Business, Logistics

Mountain Valley Express Sold to International Buyer

Mountain Valley Express Mountain Valley Express via YouTube

Mountain Valley Express, a California-based carrier, has been sold to an unidentified international buyer, according to its agent, Affinity Ventures.

November 18, 2019
Business, Fuel

Energy Transfer Is Back to Dealmaking With SemGroup Buy

Pipelines in Oklahoma Pipelines run near oil storage tanks at the Enbridge Inc. Cushing storage terminal in Cushing, Okla., in 2015. (Daniel Acker/Bloomberg News)

U.S. pipeline giant Energy Transfer agreed to acquire rival operator SemGroup Corp. for about $1.35 billion in a stock and cash deal, building out billionaire Kelcy Warren’s empire even as investors demand financial discipline.

Rachel Adams-Heard | Bloomberg News
September 16, 2019
Business, Equipment

Tip to Acquire Trailer Wizards, Expand in Canada

Tip Trailer Services, a portfolio company of I Squared Capital, announced it signed an agreement to acquire Trailer Wizards, a supplier of trailer rental and leasing services in Canada.

September 10, 2019

Quest Global Acquires Dakota Moon

Quest Global acquired Dakota Moon Enterprises LLC, a Nevada-based engineering and supply chain services provider to the aerospace industry, according to a Quest news release.

July 3, 2019
Business, Fuel

HOP Energy Acquires KoscoHeritage Energy

HOP Energy, a large specialty distributor of heating oil, propane and other petroleum products, acquired KoscoHeritage Energy (KHE), according to a news release.

July 2, 2019
Business, Logistics

Management Team of PTL Buys Company From Magnate Worldwide

Premium Transportation Logistics announced its senior management team — current President Jeff Curry, Operations Manager Keith Avery and expedited transportation sales veteran, Brad Kelley — has acquired PTL from Magnate Worldwide.

July 1, 2019
Business, Fuel

Occidental Mulls Sale of Anadarko’s Western Stake

Jamie Schwaberow/Bloomberg News

Occidental Petroleum Corp. is seeking a buyer to take majority control of Western Midstream Partners LP, the pipeline operator that it’s poised to inherit through its takeover of Anadarko Petroleum Corp., according to people familiar with the matter.

June 25, 2019
Business, Logistics

Hudson Hill Forms Fusion Transport From Two Acquisitions

Hudson Hill Capital, a private investment firm, has acquired majority stakes in Global Transport Logistics Inc. and Am Trans Expedite Inc. to form Fusion Transport.

June 24, 2019
Business, Logistics

C.H. Robinson Acquires European Logistics Firm Dema Service

C.H. Robinson has acquired Italian transportation company Dema Service S.p.A., according to a news release.

June 3, 2019

M&D Distributors Expands Service Network in Texas

M&D Distributors, an independent aftermarket distributor of diesel engine parts and components, announced its asset acquisition of Diesel Testers Inc., a service dealer that provides diesel engine parts and repair services through its retail location in Odessa, Texas.

May 31, 2019