Transportation Acquisition News Updates

Performance Food Group has attracted takeover interest from US Foods, a potential deal that would create a food distribution company with combined sales of roughly $100 billion.

Unilever sold its Venezuelan ice cream business to truck dealer Mack de Venezuela, as a renewed bout of high inflation and political uncertainty hits the Andean nation’s private sector.

Ferrero International agreed to acquire WK Kellogg for an enterprise value of $3.1 billion, pushing the Italian family-owned candy business further into the lucrative U.S. market.

Fresh off its $1.78 billion acquisition of an inspection technology firm, Wabtec said July 7 that it is buying Austrian wheel sensor maker Frauscher Sensor Technology Group.

The purchase of Milton Transportation and BTR will add 40 trucks, 300 trailers, two maintenance facilities and a body and alignment shop to the Watsontown Trucking portfolio.

QXO won’t raise its $5 billion offer for building products distributor GMS after Home Depot reportedly made its own bid.

Home Depot has made an offer for GMS, potentially setting off a bidding war with QXO, which this week made a $5 billion offer for the building products distributor.

The sale of the properties follows the disposal of seven facilities via private sale in May as the administrators attempt to unload as many terminals as possible.

Keyera agreed to buy Plains All American Pipeline’s Canadian natural gas liquids business and some U.S. assets for C$5.15 billion, bulking up its pipeline system around the country.

Montway Auto Transport CEO Tom Gartland discusses the company's acquisition of luxury car broker Angels Moving Autos and his leadership philosophy.