National Truck Protection Signs Strategic Agreement with Lone Mountain Truck Leasing

Lone Mountain to Include Warranties on All its Vehicles

CRANFORD, N.J.--()--National Truck Protection Inc. (NTP), North America’s leading independent provider of warranty and service contracts to the trucking industry, announced today that the company has signed an agreement with Lone Mountain Truck Leasing, a class 8 truck retailer. Lone Mountain will offer NTP and ATP truck warranties exclusively to its customers on every vehicle it sells. The agreement marks a significant expansion of the relationship between the two companies.

“We pride ourselves on building long term partnerships with our customers so naturally we are very pleased that Lone Mountain committed to expanding their relationship with NTP,” said Robert S. Amico, president of NTP. “Lone Mountain clearly understands the importance of offering their customers the option of an ironclad warranty that offers protection against breakdowns that could imperil business. We are looking forward to extending NTP’s quality protection to Lone Mountain’s customers.”

Lone Mountain will sell both NTP and ATP warranties to its customers who will then have the knowledge that catastrophic issues arising with their trucks will be covered and resolved.

“Following a highly competitive process, we decided to extend and strengthen our partnership with NTP. They have an exceedingly impressive history and heritage of providing warranties to the used truck industry for over 25 years. However, more impressive to us is the product and service we have received from NTP since buying our first warranty,” said Joe Hoovestol, General Manager of Lone Mountain Truck. “We believe they are the best in the industry.”

About NTP Inc.

NTP Inc., based in Cranford, NJ, is the leading independent provider of warranty and service contracts to the North American trucking industry. NTP, celebrating its 25th year, provides 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 a portfolio company of Palladian Capital Partners LLC, a New York based private equity firm. Palladian teams with management in the middle market segment. Visit www.palladiancap.com for additional information.

Contacts

GK Communications for NTP
Greg Kalish, 516-665-3292
gkalish@gkcomms.com

Contacts

GK Communications for NTP
Greg Kalish, 516-665-3292
gkalish@gkcomms.com