SMG Industries Inc. Announces Senior Management Team Additions and Changes
September 08, 2021 at 12:07 am IST
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SMG Industries Inc. reported the hiring of experienced leaders, including a Chief Transition Officer, Corporate Controller and the expanded role for the President of 5J Transportation Group. Effective immediately, Mr. Steven H. Madden has assumed the role of Chief Transition Officer. In this interim capacity, Mr. Madden will advise concerning managerial transition and will also advise the company’s Board of Directors. Mr. Madden has assembled and grown a portfolio of companies over the past 30 years. As a Chairman and CEO, Mr. Madden and his management teams have globally built, acquired, merged, and sold businesses, real estate and investments in and around the industrial, automotive, aerospace and energy industries. His experience and expertise include manufacturing, engineering, distribution, service companies, transportation, and top-grading management teams. Mr. Jimmy Frye, President of the Company’s 5J Transportation Group, has taken on additional operational responsibility for 5J’s brokerage and commodity freight services as well having over 40 years of transportation and trucking experience behind his management of the entire 5J group. Mr. Jason Gassman, CPA has been hired as the Company’s Corporate Controller. Mr. Gassman, a Certified Public Accountant, brings to the Company 10 years of finance and accounting management experience in the fields of transportation and logistics. Mr. Gassman graduated with a Bachelor of Science from the University of West Florida.
SMG Industries Inc. is a transportation services company, which is focused on the domestic logistics market. The Company's primary business objective is to grow its operations and create value for its stockholders through organic growth and strategic acquisitions. Its operating subsidiaries include 5J Trucking LLC, 5J Oilfield Services LLC, 5J Specialized LLC, 5J Transportation LLC and 5J Logistics Services LLC. The Companyâs provides a range of services in transportation, such as transporting infrastructure components, including bridge beams and power generation transformers; transporting wind energy components; heavy haul of production equipment, heat exchangers, coolers, construction equipment, refinery components; super heavy haul over-dimensional permit-required loads up to 500 thousand pounds for engineered projects; transportation of natural gas compressors; flatbed freight; drilling rig relocation for drilling contractors and oil and gas operators; and freight brokerage.