Bobit Business Media has been acquired by Gemspring Capital, a middle-market private equity firm. Bobit, which bought HDT in 2012, was founded by Ed Bobit in 1961 with Automotive Fleet and today is a successful business-to-business media company in the fleet, transportation, beauty, and law enforcement industries.
Hexagon Composites ASA has signed an agreement to acquire the remaining 50% of Agility Fuel Solutions Holdings Inc. The combined business will provide clean energy solutions to a wide range of end markets around the world.
Groendyke Transport is buying the tank truck assets of McKenzie Tank Lines, a deal Groendyke says is the largest acquisition in its history and significantly expands its presence in the Southeast.
USA Truck Inc., Van Buren, Arkansas, has acquired privately held Davis Transfer Company of Carnesville, Georgia.
XPO Logistics Inc. has landed on the Fortune Future 50 list of U.S. public companies determined by the business magazine as having the best prospects for long-term growth.
New York-based Greenbriar Equity Group has acquired Spireon, Inc. from Bertram Capital, a San Mateo-based equity firm that has presided over the expansion of the telematics provider.
Bendix has acquired the ProSteering steering component remanfuacturer brand from JM Engineered Products, a move that could eventually contribute to advanced driver assistance systems.
Stertil-Koni has expanded its network of distributors with the addition of Garage Equipment Solutions (GES), which specializes in vehicle equipment and service to customers in eastern New York State, Vermont, western Massachusetts, and western Connecticut.
Leavitt’s Freight Service, a specialty carrier of utility poles and engineered wood products, has merged with Daseke-affiliated Central Oregon Truck Company.
Daseke announced the acquisition of Builders Transportation Co., a Memphis-based carrier of steel, aluminum, and metal products.