Ritchie Bros. acquiring Euro Auctions in US$1B deal preview image Equipment Ritchie Bros. acquiring Euro Auctions in US$1B deal August 9, 2021 Ritchie Bros. auctioneers will acquire Euro Auctions Group in a US $1.08 billion cash deal, establishing a key foothold for markets in Europe, the Middle East, and Africa. Euro Auctions,…
Rush Canada buys Maxim’s Mississauga business preview image Transportation Rush Canada buys Maxim’s Mississauga business August 5, 2021 Rush Truck Centres of Canada on Thursday announced the acquisition of Maxim Truck & Trailer’s Mississauga, Ont.-based full-service lease and rental business. This acquisition includes 127 trucks and 20 trailers…
Bridgestone acquires Azuga fleet management platform preview image Transportation Bridgestone acquires Azuga fleet management platform August 3, 2021 Bridgestone Americas is purchasing Azuga Holdings and the company’s fleet management platform for US $391 million. The deal, approved by the board of directors for each business, is expected to…
Trimac acquires Zengistics freight brokerage preview image Transportation Trimac acquires Zengistics freight brokerage July 28, 2021 Trimac Transportation is acquiring Zengistics, a non-asset-based freight brokerage that supports activities with the Turvo supply chain management platform. It’s Trimac’s third acquisition in three months, but also represents the…
TFI focusing on ‘freight that fits’ former UPS Freight biz preview image Transportation TFI focusing on ‘freight that fits’ former UPS Freight biz July 27, 2021 TFI International says its recently acquired UPS Freight business is already outperforming expectations, but work is still needed to ensure the now-named TForce Freight delivers consistent and profitable results. That…
E-Road makes telematics acquisition preview image Mobile and IT E-Road makes telematics acquisition July 14, 2021 E-Road has acquired New Zealand-based telematics supplier Coretex, which it says will boost its market presence in North America and other global markets. The company says the acquisition will help…
Trimac acquires California cement hauler preview image Business Management Trimac acquires California cement hauler July 13, 2021 Trimac has purchased Double Eagle Transportation, a California cement hauler with 96 tractors and 124 dry bulk pneumatic trailers. In addition to cement, it hauls fly ash, gypsum, lime/limestone, and…
Descartes acquires Green Mile in $30-million deal preview image Technology Descartes acquires Green Mile in $30-million deal July 8, 2021 Descartes Systems Group of Waterloo, Ont., has acquired Green Mile – a cloud-based system that guides final mile deliveries for the food and beverage sector and other industries. The deal,…
Crevier Group sells fuel division to Parkland preview image Transportation Crevier Group sells fuel division to Parkland July 6, 2021 Crevier Group, a family-owned company and distributor of energy and lubricants, announced Tuesday the signing of an agreement to sell its fuel division, Petroles Crevier, to Parkland Corporation. Parkland, a…
Traton Group closes Navistar acquisition preview image Equipment Traton Group closes Navistar acquisition July 5, 2021 The Traton Group has completed its acquisition of Navistar. “Today is a sensational day for the Traton Group and for our new colleagues at Navistar joining the global Traton family,”…
Mullen Group buys ‘formidable competitor’ R.S. Harris preview image Business Management Mullen Group buys ‘formidable competitor’ R.S. Harris July 5, 2021 Mullen Group announced it has purchased open deck hauler R.S. Harris Transport of Winnipeg, Man. The deal closed July 1 and gives Mullen an additional $25 million in annualized revenue.
Mullen Group enters U.S. market with 3PL acquisition preview image Business Management Mullen Group enters U.S. market with 3PL acquisition June 30, 2021 Mullen Group has broken into the U.S. market with its acquisition of third-party logistics provider QuadExpress. Mullen purchased the Naperville, Ill.-based company for US$40 million. “Today’s announcement is significant to…
Mullen closes APPS, Tri Point Intermodal acquisitions preview image Business Management Mullen closes APPS, Tri Point Intermodal acquisitions June 24, 2021 Mullen Group has closed the acquisitions of APPS Cartage and APPS Cargo Terminals, as well as Tri Point Intermodal Services. The companies will contribute more than $100 million in annual…
Goodyear finalizes Cooper Tire acquisition preview image Equipment Goodyear finalizes Cooper Tire acquisition June 7, 2021 Goodyear has completed its acquisition of Cooper Tire, finalizing a merger agreement reached Feb. 22. The company says the move will provide customers with more options, and will strengthen its…
Solera Holdings buys Omnitracs preview image Equipment Solera Holdings buys Omnitracs May 17, 2021 Solera Holdings, a risk and management data and software supplier, has agreed to buy Omnitracs. Solera says the acquisition allows it to offer a unified platform offering safety, productivity and…
