Business Management Edward Fuels joins McDougall Energy June 29, 2020 SAULT STE. MARIE, Ont. – McDougall Energy has acquired Edward Fuels and its associated companies, including Manitoulin Fuels and Petroline Petroleums. The new divisions will operate under their existing names…
Business Management TFI picks up Comcar’s MCT Transportation June 29, 2020 MONTREAL, Que. – TFI International has purchased the assets of MCT Transportation, a refrigerated and dry van subsidiary of Comcar Industries. TFI paid US$9.6 million for the assets, including accounts…
Business Management Aevitas buys Fast Lane Freight Services June 16, 2020 WINNIPEG, Man. – Fast Lane Freight Services has been acquired by Aevitas, an environmental services company with 10 locations in the U.S. and Canada. The deal closed June 1. Fast…
Business Management TFI International buys Gusgo Transport June 12, 2020 MONTREAL, Que. – Canada’s largest trucking company just got bigger. TFI International has announced an agreement to acquire Gusgo Transport, a container and storage company with operations in Vaughan,…
Transportation Covid-19 shuffles M&A landscape June 10, 2020 TORONTO, Ont. — The Covid-19 crisis has put many trucking companies on the ropes, while also creating a new set of well-liquidated first-time buyers. Because the pandemic has hit certain…
Business Management Wellington Group expands into U.S. market March 16, 2020 GUELPH, Ont. – A fast-growing Ontario freight hauler has expanded into the U.S. and says it isn’t yet done expanding. Wellington Group of Companies recently announced the acquisition of Hudson,…
Business Management C.A.T. buys Penner International February 3, 2020 COTEAU-DU-LAC, Que. – C.A.T. has announced its purchase of 300-plus truck fleet Penner International. C.A.T. says the move will contribute to its continued development of its business in Western Canada.
Business Management Morneau Eskimo makes Ontario acquisition December 19, 2019 TORONTO, Ont. – Morneau Eskimo has announced it has acquired Toronto, Ont.-based Beacon Transit Lines, which is being renamed Beacon Transport. The deal became effective Dec. 19. Morneau Eskimo is…
Equipment TIP gets green light to buy Trailer Wizards November 20, 2019 TORONTO, Ont. – TIP Trailer Services has announced its acquisition of Trailer Wizards has received a no-action letter from Competition Bureau Canada, allowing the deal to proceed. The deal, struck…
Equipment XL buys Quantum Fuel’s EV division October 15, 2019 BOSTON, Mass. – XL has announced its acquisition of Quantum Fuel’s electrification division, and the hiring of a new CEO. As part of the transaction, XL adds Quantum Fuel System’s…
Business Management Kriska buys Trailwood Transport, Nexus October 2, 2019 PRESCOTT, Ont. – Kriska Transportation Group (KTG) has acquired Trailwood Transport and Nexus Freight, both operating out of Alliston, Ont. The two fleets will continue to be led by general…
Transportation GTI expands in U.S. May 13, 2019 MONTREAL, Que. – GTI Transport Solutions has announced its expansion in the U.S., through the acquisition of Jetco. Jetco is based in Houston, Texas and specializes in flatbed, heavy-haul, intermodal,…
Equipment Allison makes pair of electric vehicle technology acquisitions April 23, 2019 INDIANAPOLIS, Ind. – Allison Transmission has announced it has purchased Vantage Power and AxleTech’s electric vehicle systems division, to complement its electrification strategy. The company says both acquisitions will help…
Transportation TFI continues U.S. growth through acquisitions April 17, 2019 MONTREAL, Que. – TFI International’s U.S. last mile division, TForce Final Mile, has taken over select assets of BeavEx and its affiliates, Guardian Medical Logistics (GML), JNJW Enterprises, and USXP.
Equipment Truck-Lite acquires Lumitec April 12, 2019 FALCONER, N.Y. – Truck-Lite has announced its acquisition of Lumitec, a supplier of LED lighting for the marine industry. “Lumitec’s reputation speaks for itself as one of the most trusted lighting…
