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Third-party logistics company Transplace has selected the New York-based private investment firm Greenbriar Equity Group as its new equity partner. Greenbriar acquired Transplace from an affiliate of CI Capital Partners, who joined with Transplace management in 2009 to buy the company from its original owners.
Read More →Celadon Trucking Services announced it will acquire Hyndman Transport Limited, based in Wroxeter, Ontario, Canada.
Read More →Rush Enterprises Inc. announced that its subsidiaries have acquired certain assets of Piedmont International Trucks, which operates commercial truck dealerships in North Carolina.
Read More →The asset-light and logistics service provider Roadrunner Transportation Systems says it has acquired all of the outstanding stock and the Charleston, S.C., property of Wando Trucking, a provider of intermodal transportation and related services in the Southeast.
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CRST International says its purchase of Allied's Special Products Division will create the most extensive network of specialized distribution centers in North America.
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Today, succession planning is not just about having a plan in place for your eventual retirement, or in case you unexpectedly kick the bucket. You may end up selling your company. Here are five key things to keep in mind.
Read More →Texas-based refrigerated carrier Continental Express has purchased the assets of Ohio company Ranger Refrigerated Express for an undisclosed amount.
Read More →The Timken Co. announced its acquisition of Interlube Systems Ltd., which makes and markets automated lubrication delivery systems and related components to end market sectors including commercial vehicles, construction, mining, and heavy and general industries.
Read More →AMP Holding Inc., through a newly formed subsidiary, Amp Trucks Inc., has entered into a definitive agreement to acquire the Workhorse brand, logo, IP, patents, and assembly plant from Workhorse Custom Chassis LLC, a wholly owned affiliate of Navistar International Corp.
Read More →The industry has seen a growing number of fleet acquisitions and mergers in the past few months, and many believe this is part of a growing trend. The trend of fleet acquisitions is cyclical, according to Lana Batts, managing partner with Transport Capital Partners, which helps fleets negotiate such deals. “I believe we are just at the beginning of the cycle,” Batts said.
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