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Mergers & Acquisitions

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August 9, 2017 - Industry News

Wabash National to Buy Truck Body Maker Supreme

Photo: Wabash National

Impact that rising tide of e-commerce shipping is having on the need for more “final mile” deliveries cited as driving factor behind acquisition.

Tags: Wabash National, Mergers & Acquisitions, Trailers, Truck Bodies

July 24, 2017 - Industry News

Driving Dynamics Acquires Element's CTS Training Unit

Vinciguerra

Driving Dynamics has acquired the Center for Transportation Safety (CTS) from Element Fleet Management in a deal that will expand its own fleet driver training and preserve the fleet management company's safety offering to its own clients, Driving Dynamics has announced.

Tags: Driving Dynamics, Mergers & Acquisitions, Element Fleet Management, Drivers, Driver Training, CDL, New Hire, C-Suite, Fleet Management Companies

July 6, 2017 - Industry News

Heartland Express Acquires Interstate Distributor Co.

Interstate Distributor Co., was acquired by Heartland Express for around $113 million. Photo via Interstate Distributor Facebook page

Truckload carrier Heartland Express has acquired 100% of the outstanding stock of Tacoma, Washington-based Interstate Distributor Co. from Saltchuk Resources.

Tags: Mergers & Acquisitions, Heartland Express, Truckload, Interstate Distributor

July 5, 2017 - Industry News

Daseke Continues North American Expansion with Latest Merger

The Steelman Companies, which specializes in flatbed and heavy-haul freight, has joined the Daseke family of companies. Photo: Daseke

Daseke has announced a merger with The Steelman Companies, the third such deal in the past two months, continuing the company’s North American expansion.

Tags: Flatbeds, Heavy Haul, Mergers & Acquisitions, Daseke Inc.

June 19, 2017 - Industry News

Accuride Agrees to Buy German Wheel Supplier

Accuride has entered into an agreement to acquire Mefro Wheels, a privately owned German-based supplier of steel wheels to the commercial vehicle industries in Europe and Asia.

Tags: Wheels, Accuride, Global, Mergers & Acquisitions, Suppliers

June 14, 2017 - Industry News

Penske Truck Leasing to Acquire Old Dominion Truck Leasing

Penske expects its deal to acquire Old Dominion Truck Leasing to close in July of this year. Photo: Penske

When completed, the deal will add approximately 1,400 tractors, trucks, and trailers to Penske's fleet.

Tags: Leasing, Penske Truck Leasing, Mergers & Acquisitions, Old Dominion Freight Line

June 14, 2017 - Industry News

Michelin Moves into Telematics with NexTraq Acquisition

Michelin's acquisition of NexTraq will enhance the company's solutions for driver safety, fuel management and enhancing fleet productivity. Photo: Michelin

Michelin has announced its pending acquisition of NexTraq, an Atlanta-based provider of commercial fleet communications systems.

Tags: FleetCor Technologies, Michelin Americas Truck Tires, NexTraq, Mergers & Acquisitions

June 12, 2017 - Industry News

Orbcomm Buys Fleet Management Software Provider Inthinc

Orbcomm has acquired the assets of Salt Lake City-based Inthinc, a fleet management and driver safety solutions provider.

Tags: inthinc, Mergers & Acquisitions, ORBCOMM

June 2, 2017 - Industry News

Federal Signal Completes $270 Million Acquisition of TBEI

Federal Signal has completed its acquisition of Truck Bodies and Equipment International, a manufacturer of dump bodies and trailers, for a purchase price of $270 million.

Tags: Truck Bodies, Mergers & Acquisitions, Federal Signal, TBEI, Trailers, Truck Equipment, Upfitters

May 12, 2017 - Industry News

PwC: Global M&A Activity Stayed Stable in First Quarter

Photo: Evan Lockridge

In its Q1 2017 update on M&A activity in the global transportation and logistics space, PricewaterhouseCoopers reports that deal activity in the quarter remained stable.

Tags: Global, Mergers & Acquisitions

May 8, 2017 - Industry News

Federal Signal to Buy Truck Bodies and Equipment International

Federal Signal Corporation has announced that it has signed a definitive agreement to acquire Truck Bodies and Equipment International, a manufacturer of dump truck bodies and trailers.

Tags: TBEI, Truck Bodies, Mergers & Acquisitions, Federal Signal

May 4, 2017 - Industry News

FTC Greenlights Knight-Swift Merger

Photo: Evan Lockridge

The mega-merger of Knight Transportation and Swift Transportation has moved a step closer to completion with the Federal Trade Commission granting its approval.

Tags: Mergers & Acquisitions, Swift Transportation, Knight Transportation, Knight-Swift

May 1, 2017 - Industry News

Two Flatbed Carriers Merge With Daseke

Photo: The Schilli Companies

Two open deck specialized transportation companies, The Schilli Companies and Big Freight Systems, have merged with Daseke, which says it's the largest owner of open deck equipment in North America.

Tags: Flatbeds, Mergers & Acquisitions, Daseke Inc., Canada

April 26, 2017 - Industry News

Accuride Acquires Wheel End Supplier KIC

KIC's product range. Photo: KIC

Accuride has announced that it has reached an agreement to acquire wheel end component supplier KIC and some of its affiliated entities.

Tags: Accuride, Wheel Ends, Mergers & Acquisitions

April 17, 2017 - Industry News

Carrier Transicold to Buy Westport’s APU Business for $70M

Carrier Transicold has signed an agreement to acquire certain IMPCO road and rail transport product lines, including the ComfortPro auxiliary power unit business, from Westport Fuel Systems.

Tags: Carrier Transicold, Mergers & Acquisitions, Westport, APUs

April 10, 2017 - Industry News

Swift-Knight Merger to Create Truckload Giant

Photo: Evan Lockridge

Swift Transportation Co. and Knight Transportation Inc. announced on April 10 that they will merge via a stock swap to form a new company, Knight-Swift Transportation. The two Phoenix, Arizona-based carriers say the new company will be the truckload industry's largest.

Tags: Mergers & Acquisitions, Swift Transportation, Knight Transportation, Truckload

March 13, 2017 - Industry News

Intel to Acquire Self-Driving Tech Firm Mobileye

Photo courtesy of Intel.

Intel will acquire Israeli autonomous driving technology provider Mobileye for $15 billion under an agreement announced March 13 that brings the Silicon Valley chipmaker into the emerging autonomous-driving sector.

Tags: Intel, Mobileye, Autonomous Vehicles, Mergers & Acquisitions

March 1, 2017 - Industry News

Navistar, Volkwagen Close Strategic Alliance Deal

Navistar International Corp. announced the closing of its "wide-ranging strategic alliance" with Volkswagen Truck & Bus, which includes an equity investment in Navistar, a procurement joint venture, and technology and supply collaboration.

Tags: Volkswagen, Navistar, Mergers & Acquisitions

February 28, 2017 - Industry News

Daseke Goes Public via Merger with Hennessy Capital Acquisition

Cargo-securement training at WTI, one of the open-deck carriers in the Daseke family of companies. Photo: Daseke Inc.

Flatbed fleet operator Daseke Inc. became a public company on Feb. 27 by completing its previously announced merger with Hennessy Capital Acquisition Corp. II. The deal included HCAC changing its name to Daseke, Inc.

Tags: Mergers & Acquisitions, Daseke Inc.

February 23, 2017 - Industry News

Central Freight Lines to Buy Virginia-Based Wilson Trucking

Photo: Central Freight Lines

Central Freight Lines has signed a letter of intent to buy certain assets of Virginia-based Wilson Trucking, a 91-year-old less-than-truckload carrier with 29 terminals in the Southeast.

Tags: LTL, Central Freight Lines, Mergers & Acquisitions

February 23, 2017 - Industry News

SambaSafety Acquires Vigillo

Steve Bryan, Vigillo CEO Photo: Evan Lockridge

SambaSafety has acquired Vigillo, enhancing the company’s driver risk management platform for U.S. Department of Transportation regulated fleets.

Tags: CSA, MVRs, Mergers & Acquisitions, Vigillo, SambaSafety

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 5, 2017 - Industry News

Element Purchases The CEI Group

Smolda

Element Fleet Management Corp. has purchased fleet safety and accident management provider The CEI Group, the company announced.

Tags: Element Fleet Management, CEI Group, Mergers & Acquisitions

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

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