Shareholders of heavy equipment auctioneer Ritchie Bros. approved the company’s plan to acquire vehicle-seller IAA Inc., ending a battle to block the $6 billion deal.
March 14, 2023BusinessTechnologyLogistics
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, 2023BusinessEquipment
Truck Supply Co. of South Carolina Acquires Tractor Trailer Supply
Truck Supply Co. of South Carolina announced its expansion into the St. Louis market with its purchase of Tractor Trailer Supply.
November 30, 2022BusinessLogistics
Trucking M&A Activity Heads Toward Year-End Boost
The trucking and logistics industries could be headed for another year-end boost in merger and acquisition activity.
November 21, 2022BusinessTechnology
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, 2022BusinessTechnologyLogistics
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, 2022BusinessLogistics
Platinum Considers $1 Billion Canadian Logistics Firm Sale
U.S. private equity firm Platinum Equity is considering a sale of logistics firm Livingston International amid growing investor appetite in the sector, according to people familiar with the matter.
September 1, 2022BusinessLogisticsTop 100
KLLM Transport Services Acquires Quest Global
Temperature-controlled truckload carrier KLLM Transport Services has acquired refrigerated transporter Quest Global Inc., the companies announced July 14.
July 15, 2022BusinessLogistics
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, 2022