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Mergers & Acquisitions

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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

November 14, 2013 - Industry News

Flatbed Fleet Merger to Create a Top-Five Open Deck/Specialized Carrier

Daseke Inc. of Addison, Texas, and Clayton, Ala.-based Boyd Bros. Transportation announced a merger they say will put them into the top five largest open deck/specialty carriers.

Tags: Mergers & Acquisitions, Daseke Inc., Boyd Bros. Transportation, Fleets, Flatbed

November 14, 2013 - Industry News

Diamond Companies and Roberts Truck Center Announce Management Appointments

Executive and senior management appointments were announced for the merged Diamond Companies and Roberts Truck Center organization.

Tags: Leadership, Mergers & Acquisitions, Diamond Companies, Roberts Truck Center

November 12, 2013 - Industry News

Heartland Express Acquires Gordon Trucking

In a move one analyst is saying could be "the best strategic truckload deal ever," Iowa-based Heartland Express has acquired Gordon Trucking Inc. of Pacific, Wash., in transactions valued at approximately $300 million.

Tags: Mergers & Acquisitions, Heartland Express, Gordon Trucking

November 4, 2013 - Industry News

Paschall Truck Lines Sold to Employees

Photo: Evan Lockridge

Kentucky-based Paschall Truck Lines President and CEO Randall A. Waller has sold 100% percent of his stock in the company to its employees through an Employee Stock Ownership Plan.

Tags: Fleets, Mergers & Acquisitions

November 4, 2013 - Industry News

Knight Transportation Steps Up Pursuit of USA Truck

Knight Transportation is keeping up its public campaign to buy rival truckload carrier USA Truck, despite being told the company is not interested in being purchased.

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

November 1, 2013 - Industry News

TransForce Purchase Clarke, Ups Ownership in Vitran

TransForce has entered into a definitive agreement to acquire Clarke Transport and Clarke Road Transport, the two subsidiaries of Clarke Inc. Both are Canadian companies.

Tags: Fleets, Mergers & Acquisitions, TransForce, Vitran

October 31, 2013 - Industry News

FleetCor Acquires NexTraq

FleetCor Technologies Inc., a global provider of fuel cards and workforce payment products to businesses, announced that it has acquired NexTraq, a U.S. based provider of telematics solutions to small and medium-sized businesses, from Francisco Partners.

Tags: Information Technology, NexTraq, Mergers & Acquisitions, FleetCor, Francisco Partners

October 28, 2013 - Industry News

Roehl Transport Purchases Brock Cold Storage and Trucking

The Wisconsin-based Roehl will operate the cold storage business as Roehl Cold Storage, and the trucking operation will become a part of Roehl Transport.

Tags: Fleets, Mergers & Acquisitions, Roehl Transport

October 23, 2013 - Industry News

PTA Holdings Moves Into Intermodal Rail, Newgistics Rebranded and Expanding

The transportation holding group PTA Holdings, Phoenix, Ariz. has announced it is entering the intermodal transportation rail segment with American Trainco Logistics, initially centered in the Chicago area.

Tags: Intermodal, Fleets, Mergers & Acquisitions

October 17, 2013 - Industry News

Apollo Countersues Cooper Tire for Respect and Restitution

Apollo Tyres Ltd. did not take Cooper Tire & Rubber Co.'s lawsuit and allegations lightly. Cooper says Apollo is not meeting the terms of the merger agreement. Apollo claims it's Cooper that is in violation of the agreement.

Tags: Wheels, Mergers & Acquisitions, Apollo, Cooper

October 11, 2013 - Industry News

USA Truck Sues Knight for Using Confidential Info in 'Creeping Hostile Acquisition'

USA Truck says Knight Transportion violated confidentiality agreements.

Truckload carrier USA Truck has filed a breach of contract lawsuit against Knight Transportation, claiming Knight used USA Truck's confidential information to begin what it calls a “creeping hostile acquisition” of the Arkansas-based fleet.

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

October 7, 2013 - Industry News

Cooper Sues Apollo for Dragging its Feet

Cooper Tire's Roy Armes says the lawsuit against Apollo "is a necessary step in the process to assure that the terms of the merger agreement are met as required"

Apollo Tyres Ltd.'s friendly takeover of Cooper Tire & Rubber Co. is not so friendly anymore. On Friday, Oct. 4, 2013, Cooper filed a complaint in Delaware Chancery Court asking that subsidiaries of Apollo "be required to expeditiously close the pending merger between the two tire companies in accordance with the terms of the definitive merger agreement."

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

October 2, 2013 - Industry News

Orbcomm Acquires SENS Asset Tracking Operation

Orbcomm Inc. has completed the acquisition of Comtech Mobile Datacom Corporation’s Sensor Enabled Notification System operation, which includes satellite hardware, network technology and web platforms.

Tags: Information Technology, Mergers & Acquisitions, Orbcomm

September 30, 2013 - Industry News

Knight “Disappointed” Over USA Truck’s Rejection

Phoenix-based truckload carrier Knight Transportation, has responded to USA Truck’s recent rejection of its purchase offer, saying it's disappointed and announcing it's upped its ownership share of the company.

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

September 26, 2013 - Industry News

TransForce Offers to Buy Vitran

Photo: Evan Lockridge

Toronto-based Vitran Corp., which recently decided to sell its U.S. less-than-truckload operations, has received a purchase proposal from TransForce Inc..

Tags: Canada, Mergers & Acquisitions, TransForce, Vitran

September 26, 2013 - Industry News

USA Truck Rejects Offer from Knight Transportation

UPDATED -- Knight Transportation wants to buy USA Truck, but so far USA Truck hasn't been interested, so Phoenix-based Knight Thursday went public with its proposal to acquire all of the outstanding share of USA Truck.

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

September 25, 2013 - Industry News

Howes Lubricator Buys U.S. Lube

Rhode Island-based Howes Lubricator Products has purchased U.S. Lube of New Brunswick, N.J.

Tags: Lubricants, Mergers & Acquisitions

September 23, 2013 - Industry News

Vitran Selling U.S. LTL Operation

Canadian-based Vitran Corporation has announced it has entered into an agreement to sell its U.S. less-than-truckload business.

Tags: Cross-Border Trucking, Fleets, Mergers & Acquisitions

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