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Mergers & Acquisitions

Omnitracs Acquires SmartDrive

Omnitracs is buying SmartDrive, a move the companies say will create a converged, end-to-end platform that optimizes safety, driver productivity, and workflow, as well as routing, dispatch, and compliance.

Lordstown Motors Corp. to List on NASDAQ

Lordstown will list on NASDAQ through a merger with DiamondPeak Holdings Corp. The EV maker has received more than 27,000 pre-orders for its Endurance electric pickup, primarily from commercial fleet customers.

TFI Acquires MCT Transportation

TFI International recently purchased the assets of MCT Transportation, a refrigerated and dry van subsidiary of Comcar Industries.

Neste Acquires Mahoney Environmental

Neste, one of the world’s leading producers of renewable fuels, has announced the closing of its acquisition of its largest single investment in the U.S. to date.