Keyword
acquisitions
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TIP gets green light to buy Trailer Wizards
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 Sept. 4, is expected to close in January 2020, according…
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XL buys Quantum Fuel’s EV division
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 electric vehicle division engineering staff and technology assets. The company…
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Kriska buys Trailwood Transport, Nexus
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 manager Lorie Thompson and their current management teams. Former Trailwood…
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GTI expands in U.S.
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, logistics and specialized loads. GTI says the acquisition will allow…
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Allison makes pair of electric vehicle technology acquisitions
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 it advance its propulsion technology and complement its existing abilities…
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TFI continues U.S. growth through acquisitions
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. The companies were obtained through a deal approved by the…
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Truck-Lite acquires Lumitec
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 suppliers among both boat OEMs and end users,” said Brian Kupchella,…
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Day & Ross expands U.S. operations
HARTLAND, N.B. – Day & Ross has expanded its U.S. footprint with the acquisition of A&S Kinard and Buckler Transport. The acquisition makes Day & Ross one of the top 10 suppliers of dedicated services in North America, according to…
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ZF to acquire Wabco in blockbuster deal
FRIEDRICHSHAFEN, Germany – ZF has signed a definitive agreement to acquire Wabco, forming an integrated systems provider for commercial vehicle technologies with annual sales totaling about US$45 billion. The deal is valued at about US$7 billion. Wabco is a global…
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CN finalizes TransX acquisition
WINNIPEG, Man. – CN has announced it has closed its acquisition of The TransX Group of Companies. The deal was first announced on Oct. 30, 2018. “We are pleased to have concluded this important transaction that allows us to deepen…
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GTI buys Precision Specialized Division
WOODBRIDGE, Ont. – GTI Transport Solution has announced it is acquiring Precision Specialized Division, a division of Precision Truck Lines. Precision Specialized focuses on open-deck and heavy-haul transportation, which are also the specialties of GTI Transport Solution. All employees and…
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Kriska acquires Icon Transportation
PRESCOTT, Ont. – Kriska Transportation Group has announced its acquisition of Icon Transportation Logistics (ITL) out of Puslinch, Ont. The company will continue to be led by general manager Alen Delija and its current management team. “ITL is a great…
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Trimac acquires B&B/Bess Tank Lines
CALGARY, Alta. – Trimac Transportation has announced it has acquired B&B/Bess Tank Lines, a family-run bulk transportation company with roots in Quebec and Alberta. B&B was founded in 1976, and with Bess Tank Lines, operates more than 110 tractors and…
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SAF-Holland buys PressureGuard
MUSKEGON, Mich. – SAF-Holland has acquired a majority stake in trailer tire pressure management specialist, PressureGuard. The company says the acquisition adds a key element to its line, in advanced digital smart products for trailer applications. SAF-Holland now owns 51%…
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Day & Ross makes western acquisition
OKOTOKS, Alta. – Day & Ross has announced it has purchased Alberta-based Stonehammer Transport. “This acquisition in Western Canada is a significant complement to our eastern flatbed fleet, bolstering our national network to better serve our customers,” said Bill Doherty, CEO.…
