Plymouth & Brockton bus line to be sold - News - The Enterprise, Brockton, MA - Brockton, MA
Apr 2, 2019
Plymouth & Brockton bus line to be sold
Apr 2, 2019 at 8:05 AMApr 2, 2019 at 5:39 PM
South Shore entrepreneur Win Sargent will acquire the 131-year old firm and will serve as chairman and CEO. Members of the Anzuoni family will remain in management. PLYMOUTH — Plymouth & Brockton Street Railway Co., a transportation business serving the South Shore, Cape Cod and Boston area since 1888, will have a new owner later this month. Winthrop Sargent of Pembroke plans to buy the business from the Anzuoni family, which has owned it since 1948, in late April. The Department of Public Utilities will hold a hearing on the change of ownership on April 9. The acquisition will include two other Anzuoni companies, Brush Hill Transportation in Randolph and McGinn Bus Co. of Lynn. George Anzuoni and his brother Richard, who were the second generation of the family to lead the business, will serve on the advisory board. Plans call for all 100 employees to keep their jobs. Sargent, who is the founder and principal of Winthrop Capital, which provides financial and strategic solutions to a wide range of clients, will be the majority shareholder and will be chairman and CEO. He will have two partners: John Cogliano, former state transportation secretary and chairman and CEO of the Massachusetts Turnpike Authority, and Paul Fuerst, of Fuerst & Associates PC, a CPA tax advisory firm with offices in Norwood and Boston. The sale price was not disclosed. Sargent said in a press release announcing his plans that he expects to modernize the fleet of buses and other vehicles, and make technological upgrades and other improvements. Plymouth & Brockton was created in 1888 as the Plymouth & Kingston Street Railway. The company replaced its electric trolleys with buses in 1928. Based in Plymouth, the company provides bus service to Boston, southeastern Massachusetts and Cape Cod and trolley service in Plymouth. It has terminals in Hyannis and South Station.