TopNews

Mergers & Acquisitions

1  -  25  of  273

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 Acquires 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: MVR, CSA, 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

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

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