SCST SCS Transport (MM)

BOCA RATON, Fla., July 5 /PRNewswire/ -- Sun Capital Partners, Inc. ("Sun Capital"), a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies, today announced that one of its affiliates has acquired Jevic Transportation, Inc. ("Jevic"), an operating subsidiary of SCS Transportation, Inc. (NASDAQ:SCST), a leading provider of transportation and supply chain solutions, servicing a broad base of customers across North America. Terms of the acquisition were not disclosed. Jevic, headquartered in Delanco, New Jersey, offers specialized less-than- truckload ("LTL") transportation services and selected truckload ("TL") and time-definite services from ten service centers with delivery capability throughout the contiguous 48 states and Canada. Founded in 1981, Jevic develops integrated customer solutions, including direct-to-customer deliveries, multi-shipper order consolidation for inbound supplies, and express and time-definite deliveries. Designed to lower overall supply chain costs, Jevic's one-stop shopping focuses on loads between 1,000 to 30,000 pounds (overlapping both the LTL and TL markets) and provides customers with an alternative to traditional LTL and TL carriers that may have strict load requirements. By eliminating multiple transfers and the likelihood of damage through excessive handling, Jevic provides a cost-efficient alternative. In addition, Jevic's time-definite service guarantees the delivery of products by a specific time (24 x 7), whether the delivery falls within the business day or not. For chemical and related sectors, freeze protection is very important for product integrity. Approximately 50% of Jevic's trailers are heated and all of Jevic's drivers are qualified to transport hazardous materials. Jason H. Neimark, Managing Director, Sun Capital Partners, Inc., stated, "We are excited about our investment in Jevic Transportation and look forward to working with its management team and dedicated employees in their continued efforts to support their loyal customers." Dave Gorman, President and CEO of Jevic Transportation, Inc., added, "In the past, our team has been passionately focused on our business as part of a very fine larger corporation. We believe that by operating as a stand-alone company, together with the world-class operating and financial expertise of Sun Capital Partners, Inc., we will be well positioned to capitalize fully on a wide range of new growth opportunities. "Today, I am proud and heartened to say, 'Jevic is a privately-held company focused solely on the needs of our customers. We are truly excited about our future and the opportunities in front of us.' " About Jevic Transportation, Inc. Jevic Transportation, Inc. is a less-than-truckload transportation services provider that has carved a distinctive position in the marketplace due to its exclusive Breakbulk-Free(R) operating model. Jevic provides an appealing alternative to the major LTL carriers and is superior to most niche carriers in size and scale. Jevic provides product depth and customization with services such as The Heat Fleet(R); Jevic 100% Guaranteed Service(R); Partial Trailer Load Service, and multi-regional and national capabilities in one system. In addition, without the multiple handling associated with other traditional Breakbulk or "hub-and-spoke" carriers, Jevic provides an industry leading, low claim ratio, creating more efficiencies in its customers' supply chain. About SCS Transportation, Inc. SCS Transportation, Inc. is a holding company. Its principal asset is Saia, a multi-region LTL carrier based in Duluth, Ga. with approximately 7,100 employees nationwide. Saia focuses on regional and interregional less-than- truckload and selected truckload and time-definite services. For more information, please visit the Company's websites: http://www.scstransportation.com/ and http://www.saia.com/ . About Sun Capital Partners, Inc. Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in and managed more than 120 companies worldwide with combined sales in excess of $30.0 billion since Sun Capital's inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles, New York, London, and Shenzhen. DATASOURCE: Sun Capital Partners, Inc. CONTACT: Aaron P. Wolfe, Vice President, Sun Capital Partners, Inc., +1-561-394-0550 Web site: http://www.suncappart.com/ http://www.scstransportation.com/ http://www.saia.com/

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