Mergers & Acquisitions

1  -  25  of  212

November 17, 2015 - Industry News

TravelCenters Looks to Buy Bankrupt Quaker Steak & Lube

Photo: Quaker Steak & Lube

TravelCenters of America has agreed to acquire the Quaker Steak & Lube casual-dining chain for $25 million, in a move that will see some of its existing full-service restaurants converted to the brand as well as expanding the number of stand-alone restaurants.

Tags: TravelCenters of America, Truckstops, Mergers & Acquisitions

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

November 2, 2015 - Industry News

J.B. Poindexter & Co. to Acquire Reading Truck Body

J.B. Poindexter & Co., parent company of Morgan Olson, is buying Reading Truck Body, which makes service and other bodies

Tags: Reading Truck Body, Mergers & Acquisitions

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 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

October 14, 2015 - Industry News

Element Further Explains Growth Trajectory

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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 21, 2015 - Industry News

VHD Equipment Network to Merge With Power Heavy Duty

Vipar Heavy Duty has announced that its VHD Equipment Network of distributors will transition into the Power Heavy Duty network on Jan. 1, 2016.

Tags: Aftermarket Parts, Vipar Heavy Duty, Mergers & Acquisitions, Distribution

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

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 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 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

August 17, 2015 - Industry News

Wix Filters Parent Company Sold to German Company

Affinia Group, parent company of Wix Filters, is being sold to Mann+Hummel, a privately held global filtration company based in Germany.

Tags: Filters, Mergers & Acquisitions, Wix

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

August 5, 2015 - Industry News

Ports of Seattle and Tacoma Agree to Alliance

Photo via Northwest Seaport Alliance

The ports of Seattle and Tacoma voted Aug. 4 to formally launch the Northwest Seaport Alliance, which unifies the cargo operations of the two Northwest ports in a bid to attract more cargo to the region.

Tags: Ports, Mergers & Acquisitions, Port of Seattle, Port of Tacoma, Intermodal

July 31, 2015 - Industry News

UPS Buys Coyote Logistics For $1.8 Billion

UPS announced it's buying Coyote Logistics, a non-asset-based truckload freight brokerage company, giving it a major presence in the U.S. truckload brokerage market.

Tags: UPS, Logistics, Mergers & Acquisitions

July 28, 2015 - Industry News

Roadrunner Acquires Stagecoach For Cross-Border Services

Roadrunner Transportation Systems has acquired Stagecoach Cartage and Distribution to help it expand its cross-border business into Mexico.

Tags: Cross-Border Trucking, Roadrunner Transportation, Mergers & Acquisitions

July 27, 2015 - Industry News

TruckPro Acquires Power Train Service

TruckPro has completed the purchase of Power Train Service, a provider of heavy-duty aftermarket truck parts, fleet maintenance, remanufacturing, and mobile repair services.

Tags: Aftermarket Parts, Mergers & Acquisitions, TruckPro, Parts and Service, Remanufacturing

July 16, 2015 - Industry News

Maverick Acquires Flanary and Sons Trucking

Photo via FAST Trucking

Maverick USA has acquired Church Hill, Tenn.- based glass carrier Flanary and Sons Trucking.

Tags: Maverick, Mergers & Acquisitions

July 15, 2015 - Industry News

BorgWarner to Acquire Remy International

BorgWarner has entered into a definitive agreement to acquire Remy International, a global producer of rotating electrical components.

Tags: Remy, Mergers & Acquisitions, BorgWarner

July 2, 2015 - Industry News

Bulldog Hiway Express Brought Into Daseke Family of Carriers

Photo courtesy of Daseke

Bulldog Hiway Express, the company of past American Trucking Associations Chairman Phil Byrd, is merging with the Daseke family of flatbed, open-deck and specialty carriers.

Tags: Mergers & Acquisitions, Flatbed, Daseke Inc.

July 1, 2015 - Press Release

Stemco Acquires Goodyear Air Springs Business

Stemco, an EnPro Industries company, completed its previously announced acquisition of the maker of Goodyear air springs, as well as Super Cushion and Spring Ride air springs, from ContiTech, a division of Continental Corporation.

Tags: Mergers & Acquisitions, EnPro Industries, Air Springs, Stemco

June 29, 2015 - Industry News

Kuehne Nagel Purchases 3PL Provider ReTrans

Credit: Kuehne and Nagel Group

Memphis, Tenn.-based third party logistics provider ReTrans Inc. is being purchased by the Kuehne Nagel Group, the latest in a series of moves by companies extending their reach into trans-Atlantic freight.

Tags: Intermodal, Mergers & Acquisitions, Fleets, 3PL, Global

June 29, 2015 - Industry News

Sysco Ends Merger Agreement With US Foods

Photo: Deborah Lockridge

Sysco has terminated its merger with US Foods after the Federal Trade Commission’s request for preliminary injunction to block the deal was granted.

Tags: Federal Trade Commission, Mergers & Acquisitions, Sysco, US Foods



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