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Montgomery Transport Placed Into Receivership: Founder Issues First-Person Account
Founder Rollins Montgomery attributes receivership to private equity's operational changes, financial control issues, and workforce instability after the 2022 sale.
- On Feb. 6, 2026, Rollins Montgomery, founder and former chief executive officer, released a first-person account linking private equity ownership to Montgomery Transport's receivership.
- Founded in 2011, Montgomery Transport was led by Montgomery for over a decade before its 2022 sale, and his statement traces the circumstances before the October 2025 shutdown.
- Montgomery details how operational decision-making, financial controls and workforce stability shifted after ownership changed, saying 'This account is intended to honor the people who built Montgomery Transport and to clarify the record.'
- Montgomery emphasized the distinction between receivership and bankruptcy, stating Montgomery Transport has not filed for bankruptcy since entering receivership in late October 2025.
- Looking ahead, Montgomery said, 'This account is intended to honor the people who built Montgomery Transport and to clarify the record,' reaffirming his commitment to industry values.
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Coverage Details
Total News Sources52
Leaning Left6Leaning Right7Center20Last UpdatedBias Distribution61% Center
Bias Distribution
- 61% of the sources are Center
61% Center
L 18%
C 61%
R 21%
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