Mergers
Canada Sees Record First Quarter for M&A
A Canadian Pacific Railway locomotive pulls a train in Calgary, Alberta. (Alex Ramadan/Bloomberg News)
Mergers and acquisitions are off to their fastest start to a year ever in Canada, driven by a combination of cheap financing for buyers, high valuations for sellers and an improving economic outlook that’s encouraging companies to make major moves.
March 31, 2021Trucking Sees Rise in Acquisitions
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.
January 30, 2020GlobalTranz Acquires Utah’s Apex Logistics
Freight brokerage firm GlobalTranz Enterprises made its fourth acquisition of 2017, buying American Folk, Utah-based Apex Logistics Group for an undisclosed price.
December 11, 2017Opinion: Maximize Short-Term Value for Long-Term Gains
Recent company mergers and initial public offerings have brought the value of trucking companies to the forefront.
December 11, 2017Beacon Roofing Supply Agrees to Acquire Allied for $2.6 Billion
Beacon Roofing Supply Inc. has agreed to acquire Allied Building Products Corp., based in East Rutherford, N.J., for $2.6 billion.
August 28, 2017Two Major Deals Mark Consolidation Trend; Heartland Buys IDC, Daseke Gets Steelman Cos.
John Sommers II for Transport Topics (Interstate inset by Casey Royce/Interstate Driver)
Two major truckload carriers have announced purchases, and one of the transactions will unite companies ranked among the Transport Topics Top 100 list of the largest North American for-hire carriers: Heartland Express and Interstate Distributor Co.
July 6, 2017Heartland Buys Interstate Distributor From Saltchuk for $113 Million
Casey Royce/Interstate Distributor Driver
Heartland Express Inc. has purchased Interstate Distributor Co. from owner Saltchuk Resources Inc. in a $113 million deal that is the latest in a flurry of mergers and acquisitions in 2017.
July 6, 2017