Transportation Deloitte Canada acquires Fleet Challenge November 22, 2023 Deloitte Canada is acquiring Fleet Challenge Canada, a fleet management consulting firm. This expands the company’s offerings to clients in fleet management, decarbonization, and electrification strategy industries. Fleet Challenge, founded…
Business Management 2023 is a buyer’s market in trucking M&A May 11, 2023 This has not been a banner year for the trucking industry. Economic conditions have erased the gains in tonnage and profit since the start of the pandemic. We are in…
Equipment Volvo, Isuzu form strategic alliance October 30, 2020 GOTHENBURG, Sweden — The Volvo Group and Isuzu Motors have signed binding agreements to form a strategic alliance within commercial vehicles in order to capture the opportunities in the ongoing…
Equipment Ritchie Bros. acquires U.S. data firm October 29, 2020 VANCOUVER, B.C. – Equipment auction giant Ritchie Bros. is acquiring U.S. data intelligence provider Rouse Services for US$275 million in a cash-and-stock deal, the two companies announced after market closing…
Technology Teleo Capital completes acquisition of Rand McNally October 26, 2020 CHICAGO, Ill. – The private equity firm Teleo Capital has completed its acquisition of Rand McNally, and named Joseph Roark chairman. “We are extremely excited to support the Rand McNally…
Equipment Traton reaches deal with Navistar October 16, 2020 MUNICH, Germany – Traton SE, the truck and bus division of Volkswagen AG, said Friday it has reached an agreement in principle to acquire Navistar International. Traton, which already owns…
Equipment Hyliion completes merger with Tortoise October 2, 2020 AUSTIN, Texas – Hyliion has completed its merger with the special-purpose acquisition company Tortoise Acquisition Corp, the hybrid truck powertrain maker announced late Thursday. The merger, approved by Tortoise stockholders…
Equipment LaPrairie acquires Entrec subsidiaries October 1, 2020 CALGARY, Alta. – LaPrairie Group of Companies has acquired Entrec Alberta and Capstan Hauling, the company announced Thursday. Both are divisions of bankrupt heavy equipment hauler Entrec Corp. The two…
Equipment Grant Group acquires Empire September 22, 2020 MISSISSAUGA, Ont. — The Grant Group of Companies (GGC), which specializes in the haulage of construction materials, has acquired Empire Transportation of Grimsby, Ont. The financial details were not disclosed.
Equipment KAG acquires Beaulac Transport September 21, 2020 NORTH CANTON, Ohio — The Kenan Advantage Group (KAG) has acquired Quebec-based Beaulac Transport through its Canadian subsidiary RTL Westcan, the company announced Friday. The financial details were not disclosed.
Transportation TFI acquires DLS for US$225 million September 15, 2020 MONTREAL, Que. — TFI International on Tuesday announced that it has signed a definitive agreement to acquire DLS Worldwide, a business unit of R.R. Donnelley & Sons Co. The deal,…
Transportation Navistar rejects latest Traton offer, but opens door to talks September 14, 2020 LISLE, Ill., Sept. — Navistar International has rejected a revised takeover bid from Traton SE, saying on Monday that its US$43 per share proposal significantly undervalues the company. The truck…
Transportation Traton sweetens bid for Navistar September 10, 2020 MUNICH, Germany — Traton SE, the truck and bus division of Volkswagen AG, has increased its offer for Navistar International shares to US$43 per share in cash. Traton said Thursday…
Transportation TFI acquires U.S. courier services business March 3, 2020 MONTREAL, Que. — TFI International Inc. has acquired the courier services business from R.R. Donnelley and Sons Co., TFI announced Monday. The courier business has a nationwide network of…
Equipment Groupe Hugo acquires Stargate Manufacturing February 20, 2020 Hugo St-Cyr, president of Groupe Hugo (center), with brothers Domenic and Lorenzo Zangrilli, founders of Stargate Manufacturing. QUEBEC CITY, Que. – Groupe Hugo Corp., a maker of specialized…
