TopNews

Mergers & Acquisitions

1  -  25  of  138

September 29, 2014 - Industry News

Meritor Sells Mascot Brand to Investor Group

Mascot transmission remanufacturing. File photo: Jim Park

Meritor has sold its Mascot operations in Canada and the United States to an entity that will operate under the name Mascot Industries LLC. All other Meritor brake and trailer axle remanufacturing operations, as well as Meritor's distribution business, are not affected by the sale and will continue to operate as usual.

Tags: Canada, Aftermarket Parts, Meritor, Remanufacturing, Mergers & Acquisitions

September 26, 2014 - Industry News

Summit Holdings Acquires Mississippi Dealerships

Summit Holdings has completed the acquisition of commercial truck and IC Bus dealership, Truck Center, Inc.

Tags: Mississippi, Truck Sales, Dealership, Mergers & Acquisitions

September 23, 2014 - Industry News

TruckPro Buys Florida Parts and Service Distributor

Photo via TruckPro.

TruckPro completed the purchase of Palm Beach Spring Company, an independent distributor of heavy-duty truck and trailer products and repair services.

Tags: Florida, Distributors, Mergers & Acquisitions, TruckPro, Parts and Service

September 15, 2014 - Industry News

Germany’s ZF Purchasing TRW Automotive

ZF Friedrichshafen of Germany is buying Michigan-based TRW Automotive Holdings, creating one of the world's largest companies in the vehicle supplier business.

Tags: TRW Automotive, Mergers & Acquisitions, Suppliers, ZF Friedrichshafen, Global

September 3, 2014 - Industry News

Central Freight Lines Expands LTL Service In Georgia

Central Freight lines has purchased the LTL assets of Georgia based company Drug Transport, Inc. expanding its business into the state.

Tags: Georgia, LTL, Central Freight Lines, Mergers & Acquisitions, Fleets

September 2, 2014 - Industry News

Omnitracs to Acquire XRS in $178 Million Deal

XRS allows users to operate the system on a wide variety of mobile devices, such as this Motorola smartphone.

Omnitracs, the original pioneer of tracking and communications in the trucking industry, announced it's buying XRS Corp., which led the industry in going to a mobile platform using the bring-your-own-device strategy.

Tags: Telematics, Information Technology, Vehicle Tracking, XRS, Smartphones, Mergers & Acquisitions, Omnitracs

August 26, 2014 - Industry News

USA Truck Minority Shareholder Calls for Changes, CEO Ouster

One of USA Truck’s minority investors and its manager are calling for changes within the trucking company, including selling off all or part of to ousting its current leader.

Tags: USA Truck, Mergers & Acquisitions, Fleets

August 20, 2014 - Industry News

McCarthy Tire Acquires Terry-Haggerty Tire

McCarthy Tire Service Co. Inc. purchased Terry-Haggerty Tire Co. from Jim and Tom Terry in a transaction that closed Aug. 11.

Tags: Tires, Retreads, New York, Bandag, Mergers & Acquisitions

August 18, 2014 - Industry News

P&S Transportation Parent Purchases Logistics Provider TA Services

The combined companies will go forward under the ownership of P&S Holdings and continue to operate under their respective, independent names, according to a news release.

Tags: Fleets, Mergers & Acquisitions

August 13, 2014 - Industry News

U.S. Xpress Purchasing More of Arnold Transportation

Tennessee-based U.S. Xpress, one of the largest privately owned fleets in the country, reportedly is purchasing Arnold’s Jacksonville, Fla., headquarters and at least one terminal.

Tags: Fleets, U.S. Xpress, Arnold Transportation, 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

August 11, 2014 - Industry News

FleetPride Acquires Republic Diesel Truck Parts and Service

Photo: FleetPride

FleetPride has acquired the Republic Diesel truck parts and service business, expanding the company’s presence in Indiana and Kentucky.

Tags: FleetPride, Mergers & Acquisitions, Service Center, Republic Diesel, Parts, Aftermarket

August 11, 2014 - Industry News

Roadrunner Transportation Purchasing Active Aero Group for $115 Million

Roadrunner Transportation Systems has entered into a definitive merger agreement to acquire Active Aero Group from the investment firm Platinum Equity.

Tags: Fleets, Roadrunner Transportation, Mergers & Acquisitions

August 6, 2014 - Industry News

Trucking Mergers, Acquisitions Forecast to Increase

The pace of transportation and logistics mergers and acquisitions accelerated during the second quarter of the year, as measured by both announced value and volume, according to a new report from accounting and consulting firm PricewaterhouseCoopers, but don’t expect records to be broken.

Tags: Research, Mergers & Acquisitions

July 31, 2014 - Industry News

Paccar: No Merger Talks with VW

In early July, a top Daimler Trucks official told reporters that fellow German company Volkswagen would make a bid to buy American truck maker Paccar. VW denied it the rumor at the time, and now Paccar has come out with a statement as well.

Tags: Paccar, Volkswagen, Navistar, Global, Mergers & Acquisitions

July 29, 2014 - Industry News

XPO Logistics Posts Smaller Loss, Purchases New Breed Logistics

XPO Logistics posted a smaller net loss in the second quarter of the year compared to a year ago, while announcing an acquisition along with the completion of an earlier purchase.

Tags: Fleets, Logistics, Mergers & Acquisitions, XPO Logistics

July 25, 2014 - Industry News

Canadian Trucking Giant TransForce Bids to Buy Rival Contrans

Canada’s largest trucking firm, TransForce, has offered to buy fellow top Canadian carrier Contrans for about CA$495 million in cash.

Tags: Canada, Fleets, Mergers & Acquisitions, TransForce

July 21, 2014 - Industry News

Roadrunner Purchases Indiana-Based Logistics Provider

Asset-light trucking and logistics provider, Roadrunner Transportation Systems, has acquired Integrated Services, ISI Logistics and ISI Logistics South for $13 million.

Tags: Fleets, Roadrunner Transportation, Mergers & Acquisitions

July 18, 2014 - Industry News

Werner Enterprises Investing in Chinese Carrier

Nebraska-based trucking and logistics company Werner Enterprises said Friday its Werner Global Logistics subsidiary has signed an agreement in principle to make an equity investment in Hercules Logistics, a logistics and asset-based transportation company headquartered in Shenzhen, China.

Tags: International, Werner Enterprises, Fleets, Mergers & Acquisitions

July 8, 2014 - Industry News

Lineage Logistics Acquires Two California Cold Storage Facilities

Lineage Logistics, Colton, Calif., a warehousing and logistics company, has acquired two cold storage facilities in Santa Cruz county California from Dreisbach Enterprises.

Tags: California, Fleets, Logistics, Mergers & Acquisitions

July 8, 2014 - Industry News

Element's PHH Arval Buy Doubles Fleet Portfolio

Element Financial Corp. has finalized its acquisition of PHH Arval for $1.4 billion, a transaction that doubles the size of its managed fleet assets, the Canadian firm has announced.

Tags: Canada, Element Financial, PHH Arval, Mergers & Acquisitions

July 7, 2014 - Industry News

Accellos, HighJump Software Announce Merger

Supply chain software companies Accellos, Colorado Springs, and HighJump, Minneapolis, announced July 7 that the two companies would merge operations, creating a company with 11,000 customers in 23 countries throughout North America, Europe and Asia.

Tags: Information Technology, Software, Mergers & Acquisitions, Accellos, HighJump Software

July 3, 2014 - Industry News

Rumors Say Volkswagen to Bid for Paccar; VW Denies it

Rumors have been around for a while that Volkswagen will try to buy a U.S. truck maker. Earlier rumors centered on International, but the latest is Paccar, with Reuters running a story Thursday about takeover plans and VW denying it.

Tags: Paccar, Volkswagen, Global, Mergers & Acquisitions

July 2, 2014 - Industry News

Stoughton Buys Barrett Trailers

Barrett has been a pioneer in the transportation of hogs.

STI Holdings, the parent company of Stoughton Trailers LLC, announced the acquisition of Barrett Trailers in Purcell, Okla.

Tags: Trailers, Mergers & Acquisitions, Stoughton Trailers

June 20, 2014 - Industry News

Premier Trailer Leasing Buys Trailer Fleet International

Premier Trailer Leasing earlier this month acquired certain assets of Trailer Fleet International, a provider of trailer rental and leasing services on the west coast, with nearly 3,000 trailers and locations in Los Angeles, Rancho Cucamonga, Portland and Seattle.

Tags: Trailers, Mergers & Acquisitions, Trailer Leasing

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