TULSA, OKLA., June 19 /CNW/ - SemMaterials, L.P. announced today that it
acquired New Century Transportation, LLC. The company specializes in the
origination, development and management of design-build and public-private
partnership projects within the U.S. transportation industry.
Frank Panzer, SemMaterials president and chief operating officer, said,
"SemMaterials plans to combine project origination and development to create
design-build solutions tailored to meet customers' transportation and funding
needs for projects of all sizes."
New Century expands SemMaterials' consulting services, contract
negotiation and risk allocation capabilities, along with project management
expertise. The acquisition also provides SemMaterials an agreement that New
Century has in place with the City of Decatur (AL) for the development of the
Veterans Parkway project. The proposed 21-mile, four-lane greenfield toll
project would connect Alabama Route 20 to Interstate 65.
Panzer said, "SemMaterials is excited to add to our team the experience
and knowledge of the New Century employees. Their addition advances
SemMaterials' scope in the transportation arena."
SemMaterials, L.P., a subsidiary of SemGroup, L.P, is one of the largest
asphalt marketing companies in the United States and Mexico. The company
develops, produces, markets and stores a diverse line of asphalt cements,
modified asphalts, asphalt emulsions and innovative performance-based pavement
technologies. For more information, visit www.semmaterials.com.
SemGroup, L.P. is a privately held midstream company providing the energy
industry means to move products from the wellhead to the wholesale
marketplace. With operations in the United States, Canada, Mexico, Wales
(United Kingdom), Switzerland and Vietnam, SemGroup's business segments focus
on activities related to crude oil, refined petroleum products, natural gas,
natural gas liquids and asphalt. Based in Tulsa, Oklahoma, SemGroup has been
ranked in the top 10 of Forbes magazine's list of America's Largest Private
Companies for the past two years. For additional information, visit
For further information:
For further information: SemMaterials, L.P. Mickey Blizzard,
918-524-8351 Business Development Leader of Technology