Fleet Management

Mergers & Acquisitions

1  -  25  of  189

October 9, 2017 - Industry News

Freight Brokers International to Acquire Consolidated Carriers

Photo via The FBI Group Facebook page

Freight Brokers International Corp., the FBI Group, announced an agreement to acquire Consolidated Carriers, a non-asset based freight broker in Markham, Ontario, Canada.

Tags: Logistics, Mergers & Acquisitions, Freight Brokers

October 3, 2017 - Industry News

Buffet’s Berkshire Hathaway Buys Large Stake in Pilot Flying J

Photo: Pilot Flying J

Warren Buffet’s holding company Berkshire Hathaway has made a significant minority investment in truckstop chain Pilot Flying J, with plans to become the majority stakeholder by 2023, the companies announced.

Tags: Investment, Truckstops, Pilot Flying J, Mergers & Acquisitions

October 2, 2017 - Industry News

NFI Acquires CalCartage, Increases Supply Chain Capabilities

With CalCartage’s expertise, NFI can provide heightened specialization in the retail, e-commerce, footwear, and apparel sectors.

Tags: NFI, Ports, Mergers & Acquisitions, Supply Chain Solution, Drayage, CalCartage

October 2, 2017 - Industry News

Orbcomm Acquires Blue Tree Systems

Orbcomm has acquired transportation management systems provider Blue Tree Systems Limited and its subsidiaries.

Tags: TMS, Blue Tree Systems, Mergers & Acquisitions, ORBCOMM, Telematics

September 18, 2017 - Industry News

Celadon Sells Off Flatbed Division to PS Logistics

Photo: Celadon

Celadon Group has announced that it completed the disposition of all assets associated with its flatbed trucking division to a subsidiary of PS Logistics, a flatbed-focused transportation and logistics provider.

Tags: Celadon Group, Flatbeds, Mergers & Acquisitions, PS Logistics

September 13, 2017 - Industry News

Trimble Acquires 10-4 Systems

Image via 10-4 Systems

Trimble has announced it has acquired privately held 10-4 Systems, a provider of multimodal shipment visibility solutions for shippers and transportation companies.

Tags: Trimble, Intermodal, Shippers, TMS, Asset Tracking, Mergers & Acquisitions

September 5, 2017 - Industry News

Carlyle Group Acquires United Road Vehicle Transporter

Photo of United Road transporter courtesy of Charlesbank.

Private equity investors The Carlyle Group have acquired United Road Services, a vehicle logistics company based in Romulus, Mich., from Charlesbank Capital Partners, the firm has announced.

Tags: Mergers & Acquisitions, Vehicle Logistics, United Road

September 5, 2017 - Industry News

Daseke Merges with Arms Transporter R&R Trucking

R&R Trucking transports specialty cargo requiring unique training and security clearances and is a leading specialized transporter of defense and commercial AA&E (arms, ammunitions and explosives) cargo. Photo: R&R Trucking

Daseke has announced a merger with R&R Trucking, a specialized transporter of defense and commercial arms, ammunitions, and explosives cargo – the fourth company addition for Daseke in the past four months.

Tags: Flatbeds, Mergers & Acquisitions, Daseke Inc.

August 9, 2017 - Industry News

Wabash National to Buy Truck Body Maker Supreme

Photo: Wabash National

Impact that rising tide of e-commerce shipping is having on the need for more “final mile” deliveries cited as driving factor behind acquisition.

Tags: Wabash National, Mergers & Acquisitions, Trailers, Truck Bodies

July 6, 2017 - Industry News

Heartland Express Acquires Interstate Distributor Co.

Interstate Distributor Co., was acquired by Heartland Express for around $113 million. Photo via Interstate Distributor Facebook page

Truckload carrier Heartland Express has acquired 100% of the outstanding stock of Tacoma, Washington-based Interstate Distributor Co. from Saltchuk Resources.

Tags: Mergers & Acquisitions, Heartland Express, Truckload, Interstate Distributor

July 5, 2017 - Industry News

Daseke Continues North American Expansion with Latest Merger

The Steelman Companies, which specializes in flatbed and heavy-haul freight, has joined the Daseke family of companies. Photo: Daseke

Daseke has announced a merger with The Steelman Companies, the third such deal in the past two months, continuing the company’s North American expansion.

Tags: Flatbeds, Heavy Haul, Mergers & Acquisitions, Daseke Inc.

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: Michelin, FleetCor Technologies, 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

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