Fuel Smarts

Mergers & Acquisitions

1  -  12  of  12

November 11, 2015 - Industry News

Worthington Expands CNG Offering with Acquisition

Photo: Worthington Industries

The Worthington Industries Pressure Cylinders segment has acquired assets from Trilogy Engineered Systems, a manufacturer of CNG fuel system components for the commercial truck market.

Tags: Alternative Fuels, Mergers & Acquisitions, CNG, Worthington Industries

October 19, 2015 - Press Release

WEX to Acquire Fuel Card Provider

WEX Inc. is moving to acquire Electronic Funds Source LLC (EFS) for $1.1 billion and 4 million shares of common stock that will be issued to investment funds affiliated with Warburg Pincus, EFS’ current owner.

Tags: WEX, Fuel Cards, Mergers & Acquisitions

September 1, 2015 - Industry News

Westport to Merge With Fuel Systems Solutions

Westport Innovations and Fuel Systems Solutions have entered into a merger agreement to create a new alternative fuel vehicle and engine company.

Tags: Fuel Systems Solutions Inc., Mergers & Acquisitions, Westport Innovations

August 21, 2015 - Industry News

REG Acquires Wash. Biodiesel Refinery

Photo courtesy of Renewable Energy Group.

Biodiesel producer Renewable Energy Group (REG) has completed its acquisition of substantially all the assets of Imperium Renewables, Inc., including the 100-million gallon nameplate biodiesel refinery and terminal at the Port of Grays Harbor, Wash., the company announced.

Tags: Biodiesel, Washington, Renewable Energy Group, Biofuels, Mergers & Acquisitions

February 12, 2015 - Industry News

Stemco Buys ATDynamics, Integrates Product Lines

A trailer with an ATDynamics TrailerTail. Photo via ATDynmaics.

ATD's trailer aero devices will complement Stemco's tire-inflation products, executives say.

Tags: ATDynamics, Stemco, Mergers & Acquisitions, Wheel Ends, Aerodynamics

December 8, 2014 - Industry News

Pilot Logistics Services Merges with Thomas Petroleum

Pilot Logistics Services and Thomas Petroleum completed a merger which will combine both companies into Pilot Thomas Logistics. The merged company will be headquartered in Fort Worth, Texas.

Tags: Lubricants, Fuel and Oil, Mergers & Acquisitions

August 13, 2014 - Industry News

FleetCor Purchasing Comdata for Nearly $3.5 Billion

FleetCor Technologies, a provider of fuel cards and workforce payment services, has signed an agreement to purchase electronic payment services provider Comdata for $3.45 billion.

Tags: Comdata, Fleet Card, FleetCor Technologies, Mergers & Acquisitions

May 28, 2014 - Industry News

Marathon’s Speedway Purchasing Hess for Nearly $2.9 Billion

Hess is the largest operator of convenience stores along the East Coast and the fifth largest in the U.S. by number of company-operated sites with 1,256 stores located in 16 states. Speedway is the nation's fourth-largest convenience store chain by number of company-owned and operated sites, with approximately 1,480 stores located in nine states.

Tags: Gasoline, Hess Corporation, Truckstops, Diesel Fuel, Mergers & Acquisitions

April 17, 2014 - Industry News

Private Equity Firm Purchasing EFS

The private equity firm Warburg Pincus had reached an agreement to acquire the fuel card and fleets payment services provider Electronic Funds Source.

Tags: Fuel Management, Mergers & Acquisitions, EFS

April 6, 2014 - Industry News

Diesel Direct Expands Mobile Fueling Services in Northeast

Diesel Direct, a mobile refueling company headquartered in Massachusetts, recently made an acquisition of mobile refueling assets from New-York-based HOP Energy.

Tags: Diesel, Fuel Management, Mergers & Acquisitions

November 17, 2013 - Industry News

TravelCenters of America Agrees to Purchase 31 Gas Stations for $67 Million

Travel Centers of America LLC has agreed to acquire 31 convenience stores with retail gasoline stations for $67 million, before closing costs and customary working capital adjustments. The seller is a private company which operates these stores under its proprietary brand name Minit Mart.

Tags: Expansion, Mergers & Acquisitions, Travel Centers of America

August 22, 2013 - Industry News

Smith Electric to Form Joint Venture in Taiwan

Smith Electric Vehicles has signed a letter of intent to form a joint venture with Taikang Technology Corp. in Taiwan. Taikang Technology, a commercial vehicle manufacturer in Taiwan, has twenty-five years of automotive experience and has expertise in upfitting specialized municipal commercial vehicles.

Tags: Smith Electric Vehicles, Mergers & Acquisitions, EVs, Alternative Fuels & Hybrids, Global



We offer e-newsletters that deliver targeted news and information for the entire fleet industry.



The expert, Mark Betner from CITGO, will answer your questions

View All



The expert, Rence Oliphant from Hendrickson, will answer your questions

View All