Fleet Management

Mergers & Acquisitions

1  -  25  of  160

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, 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: Verizon, Fleetmatics, Mergers & Acquisitions

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

July 6, 2016 - Industry News

Innova Acquires Telematics Provider

Innova Electronics Corporation has acquired Aftermarket Telematics Technologies, LLC and will now be able to offer a full suite of aftermarket parts and services.

Tags: Mergers & Acquisitions, Innova Electronics

June 23, 2016 - Industry News

Verizon-Telogis Deal Creates Top Telematics Unit

Verizon's acquisition of Telogis would create the second-largest telematics company in the U.S. in a deal that brings together complementary businesses, a leading telematics consultant said.

Tags: Verizon, Telogis, LeasePlan, Mergers & Acquisitions

June 22, 2016 - Industry News

Verizon Acquires Telogis

Photo courtesy of Telogis.

Verizon has acquired California-based Telogis to expand its market share in the growing telematics industry, the telecom giant announced.

Tags: Verizon, Telogis, Mergers & Acquisitions

June 15, 2016 - Industry News

Mergers, Acquisitions Dominate 3PL Market

Big mergers and acquisitions deals changed the third-party logistics market in 2016, with XPO Logistics leading the way with $100 million worth of deals.

Tags: Amazon.com, Trend Analysis, 3PL, Logistics, Mergers & Acquisitions, XPO Logistics

June 2, 2016 - Industry News

Schneider Bolsters Delivery Services Through Acquisitions

Schneider has announced the simultaneous acquisitions of Watkins & Shepard and Lodeso, bringing final mile delivery, claims-free handling and a new technology platform to the carrier.

Tags: Schneider, Mergers & Acquisitions, Last Mile Delivery

May 27, 2016 - Industry News

Moving Services Provider Expands Pacific Northwest Footprint

Photo: Bekins

Moving services provider Bekins Northwest has acquired the assets of moving and storage company Clancy’s Transfer & Storage.

Tags: Washington, Mergers & Acquisitions, Moving and Storage Fleet

March 14, 2016 - Industry News

Logistics Company Buys Coastal Pacific Xpress

Canadian supply chain solutions company VersaCold Logistics Services has agreed to acquire Coastal Pacific Xpress, a large refrigerated carrier based in British Columbia.

Tags: Canada, LTL, Logistics, Mergers & Acquisitions, Truckload

February 18, 2016 - Industry News

Lytx to Be Acquired for $500 Million

The Lytx ActiveVision is one of HDT's Top 20 Products of 2016. Photo: Lytx

Video telematics company Lytx has signed an agreement to be acquired by Chicago-based private equity firm GTCR.

Tags: Mergers & Acquisitions, Lytx, Truck Driver Safety

January 19, 2016 - Industry News

Union Leasing Acquires Walser Leasing and Fleet Services

The sale did not include Walser Specialized Services, which provides acquisition services to car rental companies and commercial fleets.

Tags: Union Leasing, Fleet Management Companies, Mergers & Acquisitions, Walser Automotive Group

January 7, 2016 - Industry News

Logistics M+A Boom Echoes into New Year

Image via Eyefortransport

A new report reveals that nearly 48% of shippers regard M+A activity in logistics as a positive and just over 39% embrace the M+A frenzy because they prefer full-service logistics providers that offer a wider geographical reach.

Tags: Logistics, Mergers & Acquisitions

December 23, 2015 - Industry News

Element Financial Closes $4.8B in Funding

File logo

Toronto-based Element Financial Corp. has closed $4.8 billion in rated asset-backed security funding that will fuel the company's aggressive move into the U.S. fleet management business.

Tags: Mergers & Acquisitions, Equity Markets, Element Financial

October 21, 2015 - Industry News

SMC³ Buys Cost-Modeling Software Company

Data solutions provider SMC³ has acquired Maryland-based fleet management software companyTransportation Costing Group.

Tags: Software, Mergers & Acquisitions, Truckload, Big Data, Less Than Truckload

October 14, 2015 - Industry News

Element Further Explains Growth Trajectory

File logo

Element Financial Corp. has provided additional details about strategy for growing its fleet management business with acquisitions, technology investment, and an agreement for additional rail capacity.

Tags: Fleet Services, Information Technology, Mergers & Acquisitions, Element Financial, Element Fleet Management, Fleet Management Companies

October 8, 2015 - Industry News

Freight Slowdown Will Drive More Mergers & Acquisitions

Trucking companies are bracing for a slowdown in their business, with many looking to mergers and acquisitions for growth instead, according to reports this week in The Wall Street Journal.

Tags: Mergers & Acquisitions, Freight Rates

October 1, 2015 - Industry News

Celadon Gains Truckload Van Assets in an Acquisition

Photo via Tango Transport

One of Celadon Groups subsidiaries has purchased select assets of the truckload business of Tango Transport, a Louisiana-based carrier.

Tags: Celadon, Mergers & Acquisitions, Truckload

September 9, 2015 - Industry News

XPO Logistics to Buy Con-way in $3 Billion Deal

XPO Logistics announced late Wednesday that it is buying Con-way Inc. in a $3 billion deal that will make XPO the second largest LTL provider in North America and expand its global contract logistics platform.

Tags: 3PL, LTL, Mergers & Acquisitions, Con-way Inc., XPO Logistics

August 31, 2015 - Industry News

Element Financial Closes Acquisition of GE's Fleet Unit

Element Financial Corp. has closed its acquisition of GE Capital's U.S. fleet business and will now turn its attention toward integrating the two entities, the Toronto-based company announced Aug. 31.

Tags: GE Capital Fleet Services, Mergers & Acquisitions, Element Financial, Element Fleet Management

August 10, 2015 - Industry News

Hornady Transportation Merges with Daseke

Hornady Transportation's fleet of 230 late-model tractors and 325 flatbed trailers run east of the Rocky Mountains from the company's terminal in Birmingham.

Hornady Transportation of Monroeville, Ala., is the latest flatdeck carrier to join forces with Daseke Inc., an Addison, Texas, company that has over the past several years built up what it says is the largest company-owned fleet of flatbed, open-deck and specialty trucking capacity in North America.

Tags: Flatbeds, Mergers & Acquisitions, Daseke Inc., Hornady Transportation



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