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Mergers & Acquisitions

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February 13, 2017 - Industry News

Dana to Acquire Assets from U.S. Manufacturing Corporation

Dana has agreed to purchase the axle housing and driveline shaft manufacturing operations of U.S. Manufacturing Corporation.

Tags: Dana, Mergers & Acquisitions, Suppliers

February 10, 2017 - Industry News

Reading Truck Group Acquires Four PalFleet Truck Equipment Sites

Reading Truck Group will assume customers, staff, and assets at four PalFleet sites, acquiring its service body line. (Photo courtesy of PalFleet)

Reading Truck Group will assume customers, staff, and assets at four PalFleet sites: Council Bluffs, Iowa; Indianapolis; Louisville, Ky.; and Nashville, Tenn.

Tags: Upfitting, Palfinger, Service Bodies, Reading Truck Body, Mergers & Acquisitions, PalFleet

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

IMT Group Axle Business Acquired by Dexter Axle

Dexter Axle Co. has agreed to acquire IMT’s light-, medium-, and heavy-duty axles business, the IMT group announced.

Tags: IMT, Axles, Mergers & Acquisitions, Ingersoll

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

November 7, 2016 - Industry News

Verizon-Fleetmatics Deal Finalized

Logos via Verizon and Fleetmatics.

Verizon Communications has completed its $2.4 billion acquisition of Fleetmatics Group to become the largest provider of telematics systems for commercial fleets, the company has announced.

Tags: Fleetmatics, Mergers & Acquisitions, Verizon Networkfleet, Telogis

November 1, 2016 - Industry News

Petro-Canada Lubricants Acquired By American Petroleum Refiner

Dallas-based independent petroleum refiner and marketer HollyFrontier has agreed to acquire Suncor Energy’s Petro-Canada Lubricants business for $845 million.

Tags: Lubricants, Mergers & Acquisitions, Petro-Canada Lubricants

October 28, 2016 - Industry News

CFI Name Returns With TransForce Acquisition

The year before its acquisition by Con-way, CFI chairman and CEO Glenn Brown posed with the company’s original Kenworth T600 (right) and a 2006 version, celebrating the "Anteater's" 20th anniversary. Photo courtesy Kenworth

Longtime employees of TransForce’s new acquisition in Joplin, Mo., are proudly digging out their old CFI shirts, as the company founded in 1951 as Contract Freighters Inc. goes back to its roots and its name under its new ownership.

Tags: Mergers & Acquisitions, TransForce, XPO Logistics, CFI

October 27, 2016 - Industry News

XPO Logistics Sells Truckload Operations to TransForce

Photo: XPO

XPO Logistics Inc. (NYSE: XPO) announced Thursday that it has sold its truckload business to Canada's growing trucking concern TransForce Inc. (TSX: TFI) for approximately $558 million in cash.

Tags: Con-way Truckload, Mergers & Acquisitions, TransForce, XPO Logistics

October 27, 2016 - Industry News

Sunteck and TTS Merger Forms $1 Billion Multimodal Company

Third-party transportation and logistics providers Sunteck Transport Group and TTS Holdings have merged to create a single $1 billion dollar company.

Tags: 3PL, Mergers & Acquisitions, Multimodal

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

September 6, 2016 - Global News

Navistar, Volkswagen Announce 'Wide Ranging Strategic Alliance'

Graphic courtesy of Volkswagen Truck & Bus.

Volkswagen Truck & Bus is taking a 16.6% equity stake in Navistar International Corp. as part of a “wide-ranging strategic alliance” that will initially focus on providing powertrains for Navistar trucks starting in 2019.

Tags: Volkswagen, Navistar, Engines, Mergers & Acquisitions

August 29, 2016 - Industry News

Ritchie Bros. Acquires IronPlanet

Vancouver-based Ritchie Bros. Auctioneers has acquired online auctioneer IronPlanet of Pleasanton, Calif., for $758.5 million, the company announced.

Tags: Ritchie Bros. Auctions, Mergers & Acquisitions, IronPlanet, Auctions, Heavy Equipment

August 18, 2016 - Industry News

Uber Buys Autonomous Truck Startup Otto

Photo: Otto

Uber is upping its efforts to expand from the ride-sharing market to commercial freight movement by acquiring Otto, the technology startup that’s developing an aftermarket version of autonomous technology for Class 8 trucks.

Tags: Mergers & Acquisitions, Uber, Autonomous Vehicles, Otto

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 Networkfleet, 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: Fleetmatics, Mergers & Acquisitions, Verizon Networkfleet

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 22, 2016 - Industry News

Quantum Fuel Systems Bought by Private Equity Firm

Compressed natural gas fuel systems maker Quantum Fuel Systems Technologies has been acquired by Douglas Acquisitions, a Northern California-based private equity firm.

Tags: Mergers & Acquisitions, CNG, Quantum Fuel Systems Technologies

July 20, 2016 - Industry News

Fitzgerald Glider Kits Acquires Two Peterbilt Dealerships

Photo: Fitzgerald Peterbilt

Fitzgerald Glider Kits has finalized the purchase of two Peterbilt dealerships in the southwest region of Virginia, formerly known by the name Performance Peterbilt of Bristol.

Tags: Peterbilt, Dealership, Mergers & Acquisitions, Glider Kits

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

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