acquisition News Updates

BusinessTop 100

New Owner of Sirva Inc. Seeks to Boost Growth for Household Goods Mover

The new owner of Sirva Inc., the nation’s second-largest household goods mover, will try to inject new life into a business that has slumped in recent years due to changing demographics and a slowdown in business relocation activity.

May 25, 2018
BusinessLogistics

Ocean Carrier CMA CGM Group to Buy 25% Stake in Ceva Logistics

Ceva Logistics is getting a major new shareholder to go along with a planned initial public stock offering of stock.

April 20, 2018
Business

IMC Cos. Adds H&M to National Drayage Network

IMC Cos. expanded its intermodal drayage operations with the purchase of H&M Terminal Transport from H&M International Transportation in Iselin, N.J.

January 3, 2018
Perspective

Opinion: Maximize Short-Term Value for Long-Term Gains

Recent company mergers and initial public offerings have brought the value of trucking companies to the forefront.

December 11, 2017
Business

Fleet Brake Agrees to Buy Pulse Heavy Duty

Fleet Brake Parts & Service announced it has entered into a binding letter of intent to acquire the assets of Pulse Heavy Duty, a parts distributor in Dartmouth, Nova Scotia.

December 4, 2017
Business

Blackstone Acquires Stake in Cloverleaf

Warehousing and distribution firms are beginning to attract more interest from investors as demand for storage space nationwide heats up and competition intensifies among smaller players.

November 28, 2017
Business

Heartland Express Profits Drop 37% After Added Expenses From IDC Acquisition

Heartland Express Inc. announced weaker-than-expected earnings in the third quarter on Oct. 27 as higher expenses related to Interstate Distributor Co. dragged results down despite higher revenue.

October 27, 2017
BusinessLogistics

FBI Group Acquires Third Canadian Freight Brokerage Firm

Freight Brokers International Corp., a freight brokerage firm in Vaughan, Ontario, that goes by the name The FBI Group, has agreed to acquire another brokerage firm, Consolidated Carriers, based in Markham, Ontario.

October 10, 2017
BusinessLogistics

TMC Workforce Expands Supply Chain Business With Purchase of Summitline Industries

TMC Workforce Solutions, a national staffing and recruiting firm based in Houston, announced it has acquired Summitline Industries in Fort Wayne, Ind., as part of an effort to expand its supply chain support business.

October 9, 2017
BusinessLogistics

C.A.T. Holding Boosts Truckload Business in Canada With Purchase of SLH Transport

Canadian American Transport Holding Inc. announced that it has acquired SLH Transport in Kingston, Ontario — a move that triples the size of its truck fleet in Canada and provides stability for employees of SLH Transport, a carrier whose owner, Sears Canada, filed for bankruptcy protection in June.

October 6, 2017