TopNews

Mergers & Acquisitions

51  -  75  of  133

February 5, 2014 - Industry News

USA Truck And Knight Reach Settlement over Proposed Purchase

Truckload companies USA Truck and Knight Transportation have reached a settlement dismissing all claims between the two in connection with litigation arising from Knight’s previously announced proposal to acquire Arkansas-based USA Truck in a $242 million bid.

Tags: Fleets, USA Truck, Litigation, Mergers & Acquisitions, Knight Transportation

January 27, 2014 - Industry News

XPO Announces Stock Sale, Reveals Preliminary Earnings Report

XPO Logistics Monday announced plans to offer 15 million shares of its common stock to help pay for its purchase of Ohio-based Pacer International.

Tags: Fleets, Earnings, Mergers & Acquisitions, XPO Logistics, Pacer International

January 23, 2014 - Industry News

Forward Air Purchases Central States Trucking

Photo: Evan Lockridge

The parent to a ground transportation provider in the air cargo industry, Forward Air Corporation, has signed a definitive agreement to acquire all of the stock of Central States Trucking Company and Central States Logistics, from Central States Inc.

Tags: Drivers, Fleets, Mergers & Acquisitions, Forward Air

January 23, 2014 - Industry News

Odyssey Logistics Purchases Two Companies

Supply chain logistics service provider Odyssey Logistics & Technology Corporation, based in Conn., has purchased both CMI Freight-Trans and Steel Wheel Transfer, 25 year-old companies headquartered in Orland Park, Ill.

Tags: Fleets, Mergers & Acquisitions, Odyssey Logistics

January 21, 2014 - Industry News

Chrysler Purchase by Fiat Finalized

Italy’s Fiat, through its wholly owned subsidiary, Fiat North America, has completed its previously announced acquisition of all of the United Auto Workers' employee medical benefit retirement trust interests in the Chrysler Group and is now a wholly-owned subsidiary of Fiat.

Tags: OEM, Fiat, Chrysler, Mergers & Acquisitions

January 17, 2014 - Industry News

The Pete Store Acquires Elliott/Wilson Capital Trucks

The Pete Store announced it has acquired certain assets of Elliott/Wilson Capitol Trucks LLC, a truck dealer with locations in Maryland and Virginia. The acquisition adds a full-service facility in Landover, Md., a parts-only location in Manassas, Va., and territory on the Eastern Shore of Maryland to the dealers’ network.

Tags: Dealers, Mergers & Acquisitions, The Peter Store

January 14, 2014 - Industry News

Rush Enterprises Acquires Assets of Dealership Groups in Illinois and Indiana

Rush Enterprises Inc. announced that its subsidiaries have acquired certain assets of CIT Inc., which does business as Chicago International Trucks, Mcgrenho L.L.C., which does business as Indy Truck Sales, and Indiana Mack Leasing, LLC; and the membership interests of Idealease of Chicago, LLC.

Tags: Rush Enterprises, Mergers & Acquisitions

January 13, 2014 - Industry News

TransForce Purchases Best Drivers

TransForce Inc. has acquired Best Drivers based in Alcoa, Tenn. Best Drivers provides commercial truck drivers throughout the southeastern U.S., with operations in Tennessee, North Carolina, South Carolina, Florida, Georgia, Mississippi, Kentucky, and Alabama.

Tags: Mergers & Acquisitions, TransForce, Drivers

January 6, 2014 - Industry News

Vipar Heavy Duty Announces Acquisition of Power Heavy Duty

Vipar Heavy Duty announced the acquisition of Power Heavy Duty based in Pearland, Texas. As a result of the transaction, Power Heavy Duty will become part of the Vipar Heavy Duty family of companies and continue to serve the marketplace as a separate brand.

Tags: Aftermarket, Vipar, Mergers & Acquisitions

January 6, 2014 - Industry News

XPO Logistics Purchasing Intermodal Provider Pacer International

Trucking and related services provider, XPO Logistics, has entered into an agreement to acquire Pacer Internation, the third largest provider of intermodal transportation services in North America.

Tags: Drivers, Cross-Border Trucking, Intermodal, Fleets, Mergers & Acquisitions, XPO Logistics, Pacer International

January 2, 2014 - Industry News

CRST Purchases Short-Haul Fleet BESL Transfer

Photo: Evan Lockridge

Trucking company owner CRST International has announced the acquisition of privately-held BESL Transfer Company, based in Cincinnati, Ohio.

Tags: Fleets, Owner-Operators, Mergers & Acquisitions, CRST, Flatbed

December 30, 2013 - Industry News

Cooper Will Pursue Damages Against Apollo

Cooper Tire & Rubber Co. said it will pursue damages against Apollo Tyres Ltd. in a webcast following the announcement of its decision to terminate the merger agreement, according to Modern Tire Dealer, a sister publication of HDT.

Tags: Cooper Tire & Rubber Co., Tires, Mergers & Acquisitions, Apollo Tyre

December 30, 2013 - Industry News

XPO Logistics Completes Acquisition of NLM

XPO Logistics Inc. announced that it has completed its previously announced acquisition of NLM from Landstar System Inc. The company funded the $87 million cash transaction through its ABL facility and available cash, including approximately $13.4 million of cash acquired on closing.

Tags: Landstar, Mergers & Acquisitions, XPO Logistics, NLM

December 19, 2013 - Industry News

Andrews Logistics Acquires Andrews Transport

Andrews Logistics, an asset-based transportation and logistics company specializing in bulk liquid and hazardous materials transport, has acquired Andrews Transport LP, a bulk liquid petroleum and chemical products transportation provider based in Fort Worth, Texas.

Tags: Mergers & Acquisitions, Andrews Transport, Andrews Logistics

December 18, 2013 - Industry News

Teamsters Express Concern About Sysco's Purchase of US Foods

The Teamsters Union is saying Sysco's acquisition of US Foods announced last week raises serious concerns for workers, stakeholders and customers as the combined company becomes the country's largest institutional/restaurant food service provider and one of the nation’s largest private truck fleets.

Tags: Fleets, Teamsters, Mergers & Acquisitions, Private Fleets, Sysco, US Foods

December 16, 2013 - Industry News

United Road Services Acquires Waggoners' Auto Transport Division

United Road Services and its owner, Charlesbank Capital Partners, have purchased the Auto Transport Division of Waggoners Trucking.

Tags: Drivers, Fleets, Mergers & Acquisitions, United Road Services, Waggoners Trucking

December 15, 2013 - Industry News

Driving for America Acquires New Truck Driving School

Driving for America, a Veterans-focused truck driving school, acquired CDI Truck Driving School located in Saginaw, Michigan on Nov. 19, 2013. The acquisition expands DFA's network to the Saginaw/Flint area and will reach more Michigan Veterans with the opportunity to prepare for their Commercial Driver's License.

Tags: CDL, Mergers & Acquisitions, Driving for America

December 12, 2013 - Industry News

Allstate Peterbilt Group Acquires Steussy Diesel

Minnesota-based Allstate Peterbilt Group is has acquired Steussy Diesel in Alexandria, Minn., and is expanding the parts store into a full-service shop. Effective in January, Steussy Diesel will become Allstate Peterbilt of Alexandria.

Tags: Allstate Peterbilt, Mergers & Acquisitions, Dealers, Aftermarket Parts

December 10, 2013 - Industry News

Manitoulin Transport Purchasing Vitran

Photo: Evan Lockridge

Less-than-truckload carrier Vitran has announced it has entered into an agreement in which fellow LTL Canadian carrier Manitoulin Transport will acquire the company.

Tags: Canada, Cross-Border Trucking, Fleets, Mergers & Acquisitions, Vitran, Manitoulin

December 2, 2013 - Industry News

Universal Truckload Purchasing Westport Axle

Universal Truckload Services announced Monday that it will acquire Westport Axle Corporation from an international industrial group headed in Brazil by SM Brasil Participações S/A.

Tags: Fleets, Mergers & Acquisitions, Universal Truckload, Westport Innovations

November 26, 2013 - Industry News

Vista Equity Partners Completes Acquisition of Omnitracs

Vista Equity Partners LLC announced it has completed its acquisition of Omnitracs Inc., formerly a subsidiary of Qualcomm Inc. In conjunction with this announcement, Omnitracs announced that it has signed a definitive agreement to acquire Roadnet Technologies Inc., a provider of fleet management software solutions for private fleets.

Tags: Qualcomm, Information Technology, Roadnet Technologies, Mergers & Acquisitions, Omnitracs, Vista Equity Partners

November 25, 2013 - Industry News

Bergstrom Buys Innovative Product Development Corp.

Bergstrom Inc. has expanded its design engineering capabilities with the acquisition of Innovative Product Development Corp., an engineering firm based in Troy, Mich.

Tags: HVAC, Mergers & Acquisitions, Bergstrom

November 25, 2013 - Industry News

Manitoulin Transport Purchases Smooth Freight

Manitoulin Transport announced Monday that it has purchased fellow Manitoba-based carrier Smooth Freight.

Tags: Canada, Fleets, Mergers & Acquisitions

November 17, 2013 - Industry News

TravelCenters of America Agrees to Purchase 31 Gas Stations for $67 Million

Travel Centers of America LLC has agreed to acquire 31 convenience stores with retail gasoline stations for $67 million, before closing costs and customary working capital adjustments. The seller is a private company which operates these stores under its proprietary brand name Minit Mart.

Tags: Expansion, Mergers & Acquisitions, Travel Centers of America

November 17, 2013 - Industry News

Kenan Advantage Group Acquires RTL-Westcan Group

Kenan Advantage Group announced that it has completed the acquisition of RTL-Westcan Group. RTL-Westcan is a hauler of bulk commodities in western and northern Canada, serving more than 500 customers across its operating region.

Tags: Fleets, Mergers & Acquisitions, Kenan Advantage Group, RTL-Westcan

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