My colleague Maya Rao 856-779-3220 has been covering the story. Her article in today's Inquirer says Jevic is being accused of failing to give federally-required notice they were getting ready to shut down.
2 comments
About Joseph N. DiStefano
Your source for M&A, commercial real estate and private equity news in Philadelphia and nearby. By Inquirer business reporter Joseph N. DiStefano. Joe has worked for the Inquirer, mostly, since 1988. Last year he covered Citigroup for Bloomberg News. He's the author of Comcasted, a book about Philadelphia’s most-valuable company. He holds a degree in economics from Penn.