Business Management Source Energy buys RWR Trucking March 14, 2024 Source Energy Services has announced its acquisition of Camrose, Alta.-based RWR Trucking’s sand trucking business. It runs 27 tractors and 52 trailers, specializing in transporting contaminated soil for the oil…
Business Management TFI International adds LTL muscle with Hercules acquisition March 11, 2024 TFI International has purchased Hercules Forwarding, an LTL carrier focused on intra-U.S. and U.S. to Canada freight. The company was founded in 1985, has a U.S. headquarters in Vernon, Calif.,…
Equipment Warehouse on Wheels buys BenLea Leasing March 8, 2024 The recently renamed Warehouse on Wheels (WOW), formerly American Trailer Rental Group, has expanded its Canadian presence with the acquisition of BenLea Leasing in Cambridge, Ont. It marks WOW’s 21st…
Technology Bendix sells SafetyDirect to Rand McNally March 7, 2024 Bendix has divested its SafetyDirect System business to Rand McNally, and has taken an equity stake in the company. Included in the transaction are the SafetyDirect connectivity product line, portal…
Business Management Evans Wholesale purchases Harold North Trucking February 26, 2024 Chatham, Ont.-based Evans Wholesale has announced its acquisition of Harold North Trucking. Harold North was founded in 1972 and has been run for the last 25 years by brothers Tim…
Business Management Opportunistic Mullen Group sees chance to add LTL density February 15, 2024 Mullen Group’s Q4 revenue edged down less than 1% year over year to $498.6 million, as incremental revenue from acquisitions helped offset lower fuel surcharge revenue and soft freight and…
Technology Clarience Technologies buys Safe Fleet February 15, 2024 Clarience Technologies has announced its acquisition of Safe Fleet, the company’s fifth acquisition in the past three years. The company says the deal expands its safety technology portfolio and broadens…
Business Management Stars aligning for a busy year in M&A: Tenney Group January 19, 2024 Rapidly deteriorating market conditions last year put the brakes on many mergers and acquisitions, but valuations are normalizing, paving the way for more activity this year. Speaking on a Truckload…
Business Management Mullen Group signs LOI to acquire ContainerWorld January 17, 2024 Mullen Group has announced its intent to purchase Richmond, B.C.-based ContainerWorld Forwarding Services. Mullen has signed a letter of intent and has initiated due diligence to purchase the company, which…
Business Management Metro Supply Chain buys SCI Group from Canada Post, Purolator January 9, 2024 Canada Post and Purolator have agreed to sell their third-party logistics firm SCI Group to Montreal-based Metro Supply Chain. Canada Post says the move comes as it transforms to better…
Business Management TFI International to acquire Daseke for US$1.1 billion December 22, 2023 TFI International has announced plans to acquire U.S. publicly traded flatbed and specialized transport firm Daseke for US$8.30 per share in an all-cash transaction and deal valued at US$1.1 billion.
Business Management Dealmakers expect M&A to ramp up in ’24, even in ‘uncertain’ environment December 21, 2023 When Charles Dickens wrote in A Tale of Two Cities, “It was the best of times, it was the worst of times,” he could’ve been writing about the last two…
Equipment Sentinel Partners purchases High Bar Brands December 20, 2023 High Bar Brands (HBB), which owns Minimizer, Premier Manufacturing, Dieter’s Accessories, Panelite and Viking Sales, has been purchased by Sentinel Capital Partners. The deal closed Dec. 19. High Bar supplies…
Business Management Canada Cartage to acquire GTI Group, expand into U.S. November 29, 2023 Canada Cartage has acquired Montreal-based GTI Group, moving into the U.S. market and potentially becoming a $1-billion revenue company. GTI provides brokerage, transportation management, freight forwarding, drayage, intermodal, warehousing and…
Technology Bestpass buys Fleetworthy Solutions November 28, 2023 Toll management company Bestpass has acquired Fleetworthy Solutions, giving it the ability to provide fleet safety, compliance and risk management offerings. Bestpass says the acquisitions, already completed, will allow it…