October 7, 2013 - Industry News
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 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
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
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
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.
September 25, 2013 - Industry News
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
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 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
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
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, 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 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
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 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 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 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 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
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 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 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., 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.
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 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
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
August 2, 2013 - Industry News
BBB Industries and QBR Brake jointly announced that BBB Industries LLC has acquired substantially all of the assets of QBR Brake Inc. of Stockton, Calif. QBR is a remanufacturer and supplier of semi-loaded disc brake calipers and accessories to the automotive aftermarket in North America.
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