Acquisitions

Business, Logistics

XPO’s Europe Unit Sale Said to Slow as Blackstone Drops Out

XPO Logistics tractors and trailers sit at a distribution point in San Francisco bay in July 2019. Andrei Stanescu/Getty Images

XPO Logistics Inc.’s sale of its European supply chain business has slowed after a key bidder dropped out of the process, people with knowledge of the matter said.

November 23, 2020
Business, Technology

Descartes Bolsters Final-Mile Capabilities With ShipTrack Acquisition

Descartes/ShipTrack shiptrackapp.com

Transportation software firm Descartes Systems Group has purchased ShipTrack, a provider of shipment tracking technology for final-mile carriers, for about $19 million.

Seth Clevenger | Managing Editor, Features
November 9, 2020
Business, Top 100

Kenan Advantage Group Acquires Canadian Firm Beaulac

Kenan Advantage Group tanker trailer on truck Kenan Advantage Group

Kenan Advantage Group has completed the acquisition of Les Distributions Carl Beaulac Inc., the company announced Sept. 18.

September 18, 2020
Business, Logistics, Top 100

Canadian Carrier Fastfrate Group Acquires Bestway

Fastfrate containers A Canadian Pacific train hauls Fastfrate containers. (Fastfrate)

Less-than-truckload and logistics company Fastfrate Group has acquired cross-border carrier Bestway Cartage Limited and Bestway Global Limited, Fastfrate announced Aug. 10.

Dan Ronan | Associate News Editor
August 10, 2020
Business, Logistics

Regency Transportation Acquires S&M Transport

Regency Transportation & Distribution trucks Regency Transportation & Distribution trucks. Company President Ed Rodricks said, "We’ve been trying to grow our footprint in New Jersey for some time.” S&M Transport is located in Edison, N.J. (Regency Transportation & Distribution)

Regency Transportation & Distribution has acquired the assets of S&M Transport of Edison, N.J., the company announced April 13.

Connor D. Wolf | Staff Reporter
April 13, 2020
Business, Technology, Logistics

Odyssey Logistics & Technology Acquires RPM Consolidated Services

Odyssey Logistics & Technology Corp. acquired full-service logistics and warehousing provider RPM Consolidated Services Inc., the Danbury, Conn.-based company announced Jan. 30.

January 31, 2020
Business, Logistics

Trucking Sees Rise in Acquisitions

Shaking hands The economic environment is ripe for smaller carriers looking to sell. (Getty Images)

The trucking industry has experienced a robust acquisitions market over the past year that shows no signs of stopping.

Connor D. Wolf | Staff Reporter
January 30, 2020
Business, Logistics

Mark-It Express Logistics Acquires Spirit Trucking

Mark-It Express Logistics Chicago-based Mark-It Express was founded in 2009 and offers intermodal trucking and freight brokerage services. (Dennis Jourdan Photography)

Mark-It Express Logistics is expanding operations with the acquisition of the operating assets of Spirit Trucking Co., the company announced Jan. 17.

Connor D. Wolf | Staff Reporter
January 21, 2020
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

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