Fleet Management

Mergers & Acquisitions

1  -  25  of  178

June 14, 2017 - Industry News

Penske Truck Leasing to Acquire Old Dominion Truck Leasing

Penske expects its deal to acquire Old Dominion Truck Leasing to close in July of this year. Photo: Penske

When completed, the deal will add approximately 1,400 tractors, trucks, and trailers to Penske's fleet.

Tags: Leasing, Penske Truck Leasing, Mergers & Acquisitions, Old Dominion Freight Line

June 14, 2017 - Industry News

Michelin Moves into Telematics with NexTraq Acquisition

Michelin's acquisition of NexTraq will enhance the company's solutions for driver safety, fuel management and enhancing fleet productivity. Photo: Michelin

Michelin has announced its pending acquisition of NexTraq, an Atlanta-based provider of commercial fleet communications systems.

Tags: FleetCor Technologies, Michelin Americas Truck Tires, NexTraq, Mergers & Acquisitions

June 12, 2017 - Industry News

Orbcomm Buys Fleet Management Software Provider Inthinc

Orbcomm has acquired the assets of Salt Lake City-based Inthinc, a fleet management and driver safety solutions provider.

Tags: inthinc, Mergers & Acquisitions, ORBCOMM

May 12, 2017 - Industry News

PwC: Global M&A Activity Stayed Stable in First Quarter

Photo: Evan Lockridge

In its Q1 2017 update on M&A activity in the global transportation and logistics space, PricewaterhouseCoopers reports that deal activity in the quarter remained stable.

Tags: Global, Mergers & Acquisitions

May 4, 2017 - Industry News

FTC Greenlights Knight-Swift Merger

Photo: Evan Lockridge

The mega-merger of Knight Transportation and Swift Transportation has moved a step closer to completion with the Federal Trade Commission granting its approval.

Tags: Mergers & Acquisitions, Swift Transportation, Knight Transportation, Knight-Swift

May 1, 2017 - Industry News

Two Flatbed Carriers Merge With Daseke

Photo: The Schilli Companies

Two open deck specialized transportation companies, The Schilli Companies and Big Freight Systems, have merged with Daseke, which says it's the largest owner of open deck equipment in North America.

Tags: Flatbeds, Mergers & Acquisitions, Daseke Inc., Canada

April 10, 2017 - Industry News

Swift-Knight Merger to Create Truckload Giant

Photo: Evan Lockridge

Swift Transportation Co. and Knight Transportation Inc. announced on April 10 that they will merge via a stock swap to form a new company, Knight-Swift Transportation. The two Phoenix, Arizona-based carriers say the new company will be the truckload industry's largest.

Tags: Mergers & Acquisitions, Swift Transportation, Knight Transportation, Truckload

February 28, 2017 - Industry News

Daseke Goes Public via Merger with Hennessy Capital Acquisition

Cargo-securement training at WTI, one of the open-deck carriers in the Daseke family of companies. Photo: Daseke Inc.

Flatbed fleet operator Daseke Inc. became a public company on Feb. 27 by completing its previously announced merger with Hennessy Capital Acquisition Corp. II. The deal included HCAC changing its name to Daseke, Inc.

Tags: Mergers & Acquisitions, Daseke Inc.

February 23, 2017 - Industry News

Central Freight Lines to Buy Virginia-Based Wilson Trucking

Photo: Central Freight Lines

Central Freight Lines has signed a letter of intent to buy certain assets of Virginia-based Wilson Trucking, a 91-year-old less-than-truckload carrier with 29 terminals in the Southeast.

Tags: LTL, Central Freight Lines, Mergers & Acquisitions

January 5, 2017 - Industry News

Element Purchases The CEI Group

Smolda

Element Fleet Management Corp. has purchased fleet safety and accident management provider The CEI Group, the company announced.

Tags: Element Fleet Management, CEI Group, Mergers & Acquisitions

January 4, 2017 - Industry News

NFI Acquires Canadian 3PL Dominion Warehousing & Distribution

Supply chain service provider NFI has acquired Dominion Warehousing & Distribution, a Canadian third-party logistics firm, to expand its service offering in that country.

Tags: Canada, 3PL, NFI, Mergers & Acquisitions

December 27, 2016 - Industry News

Daseke Agrees to Merger Worth $626 million

Daseke, a flatbed, open-deck and specialty trucking company, has agreed to a $626 million merger agreement with Hennessy Capital Acquisition Corp., which will make it a publicly traded company.

Tags: Mergers & Acquisitions, Flatbed, Daseke Inc.

December 22, 2016 - Industry News

Private Equity Firm Buys Utah-Based Refrigerated Carriers

KJM Capital, an Orlando, Fla.-based private equity firm, has acquired refrigerated carriers Interide Transport and Blue Sky Logistics in separate transactions.

Tags: Mergers & Acquisitions, Food and Beverage Fleets, Refrigerated Trailers

December 16, 2016 - Industry News

Maverick USA Acquires Michigan-Based Marine Transport

Photo via Marine Transport

Maverick USA has announced the acquisition of the Au Gres, Mich.-based Marine Transport, expanding the company’s dedicated service offerings and service footprint in the boat and marine business.

Tags: Maverick, Mergers & Acquisitions, Dedicated Fleets, Boats

November 7, 2016 - Industry News

Verizon-Fleetmatics Deal Finalized

Logos via Verizon and Fleetmatics.

Verizon Communications has completed its $2.4 billion acquisition of Fleetmatics Group to become the largest provider of telematics systems for commercial fleets, the company has announced.

Tags: Fleetmatics, Mergers & Acquisitions, Verizon Networkfleet, Telogis

October 28, 2016 - Industry News

CFI Name Returns With TransForce Acquisition

The year before its acquisition by Con-way, CFI chairman and CEO Glenn Brown posed with the company’s original Kenworth T600 (right) and a 2006 version, celebrating the "Anteater's" 20th anniversary. Photo courtesy Kenworth

Longtime employees of TransForce’s new acquisition in Joplin, Mo., are proudly digging out their old CFI shirts, as the company founded in 1951 as Contract Freighters Inc. goes back to its roots and its name under its new ownership.

Tags: Mergers & Acquisitions, TransForce, XPO Logistics, CFI

October 27, 2016 - Industry News

XPO Logistics Sells Truckload Operations to TransForce

Photo: XPO

XPO Logistics Inc. (NYSE: XPO) announced Thursday that it has sold its truckload business to Canada's growing trucking concern TransForce Inc. (TSX: TFI) for approximately $558 million in cash.

Tags: Con-way Truckload, Mergers & Acquisitions, TransForce, XPO Logistics

October 27, 2016 - Industry News

Sunteck and TTS Merger Forms $1 Billion Multimodal Company

Third-party transportation and logistics providers Sunteck Transport Group and TTS Holdings have merged to create a single $1 billion dollar company.

Tags: 3PL, Mergers & Acquisitions, Multimodal

October 4, 2016 - Industry News

Continental Buys A Majority Stake in Zonar

Illustration courtesy of Continental

The Continental Corporation has acquired a majority stake in Zonar Systems, a company specializing in fleet management solutions for commercial vehicles.

Tags: Telematics, Continental, Zonar, Mergers & Acquisitions

September 16, 2016 - Industry News

Southern Pines and Byers Trucking Combine Operations

(Left to Right) Pat Gallagher, David Byers and George Byers. Photo courtesy of Southern Pines

WL Byers and Southern Pines announced that the two trucking companies will combine in an equal partnership under the Southern Pines name offering services in the U.S., Canada and Mexico.

Tags: Hazardous Materials, Heavy Haul, Mergers & Acquisitions, Oversize Loads

September 12, 2016 - Industry News

CRST Buys Gardner Trucking In Company’s Largest Acquisition

CRST International has purchased the privately held, Calif.-based Gardner Trucking in the largest acquisition in CRST’s history.

Tags: Mergers & Acquisitions, CRST, Truckload

August 5, 2016 - Industry News

Kottke Trucking Buys Florida-Based OTR Business

Photo: Kottke Trucking

Kottke Trucking has purchased Walbon & Company’s over-the-road operations, including Walbon’s routes, trucks, trailers and Wildwood, Fla.- based terminal.

Tags: Mergers & Acquisitions, Kottke Trucking, Over-the-Road

August 2, 2016 - Industry News

Verizon-Fleetmatics Deal Makes Telematics Giant

Logos via Verizon and Fleetmatics.

Verizon will control about 25% of the telematics market following its planned acquisitions of Fleetmatics and Telogis in moves that indicate steady growth ahead for fleet telematics use, a market expert said.

Tags: Verizon Networkfleet, Fleetmatics, Mergers & Acquisitions

August 1, 2016 - Industry News

Verizon to Acquire Fleetmatics

Logos courtesy of Fleetmatics and Verizon.

Verizon Communications will acquire leading telematics provider Fleetmatics Group for $2.4 billion in a cash deal that will create a powerhouse telematics provider.

Tags: Fleetmatics, Mergers & Acquisitions, Verizon Networkfleet

July 25, 2016 - Industry News

Omni Holdings Buys Flatbed Assets of Tennant Truck Lines

Photo: Omni Specialized

Omni Holdings’ offshoot Omni Specialized will be in full operation after it acquired the flatbed assets of Tennant Truck Lines, the company announced.

Tags: Flatbeds, Mergers & Acquisitions, Tennant Truck Lines

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