Truck News

M & A Management

  • Bess Tank Lines buys Cooney’s Farm Services

    May 6, 2014 12:49PM by Truck News

    CALGARY, Alta. — has learned Bess Tank Lines has purchased High River, Alta.-based Cooney’s Farm Services.

  • Contrans sells off waste collection subsidiaries

    April 28, 2014 10:10AM by Truck News

    WOODSTOCK, Ont. — Contrans Group has announced it is selling its waste collection businesses to GFL Environmental.

  • B.J. Bear bought by American refuse company

    April 23, 2014 8:14AM by Truck News

    KITCHENER, Ont. — B.J. Bear Grain Co. has been purchased by Custom Ecology, a US-based waste hauler that was looking to expand its Canadian presence.

  • RTL-Westcan buys Silverman Oilfield Services

    April 21, 2014 11:07AM by Truck News

    NEILBURG, Sask. — RTL-Westcan, itself acquired late last year by Kenan Advantage Group, has announced the purchase of Silverman Oilfield Services.

  • Taking Care of Business: Borrowing for profit

    March 12, 2014 7:41PM by Truck News

    If you are a CEO, business owner or executive looking to sell your company, your potential buyer group will most likely include private equity firms. To gauge the potential interest level of private equity firms, you should develop an…

  • ITS buys David Cordingley Transport

    February 18, 2014 7:03AM by Truck News

    BELLEVILLE, Ont. — International Truckload Services (ITS) has purchased Brantford, Ont.-based David Cordingley Transport (DCT).


    February 18, 2014 12:00AM by Truck News

    The biggest news of the past couple weeks was undoubtedly Verspeeten Cartage’s acquisition of Moe’s Transport. This was an ambitious move by Verspeeten. Think about this for a second: Verspeeten, the buyer, runs about 280 tractors…


    February 18, 2014 12:00AM by Truck News

    International Truckload Services (ITS) is growing again, having acquired David Cordingley Transport (DCT). Two years ago, at around this time, ITS bought CSI Logistics. I deconstructed that deal in this piece, Anatomy of an Acquisition. CSI…


    February 18, 2014 12:00AM by Truck News

    In the March issue of Truck News, look for a report on how a rapidly depreciating Loonie is impacting various aspects of trucking. In the article, I explored how the Loonie’s descent affects: drivers and owner/operators; carrier revenue;…

  • Bottom Line: It depends

    February 14, 2014 10:32AM by Truck News

    It’s like clockwork. Whenever someone calls me about selling their company, they respond to my spiel with the exact same question: “What’s my business worth?”

  • M&A Insights: Backlog of deals could set stage for busy 2014

    January 30, 2014 12:43PM by Truck News

    We all had high expectations for 2013. A favourable lending environment, deep piles of private equity “dry powder” sitting on the side lines ready to invest and US tax issues seemingly put to rest set up an environment ripe for…

  • Verspeeten Cartage buys Moe’s

    January 24, 2014 4:34PM by Truck News

    INGERSOLL, Ont. — has learned that automotive trucking company Verspeeten Cartage has purchased Moe’s Transport.


    January 7, 2014 12:00AM by Truck News

    The last time I wrote, on Christmas Eve, you may recall TransForce had submitted a “superior offer” for Vitran’s Canadian LTL operations of US$6.50/share, threatening to derail Manitoulin’s initial agreement to acquire…

  • UPDATED: Manitoulin steps aside, TransForce wins Vitran deal

    December 30, 2013 7:34AM by Truck News

    TORONTO, Ont. — Vitran Corp. has terminated its agreement with Manitoulin Transport and will instead be acquired by TransForce.


    December 24, 2013 12:00AM by Truck News

    In addition to endeavouring to be first with the biggest news on, we also aim to delve beyond the press releases and provide some insight you won’t find elsewhere. This is particularly true of M&A activity, which is such…