PLYMOUTH, and PEMBROKE, MA - Plymouth & Brockton Street Railway Company (www.p-b.com), under new ownership since 2019, recently announced that Winthrop Sargent, of Pembroke and Mattapoisett, will serve as the company’s Chairman and Chief Executive Officer.
Sargent and his two business partners acquired the iconic transportation company from the Anzuoni family of Plymouth, who had held ownership of the line for 70 of its 130 plus years. Sargent joins John Cogliano of Foxboro, Massachusetts and Paul Fuerst as owners of the new firm.
Sargent, who is the principal of Winthrop Capital Advisors, brings strong financial credentials to the role he plays at Plymouth & Brockton. He has more than thirty years experience in project finance, including commercial lending, serving as an interim CFO consultant, and has been an M&A advisor as well as a “turn around” agent for different businesses.
Sargent, who holds a Bachelor’s Degree from Ithaca College, has worked with many entrepreneurial companies during his career, including an internationally recognized nonprofit, a wind turbine project, and a food processing company, among numerous others.. He is the former owner of a UL-listed consumer products company, and has served as Interim CFO for a number of consulting firms. He serves on the South Shore Economic Development Corporation and is a former member of the Board of Directors of the South Shore Chamber of Commerce as well as a former Executive Committee member.
“I am looking forward to continuing the work we have started with John and Paul as we continue the process of building upon the good work done by the previous owners of Plymouth & Brockton,” Sargent said. “This independent business has served the South Shore, Cape Cod, and Greater Boston area since 1888 and we know what a key role it plays in our region’s transportation.”
Until its recent acquisition, the transportation company was under the ownership of the Anzuoni family since 1948; key members of the Anzuoni family will remain with the firm in leadership roles, as will the company’s present roster of more than 100 employees.
Sargent is the majority shareholder in the company and serves as Plymouth & Brockton’s Chairman/CEO. John Cogliano, the former Massachusetts Secretary of Transportation, serves as President; and Paul Fuerst, of Fuerst & Associates, P.C., a CPA tax advisory firm with offices in Norwood and Boston, MA. will serve as Chief Financial Officer (CFO).
The acquisition also includes two other companies previously under the ownership of the Anzuoni family: Brush Hill Transportation, located in Randolph; and McGinn Bus Company of Lynn, MA.
About Plymouth & Brockton Street Railway Company
Plymouth & Brockton Street Railway Company and its sister companies, Brush Hill Transportation and McGInn Bus Company is now under the ownership of Winthrop Sargent, John Cogliano and Paul Fuerst. The three businessmen purchased the company in July 2019 from the Anzuoni family of Plymouth.
The Anzuoni family purchased Plymouth & Brockton Street Railway Company in 1948, two decades after P&B had converted from rail to bus transportation. Under their ownership, the company grew to provide expanded transportation service to and from Cape Cod and across the South Shore, express service to Logan Airport and the re-introduction of trolley service in Plymouth.
In the years following the purchase of P&B, the family acquired the Brush Hill Transportation Company of Boston, McGinn Bus Company of Lynn and the North Shore Bus Company of Revere. The family was honored by transportation industry publication Metro Magazine in 1987 as having the 27th largest family owned bus company in the nation. The company traces its roots to 1888, when it was first named The Plymouth & Kingston Street Railway. In 1928 the electric trolleys ceased operation and were replaced by Mack buses. Today, Plymouth & Brockton operates an extensive commuter service to Boston, including frequent trips to and from Logan Airport, as well as transportation service from Plymouth to the Cape and to Boston. Additionally, Plymouth & Brockton operates the PAL and SAIL local transit services for GATRA. Plymouth & Brockton has more than 100 employees, and a fleet of modern motorcoaches, transit vehicles and trolleys, with terminal facilities in Hyannis and South Station, as well as company headquarters at 8 Industrial Park Road, Plymouth, MA. Motorcoaches and trolleys are also available for charter. For additional information, please visit www.p-b.com or call 508-746-0378.