
Allegiance Trucks announced the acquisition of HFI Truck Center in Mountainside, N.J.
"This acquisition marks a significant milestone in our growth strategy and expands our ability to deliver the exceptional service and solutions our customers expect," says Mike Bozzoli, the new CEO of Allegiance Trucks. "We are thrilled to strengthen both our Isuzu presence and our foothold in New Jersey and the Greater New York City metro area, a key market for the transportation industry. By extending our footprint, we continue to build on our reputation as a trusted partner, offering top-tier truck sales, service and parts to businesses across the region."
The new location, an Isuzu dealership with around 20 employees, will offer all-makes trucks, parts, service and sales.
Allegiance Trucks is an authorized dealer for International, Isuzu, Pierce and Wabash, along with other national brands. It serves the northeastern United States with 39 locations in nine states.
Performance Brokerage Service supported HFI during the transaction.
Kerry Webb, president of HFI Truck Center, states, "My family and I had the opportunity to meet Dan Argiro with Performance Brokerage Services during a previous acquisition he was representing. Dan sat down with our family and walked us through the opportunity from a buying perspective; that was years before we decided to sell our dealership. Dan always says that 'life happens.' When we were ready, which was never when we expected it, we called Dan to explore the idea of a sale and what that would look like for our family, our business, and our employees.
"After talking things over, we decided to hire Dan and his team to represent us in the market. There were a lot of challenges along the way, including a shift in the economy and an administration change in our nation's capital. Through it all, Dan and his team were there for us — countless calls, meetings, and constant communication. We are excited for the Allegiance team to continue the legacy of our dealership. My wife and I are looking forward to retirement and spending time with our family and grandchildren. This transaction would not have been possible without the relentless efforts and persistence of Dan Argiro and his team at Performance Brokerage Services."