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Mergers & Acquisitions

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.

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Hexagon to Fully Acquire Agility Fuel Solutions

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 Acquires McKenzie Tank Lines

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.

Spireon Sold to N.Y. Private Equity Firm

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.

Stertil-Koni Expands Distributor Network

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.