TopNews

Mergers & Acquisitions

76  -  100  of  123

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

September 19, 2013 - Industry News

Platinum Equity Completes Acquisition of Bridge Terminal Transport

Platinum Equity has completed the acquisition of substantially all the assets of Bridge Terminal Transport Inc. from Maersk Inc., a subsidiary of the A.P. Moller-Maersk Group. Financial terms of the transaction were not disclosed. The business will continue to operate under the Bridge Terminal Transport brand going forward.

Tags: Mergers & Acquisitions, Platinum Equity, Bridge Terminal Transport, Maersk, Fleets

September 19, 2013 - Industry News

Wheels Acquires Highway Brokerage, BBL Worldwide

Wheels Group, a North American non-asset third party logistics provider, has acquired BBL Worldwide, a non-asset 3PL company providing specialized cross border truck brokerage services.

Tags: Mergers & Acquisitions, BBL Worldwide, Fleets

September 19, 2013 - Industry News

Roadrunner Continues Expansion with Massachusetts Carrier Purchase

The asset-light and logistics service provider, Roadrunner Transportation Systems, Cudahy, Wisc., has acquired Yes Trans, a refrigerated truckload service provider based in Salisbury, Mass.

Tags: Fleets, Roadrunner Transportation, Owner-Operators, Mergers & Acquisitions

September 18, 2013 - Industry News

Bennett Motor Express Acquires Ace Doran Hauling & Rigging

Bennett Motor Express, McDonough, Ga has completed the purchase of Ace Doran Hauling & Rigging, a Cincinnati, Ohio-based company since 1913.

Tags: Fleets, Owner-Operators, Mergers & Acquisitions

September 17, 2013 - Industry News

Honeywell Completes Acquisition Of Intermec

Honeywell has completed its acquisition of Intermec , a provider of mobile computing, radio frequency identification solutions, voice-enabled workflow and data-collection solutions, and printing solutions.

Tags: Honeywell, Intermec, Mergers & Acquisitions

September 12, 2013 - Industry News

Roadrunner Purchases Arkansas Truckload Operation

Wisconsin-based Roadrunner Transportation Systems, has acquired G.W. Palmer Logistics, a non-asset truckload service provider based in Batesville, Arkansas.

Tags: Wisconsin, Arkansas, Fleets, Roadrunner Transportation, Mergers & Acquisitions

August 30, 2013 - Industry News

Penske Completes Australian CV Group Acquisition

Penske Automotive Group Inc., an international automotive retailer, has completed the acquisition of Western Star Trucks Australia Pty Ltd., a distributor of commercial vehicles, related spare parts and aftermarket support across Australia and New Zealand and portions of Southeast Asia from Transpacific Industries Group Limited.

Tags: Penske, Mergers & Acquisitions

August 23, 2013 - Industry News

Qualcomm Selling Omnitracs Transportation and Logistics Business to Vista Equity Partners

Qualcomm announced it has signed a definitive agreement to sell its Omnitracs subsidiary to Vista Equity Partners, a U.S.-based private equity firm. Omnitracs was a pioneer in in-cab communication, developing the first widely used satellite tracking and communications system for truck fleets, and today offers a variety of fleet management and telematics solutions.

Tags: Telematics, Qualcomm, Technology, Information Technology, Mergers & Acquisitions, Omnitracs

August 22, 2013 - Industry News

Smith Electric to Form Joint Venture in Taiwan

Smith Electric Vehicles has signed a letter of intent to form a joint venture with Taikang Technology Corp. in Taiwan. Taikang Technology, a commercial vehicle manufacturer in Taiwan, has twenty-five years of automotive experience and has expertise in upfitting specialized municipal commercial vehicles.

Tags: Smith Electric Vehicles, Mergers & Acquisitions, EVs, Alternative Fuels & Hybrids, Global

August 16, 2013 - Industry News

XPO Logistics Completes Acquisition of 3PD

XPO Logistics Inc. has completed its previously announced acquisition of 3PD Holding Inc. in a transaction valued at approximately $365 million. The company financed the acquisition and related fees and expenses with the net proceeds of its recent $220.5 million public offering of common stock, together with cash on hand.

Tags: Mergers & Acquisitions, XPO Logistics

August 16, 2013 - Industry News

Roadrunner Transportation Acquires Southeast Drayage Division of Transport America

Roadrunner Transportation Systems Inc. has acquired certain of the assets of the Southeast drayage division of Transport Corporation of America Inc., a provider of intermodal transportation and related services in the Southeast.

Tags: Roadrunner Transportation, Mergers & Acquisitions, TA Drayage

August 14, 2013 - Industry News

PGT Trucking Acquires Liedtka Trucking

PGT Trucking Inc. has acquired Liedtka Trucking, headquartered in Trenton, N.J. Liedtka Trucking, founded in 1964, specializes in flatbed and specialized hauling. Their lanes are primarily in New England, the Mid-Atlantic, the Southeast and Midwest.

Tags: Mergers & Acquisitions

August 8, 2013 - Industry News

TruckPro Acquires CCI Corp.

TruckPro LLC, a distributor of heavy-duty truck and trailer products and advanced repair services, announced it has completed the purchase of CCI Corp., including its network of more than 100 retail stores, service shops and distribution center locations.

Tags: Mergers & Acquisitions, TruckPro, CCI

August 7, 2013 - Industry News

Daseke Inc. Announces Transaction with Central Oregon Truck Co.

Daseke Inc., a family of flatbed and specialized carriers, continues to grow with the addition of Redmond, Ore.-based Central Oregon Truck Co.

Tags: Mergers & Acquisitions, Daeske, Central Oregon Truck Co.

August 7, 2013 - Industry News

Swift Transportation Acquires Central Refrigerated Transportation

Photo: Evan Lockridge

Swift Transportation announced that it acquired privately held Central Refrigerated Transportation, a provider of refrigerated trucking services, in a transaction valued at $225 million, including approximately $189 million in cash and $36 million of assumed capital lease obligations and other financial debt.

Tags: Mergers & Acquisitions, Swift Transportation, Central Refrigerated Transportation

August 6, 2013 - Industry News

Accuride Completes Sale of Imperial Group

Accuride Corp. has completed the sale of substantially all of the assets of its Imperial Group business to Imperial Group Manufacturing Inc., a new company formed and capitalized by Wynnchurch Capital for total cash consideration of $30 million at closing, plus a contingent earn-out totaling up to $2.25 million.

Tags: Accuride, Mergers & Acquisitions, Wynnchurch Capital, Imperial Group, Wheels

August 5, 2013 - Industry News

Rig Runners Purchased by EZE and Private Investment Firm

EZE Trucking, which provides trucking and logistics for the infrastructure, energy and industrial markets, along with the private equity firm Atlantic Street Capital, have acquired Rig Runners, a heavy haul and over dimensional trucking company.

Tags: Fleets, Mergers & Acquisitions

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