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Mergers & Acquisitions

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January 20, 2015 - Industry News

Radiant Logistics Purchasing Canadian 3PL

Washington-based Radiant Logistics Inc. announced on Tuesday it has agreed to acquire Wheels Group Inc., one of the largest non-asset based third party logistics providers based in Canada.

Tags: Canada, Cross-Border Trucking, 3PL, Fleets, Mergers & Acquisitions

January 14, 2015 - Industry News

Paragon Buys Majority Share in Home Delivery Service Company

Photo: Paragon

Paragon Software Systems acquired a majority shareholding in Axida, a company that has been a business partner of Paragon in the home delivery service industry.

Tags: Fleet Management Software, Routing, Paragon Software, Delivery Fleet, Mergers & Acquisitions

January 9, 2015 - Industry News

Carlyle Group Buys Back AxleTech

Mary Petrovich, a former CEO of AxleTech from 2002-2011, will rejoin the firm as executive chairman. Joe Mejaly, who joined the company in May 2014 as general manager, will serve as AxleTech International’s CEO.

Tags: Leadership, People, Mergers & Acquisitions, AxleTech International, Carlyle Group

January 5, 2015 - Industry News

ABF Logistics Buys Truckload Brokerage Firm

ABF Logistics acquired the privately held truckload brokerage firm Smart Lines Transportation Group for $5.17 million in cash. The acquisition of the Oklahoma City-based company will expand ABF's third-party logistics operations into the Oklahoma City market.

Tags: ABF, Logistics, Mergers & Acquisitions, ArcBest Corp., 3PL

January 5, 2015 - Global News

Volvo Acquires 45 Percent of Chinese Truck Manufacturer

Photo: Dongfeng Commercial Vehicles

AB Volvo completed the purchase of 45% of Chinese automotive manufacturer Dongfeng Commercial Vehicles, first announced two years ago.

Tags: China, DongFeng Commercial Vehicles, Volvo Group, Mergers & Acquisitions, Global

January 5, 2015 - Industry News

Canadian Customs Broker Purchases U.S.-Based CK Logistics

The Canada-based customs broker Farrow Co. has acquired CK Logistics Inc., an established customs broker and logistics firm headquartered in San Antonio.

Tags: Canada, Cross-Border Trucking, Fleets, Brokers, Logistics, Mergers & Acquisitions

December 30, 2014 - Industry News

FedEx Acquisition Reflects Increased Focus on Returns

Photo by FedEx.

FedEx acquired third party logistics company Genco, expanding the company’s portfolio to include reverse logistics which deals with the processing of returns for retailers.

Tags: 3PL, Logistics, Mergers & Acquisitions, FedEx, FedEx Ground

December 9, 2014 - Industry News

Antares Trailers Acquired by Direct Trailer

Photo via Antares Trailers.

Antares Trailers has been acquired by Direct Trailer, a Texas-based manufacturer of custom flatbeds and drop-deck trailers. The acquisition will expand Direct Trailers production capabilities and increase the business volume.

Tags: Trailers, Flatbeds, Mergers & Acquisitions, Dropdeck Trailers

December 8, 2014 - Industry News

Pilot Logistics Services Merges with Thomas Petroleum

Pilot Logistics Services and Thomas Petroleum completed a merger which will combine both companies into Pilot Thomas Logistics. The merged company will be headquartered in Fort Worth, Texas.

Tags: Lubricants, Fuel and Oil, Mergers & Acquisitions

December 4, 2014 - Industry News

Manitoulin Global Buys Canfleet, Other Major Canadian Deals Progressing

The deal is the latest of a number of investments Manitoulin has made in Western Canada in recent years to build its offerings and coverage in the region.

Tags: Canada, Mergers & Acquisitions, TransForce, Manitoulin

December 1, 2014 - Industry News

C.H. Robinson Purchasing Freightquote.com for $365 Million

Photo: C.H. Robinson Worldwide Facebook page.

The third-party logistics provider C.H. Robinson Worldwide Inc. has reached an agreement to acquire Freightquote.com Inc. for $365 million in cash.

Tags: Intermodal, LTL, Truckload, C.H. Robinson, 3PL, Freightquote.com, Fleets, Mergers & Acquisitions, Brokers

December 1, 2014 - Industry News

McCandless Truck Center Acquires Hanson International

The McCandless Truck Center International dealership group acquired Hanson International of Western Colorado, a commercial truck dealer with two dealerships in Grand Junction and Glenwood Springs, Colo.

Tags: Colorado, International Trucks, Mergers & Acquisitions, Commercial Truck Dealers

December 1, 2014 - Industry News

Canada's Mullen Group to Make Second-Biggest Acquisition Ever

Alberta-based trucking company Mullen Group Ltd. says it will pay $172 million cash to buy Winnipeg-based transport company Gardewine Group Limited Partnership.

Tags: Canada, LTL, Fleets, Mergers & Acquisitions, Oilfield

November 7, 2014 - Product News

Talbert Manufacturing Acquires Specialty Trailer Maker

Talbert 6 Axle Steer Dolly: Photo via Talbert Manufacturing

Talbert Manufacturing acquired Ferree Trailers adding the company’s specialty trailer lines that weren't previously in Talbert’s own lineup, along with gaining Ferree’s manufacturing facility.

Tags: Trailers, Heavy Haul, Mergers & Acquisitions, Talbert Trailers

November 6, 2014 - Industry News

Penske Automotive Acquires Southwest Dealerships

Penske Automotive has completed its acquisition of The Around the Clock Freightliner Group, a heavy and medium duty truck dealership group operating in Texas, Oklahoma and New Mexico.

Tags: Penske, Mergers & Acquisitions, Parts and Service, Dealers, Commercial Truck Dealers

November 5, 2014 - Industry News

Bobit Business Media Acquires ATA's Truck Fleet Management

Bobit Business Media has acquired the Truck Fleet Management media properties from the American Trucking Associations (ATA) in a deal that closed Nov. 5.

Tags: Bobit Business Media, ATA, Mergers & Acquisitions

November 4, 2014 - Industry News

Forward Air Purchases Intermodal Drayage Provider

The trucking operation Forward Air Corp. announced its subsidiary, Central States Trucking Co., has purchased substantially all of the assets of Multi-Modal Trucking Inc. and Multi-Modal Services Inc., based in Indianapolis, Indiana.

Tags: Fleets, Mergers & Acquisitions, Forward Air

November 3, 2014 - Industry News

Omnitracs Completes XRS Acquisition

Photo via Omnitracs.

Omnitracs completed its $178 million acquisition of fleet management software company XRS, the company announced. The company began the acquisition process in September.

Tags: telematics, Information Technology, XRS, Mergers & Acquisitions, Omnitracs

October 27, 2014 - Industry News

Celadon Purchases A&S Services Group

Trucking and logistics operator Celadon Group Inc. on Monday announced the purchase of A&S Services Group LLC, a regional for-hire and dedicated truckload carrier.

Tags: Pennsylvania, Celadon Group, Fleets, Mergers & Acquisitions

October 22, 2014 - Industry News

PS Logistics Purchases Two Tennessee-Based Fleets

The acquisition of Tennessee-based carriers adds a combined 220 new drivers, 210 tractor trucks and over 500 trailers to the P&S fleet offering reefer, flatbed and dump trucking services to customers including the aluminum, steel, food and building materials industries, according to PS Logistics.

Tags: Fleets, Mergers & Acquisitions, PS Logistics

October 15, 2014 - Industry News

Graebel Sells Off Two Operations to All My Sons Moving Owners

Colorado-based Graebel Companies on Wednesday announced it had reached an agreement to sell Graebel Van Lines Inc. and the U.S. moving and storage operations of Graebel Movers Inc. to a rival’s newly created company.

Tags: Fleets, Mergers & Acquisitions

September 29, 2014 - Industry News

Meritor Sells Mascot Brand to Investor Group

Mascot transmission remanufacturing. File photo: Jim Park

Meritor has sold its Mascot operations in Canada and the United States to an entity that will operate under the name Mascot Industries LLC. All other Meritor brake and trailer axle remanufacturing operations, as well as Meritor's distribution business, are not affected by the sale and will continue to operate as usual.

Tags: Canada, Aftermarket Parts, Meritor, Remanufacturing, Mergers & Acquisitions

September 26, 2014 - Industry News

Summit Holdings Acquires Mississippi Dealerships

Summit Holdings has completed the acquisition of commercial truck and IC Bus dealership, Truck Center, Inc.

Tags: Mississippi, Truck Sales, Dealership, Mergers & Acquisitions

September 23, 2014 - Industry News

TruckPro Buys Florida Parts and Service Distributor

Photo via TruckPro.

TruckPro completed the purchase of Palm Beach Spring Company, an independent distributor of heavy-duty truck and trailer products and repair services.

Tags: Florida, Distributors, Mergers & Acquisitions, TruckPro, Parts and Service

September 15, 2014 - Industry News

Germany’s ZF Purchasing TRW Automotive

ZF Friedrichshafen of Germany is buying Michigan-based TRW Automotive Holdings, creating one of the world's largest companies in the vehicle supplier business.

Tags: TRW Automotive, Mergers & Acquisitions, Suppliers, ZF Friedrichshafen, Global

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