acquisition News Updates

Business, Logistics

Kenan Advantage Group Enters Dry Bulk Sector

Kenan Advantage Group bought Northern Dry Bulk for an undisclosed sum, marking its first major foray into dry bulk haulage, the top-ranked tank transporter said.

February 15, 2024
Business, Equipment, Logistics

PS Logistics Unit Expands Flatbed Division in North Carolina

PS Logistics’ Blair Logistics unit announced it has acquired the flatbed division of Kenly, N.C.-based ELS for an undisclosed sum.

January 23, 2024
Business, Fuel

Sunoco to Buy NuStar Energy for $7.3 Billion

Sunoco LP, a U.S. gas station owner, agreed to acquire pipeline and fuel storage company NuStar Energy LP for about $7.3 billion in a move to buy up more of a key part of its supply chain.

January 22, 2024
Business

Outlook Brighter for Trucking M&A Market in 2024

The trucking acquisition market is looking to enter a more active year with market conditions likely to drive buyers and sellers to the table in 2024, according to the Tenney Group.

January 19, 2024
Business, Logistics

BWT Logistics Purchases North Carolina-Based 3PL IET

BWT Logistics is set to acquire Lowell, N.C.-based third-party logistics specialist International Express Trucking for an undisclosed sum.

December 21, 2023
Business, Logistics, For-Hire

Hub Group Buys Forward Air Final-Mile Unit for $262 Million

Hub Group Inc. is set to buy the final-mile unit of Forward Air Corp. for about $262 million in cash, Oak Brook, Ill.-based Hub Group said.

December 21, 2023
Business, Private

CRH Offers to Buy Australian Adbri in $1.4 Billion Deal

Global building materials firm CRH Plc has offered to purchase Australian concrete maker Adbri Ltd. in a joint takeover proposal with Barro Group, valuing the target business at $1.4 billion.

December 18, 2023
Business, Equipment, Logistics, For-Hire

Canada Cartage Acquires GTI Group

Canada Cartage Corp. will buy GTI Group for an undisclosed sum, the company said.

December 4, 2023
Business, Technology

ConMet Buys TruckWings Creator TruckLabs

Heavy-duty commercial truck and trailer component manufacturer ConMet bought TruckLabs, whose products include the tractor-mounted TruckWings aerodynamic device, it said.

November 14, 2023
Logistics, For-Hire

Ryder to Buy Impact Fulfillment Services

Ryder System Inc. is to buy IFS Holdings, also known as Impact Fulfillment Services (IFS), for an undisclosed sum, the Miami-based company said Oct. 23.

October 24, 2023