The trucking and logistics industries could be headed for another year-end boost in merger and acquisition activity.
November 21, 2022Business, Technology, Logistics
Nova Subsidiary Harbor Logistics Acquires ATS Logistics
Middle-market infrastructure investment firm Nova Infrastructure announced that Harbor Logistics, one of Nova’s existing portfolio companies, acquired ATS Logistics Inc., a provider of transportation and warehousing services in Charleston, S.C.
January 11, 2023Business, Logistics
Trucking M&A Activity Heads Toward Year-End Boost
Business, Technology
Escalent Acquires Rhein Associates
Escalent, a data analytics and advisory firm, announced it acquired Rhein Associates and also secured a partnership with Work Truck Solutions to create a commercial vehicle and fleet research and advisory practice.
November 8, 2022Business, Technology, Logistics
Ascend Acquires Fuchs Trucking
Logistics services provider Ascend announced it acquired Fuchs Trucking, based in Sauk City, Wis., a move intended to deepen Ascend’s footprint in the upper Midwest.
November 7, 2022Business, Logistics
Ryder Gets $4.4 Billion Takeover Offer From HG Vora
Ryder System Inc. on May 13 confirmed receipt of a $4.4 billion offer to be acquired by HG Vora Capital Management, a proposal that Wall Street analysts said reflects the high value the potential buyer sees in the leasing company’s business.
May 13, 2022Business
AOI Capital Acquires RK Logistics Group
Third-party logistics company RK Logistics Group announced April 15 that it has been acquired by a group of investors led by the investment firm AOI Capital.
April 18, 2022Business, Logistics
Roberts Energy Acquires Abenaqui Carriers
Direct fuel supplier Roberts Energy and its transport division Brown Bear Transportation announced Feb. 21 the acquisition of Abenaqui Carriers.
February 25, 2022Business, Logistics
GXO Plans to Buy Clipper for About $1.3 Billion
GXO Logistics has reached agreement with Clipper Logistics on the key terms of a possible acquisition, both company boards announced Feb. 20.
February 22, 2022Business, Top 100
Kenan Advantage Group Acquires K-Limited Carrier
Kenan Advantage Group, a North Canton, Ohio-based tank truck transporter, announced Feb. 7 that it has completed its acquisition of K-Limited Carrier.
February 7, 2022Business, Equipment, Top 50, Top 100
J.B. Hunt Set to Acquire Zenith Freight Lines for $87 Million
J.B. Hunt Transport Services has entered into a definitive agreement to acquire the assets of Zenith Freight Lines for approximately $87 million.
January 31, 2022