News

Newman Properties, Inc., a leading petroleum supply, maintenance, and real estate company, has successfully completed an asset-only acquisition of Saxton Sign Corp, a well-established provider of custom signage solutions. This acquisition will expand signage service, fabrication and installation to New York, Pennsylvania, Massachusetts and Connecticut.

Newman Properties is comprised of NOCO Dealer, LLC; NOCO Property Management, LLC; Empire Petroleum Services, LLC and Sturdevant Signs. The transaction marks a significant expansion of Newman Properties' growing portfolio of Signage, Fuel Distribution, and Fuel Maintenance companies. 

Saxton Sign Corp, a privately held business with a strong reputation in the signage sector, has been providing innovative signage products, services and solutions to clients across a range of industries for over 90 years. Based outside of Albany, NY in Castleton-On-Hudson, Saxton Sign Corp also services Rochester, Syracuse and surrounding areas of NY.

 With this acquisition, Newman Properties gains access to Saxton’s valuable intellectual property, equipment, and operational assets, while maintaining the brand’s established market presence and commitment to high-quality craftsmanship. The Saxton Sign team of 35 employees will join the Newman Properties organization which will provide additional growth opportunities.

"We are excited to welcome Saxton Signs to the Newman Properties family. This acquisition aligns with our strategy of investing in assets with strong growth potential and complements our ongoing efforts to diversify our holdings," said Michael Newman, CEO of Newman Properties, Inc. "Saxton Signs has built a remarkable reputation for delivering custom signage solutions, and we look forward to supporting the company's continued success and expansion."

The transaction will be finalized on January 1, 2025, and will enable Saxton Sign Corp to enhance its operational capabilities and continue providing its clients with exceptional products and services. The existing leadership team at Saxton Signs will remain in place to ensure a seamless transition and ongoing service excellence. Scott Robinson, President & General Manager of Empire Petroleum Services, will manage the Saxton Sign division.

 

"We are excited to join forces with Newman Properties," said George Shannon, President of Saxton Sign Corp. "This partnership provides us with the resources and support needed to continue growing our business and serving our customers with the highest level of quality and innovation. We remain committed to maintaining the values that have made Saxton Signs a leader in the industry."

For more information about Newman Properties and our comprehensive solutions, visit www.newcowny.com. Additional information on Saxton Sign Corp can be found at www.saxtonsign.com

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