April 19, 2016 - Industry News
Wabco has acquired Laydon Composites, a manufacturer of aerodynamic devices for heavy-duty trucks and trailers based in Ontario, Canada.
Tags: Aerodynamics, Wabco, Mergers & Acquisitions
April 7, 2016 - Industry News
Commercial tire dealer and retreader BestDrive has purchased Brahler’s Trucker Supply, significantly expanding its presence in the Midwest.
Tags: Tires, Continental Tire the Americas, Retreads, Mergers & Acquisitions
April 1, 2016 - Product News
LOUISVILLE, KY -- Trail King's purchase of Dakota gained a line of grain trailers, while growth in the hauling of turbine blades demands longer equipment.
Tags: Trailers, Dakota, Trail King, Mergers & Acquisitions, Agricultural Fleets
March 14, 2016 - Industry News
Canadian supply chain solutions company VersaCold Logistics Services has agreed to acquire Coastal Pacific Xpress, a large refrigerated carrier based in British Columbia.
Tags: Canada, LTL, Logistics, Mergers & Acquisitions, Truckload
March 7, 2016 - Industry News
Commercial truck dealer group TranSource has entered into an agreement with Advantage Truck Centers to purchase certain assets from the Rocky Mount and St. Pauls, N.C. locations.
Tags: Hino, Volvo Trucks, Dealers, Mergers & Acquisitions
February 18, 2016 - Industry News
Video telematics company Lytx has signed an agreement to be acquired by Chicago-based private equity firm GTCR.
Tags: Mergers & Acquisitions, Lytx, Truck Driver Safety
February 12, 2016 - Industry News
Business analytics and insight company IHS has signed an agreement to acquire Oil Price Information Service, a pricing reporting agency that serves the oil, natural gas and biofuels industries.
Tags: Oil Analysis, Mergers & Acquisitions, IHS Automotive, Petroleum, Alternative Fuels
February 4, 2016 - Industry News
Pure Power Technologies has been acquired from Navistar by an investment group, allowing PPT to become an independent company.
Tags: Navistar, Fuel Injection, Mergers & Acquisitions
February 3, 2016 - Industry News
Dana Holding Corporation has competed its acquisition of Magnum Gaskets, a U.S.-based supplier of aftermarket gaskets and sealing products for commercial-vehicle and automotive applications.
Tags: Aftermarket Parts, Dana Holding Corp., Mergers & Acquisitions
February 2, 2016 - Industry News
Love’s Travel Stops has agreed to purchase compressed natural gas provider Trillium CNG in a deal that will add 37 public-access CNG locations to the truck stop company’s network.
Tags: Mergers & Acquisitions, Trillium CNG, Love's Travel Stops, Truckstops, Compressed Natural Gas, CNG Fueling Stations
January 19, 2016 - Industry News
The sale did not include Walser Specialized Services, which provides acquisition services to car rental companies and commercial fleets.
Tags: Union Leasing, Fleet Management Companies, Mergers & Acquisitions, Walser Automotive Group
January 7, 2016 - Industry News
A new report reveals that nearly 48% of shippers regard M+A activity in logistics as a positive and just over 39% embrace the M+A frenzy because they prefer full-service logistics providers that offer a wider geographical reach.
Tags: Logistics, Mergers & Acquisitions
December 23, 2015 - Industry News
Toronto-based Element Financial Corp. has closed $4.8 billion in rated asset-backed security funding that will fuel the company's aggressive move into the U.S. fleet management business.
Tags: Mergers & Acquisitions, Equity Markets, Element Financial
November 17, 2015 - Industry News
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
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., 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
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 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 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
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
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
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 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 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 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
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