John G Smith

John G. Smith is Newcom Media's vice-president - editorial, and the editorial director of its trucking publications -- including Today's Trucking, trucknews.com, and Transport Routier. The award-winning journalist has covered the trucking industry since 1995.

Avatar photo

Federal Signal acquiring TBEI

OAK BROOKS, IL - Federal Signal Corporation is acquiring Truck Bodies and Equipment International (TBEI) - a maker of dump truck bodies and trailers -- for US $270 million. TBEI runs five manufacturing facilities through the U.S., and in the year ending March 31 it generated US $206 million in revenue. The purchase price represents 7.2 times TBEI's earnings before interest, taxes, depreciation and amortization for the same year. The deal strengthens Federal Signal's position as a specialty vehicle manufacturer in maintenance and infrastructure markets, according to an announcement about the deal. It adds to the company's existing expertise in chassis-based vehicles.

Polaris buys JG Drapeau and Commercial Warehousing

TORONTO, ON - Polaris Transportation Group has purchased Toronto-based JG Drapeau and Commercial Warehousing, marking its third corporate acquisition. Terms of the deal were not disclosed. Drapeau and Commercial Warehousing will continue to be led by the existing management team including Margaret Hogg, who remains general manager. JG Drapeau offers truckload and Less than Truckload services, including hazardous materials, food products, temperature-controlled freight and container drayage throughout North America.