Mergers & Acquisitions

K. Neal Truck and Bus acquires Virginia location

“We would like to thank the Powell Family for building this company over the last 60 years with an incredible team of talented individuals, strong OEM relationships, and best-in-class customer experience,” says Korey Neal Sr.

October 2, 2023

Transaction pace slowed dramatically in September

After one of the busiest transaction months in recent years in August, September saw very few purchases in the supplier, dealer and aftermarket spaces.

September 29, 2023

Mergers and acquisitions roundup

Inland Truck opens third Montana location

"Moving into Belgrade and then quickly adding driveline services to our offering should allow us to deliver a great value to the heavy-duty trucking industry here in Belgrade," says manager Don Linder.

September 27, 2023

A metal building with a sign that reads, 'ITP Inland Trucks Parts & Service' with three pickups parked in front.

Mergers & Acquisitions

Utility dealer rebrands after acquisition, expansion

The former Utility Trailer Sales Company of Georgia has announced a rebrand as Southeast Utility Trailer following an acquisition that sees the dealer expand its footprint into three new states.

September 10, 2023

New product releases

STS trailer, truck and equipment acquires Truck & Trailer Sales

Truck & Trailer Sales is based in Selinsgrove, Pennsylvania, and was founded in 1980 by Harold and Shirley Terry.

September 6, 2023

Mergers & Acquisitions

Industry acquisition pace picks up in August

Several manufacturers ratcheted up their expansion plans with acquisition announcements in August. Aftermarket and dealer operations weren't quite as active though one national chain announced two purchases a large dealer sale went through.

August 31, 2023

Mergers and acquisitions roundup

Mergers & Acquisitions

Clarios acquires battery business unit from Paragon

Clarios' new acquisition leverages Paragon's OE customer relationships as the battery manufacturer looks to build out its low-voltage and lithium ion battery architectures.

August 30, 2023

Clarios Li-Ion battery

Mergers & Acquisitions

FleetPride makes another acquisition

FleetPride has acquired the assets of Knowles On Site Repair. The company says this strategic move reinforces FleetPride's commitment to expanding its service capabilities and market reach.

August 29, 2023

Knowles purchased by FleetPride

Mergers & Acquisitions

Safe Fleet acquires rolling tarp provider

Safe Fleet has extended its tarp system capabilities with the acquisition of Merlot Vango Tarping Solutions, an industry-leading provider of rolling tarpaulin systems for flatbed and platform trailers.

August 18, 2023

Mergers & Acquisitions

East Manufacturing sold to Fultra

“We are thrilled to welcome East Manufacturing to the family,” says Jorge Martinez, CEO of Fultra. “East really fits with our vision to be the trusted solutions partner for the commercial vehicle market in North America.”

August 16, 2023

Mergers & Acquisitions

ConMet expands eMobility operation through acquisition

"This marks a significant milestone for ConMet as we expand our eMobility business and embark on a journey of exciting product development opportunities," says ConMet President John Waters.

August 15, 2023

ConMet's new Netherlands acquisition

Mergers & Acquisitions

FleetPride adds business in Washington

"Integrity Fleet Services brings truck and trailer service expertise and great talent to our organization," says Mike Harris, FleetPride president of parts and service. "We are excited to welcome Glen and the entire Integrity Fleet Services team."

August 15, 2023

FleetPride acquires Integrity Fleet Services

Mergers & Acquisitions

Cox Automotive acquires Corcoran's Mobile Services

"Our purchase of Corcoran's Mobile Services reinforces our promise to show up as the Trusted Partner for our customers," says Ted Coltrain, Cox Automotive Mobility's vice president of operations.

August 9, 2023

Mergers & Acquisitions

High Bar Brands announces acquisition to expand product portfolio

“We are highly selective when it comes to adding brands to our iconic portfolio, ensuring these brands align with our strategic goals of delivering high-quality parts through our extensive distribution network,” says Christopher Thorpe, High Bar Brands.

August 8, 2023

Dieter's building exterior

Mergers & Acquisitions

RWC acquires Kyrish Truck Centers

"A lot of things changed as I look to the future. After carefully considering these changes in our industry, it became clear this was the right time to transition ownership of KTC," says Duane Kyrish.

August 7, 2023

Mergers & Acquisitions

Market moves: Aftermarket supplier transactions among industry's biggest in July

Summer continues to see a slowdown in transactions across the dealer, aftermarket and supplier sectors. July saw more movement than June but was still well below the pace seen in January and some spring months.

July 31, 2023

Mergers and acquisitions roundup

Mergers & Acquisitions

M&D has acquired Seidel Diesel Group

“We’re very privileged to partner with the Seidel team. Ben and the Seidel Family have built a market-leading company with industry-best team members,” says M&D CEO Grant Garrett.

July 17, 2023

Mergers & Acquisitions

Penske Truck Leasing completes Star Truck Rentals, Kris-Way Truck Leasing acquisition

The pair of acquisitions increases Penske's fleet by nearly 3,000 trucks and adds 25 locations in Michigan, Indiana, Maine and New Hampshire.

July 14, 2023

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Nikola Hydrogen Fuel Cell Commercial Launch

Nikola formally launches Class 8 hydrogen fuel cell tractor

“As we head into the fourth quarter, we are focused on delivering our trucks at scale and securing our position as pioneers in the hydrogen refueling ecosystem to support our customers,” says Steve Girsky, Nikola president and CEO.

North Catholic students participating in the Rosedale program

Industry involvement remains key to solving tech shortage

2011 WorkStar with EGR-only engine

Settlement reached in Canadian Navistar MaxxForce engine class action

Line of trucks on a summer day

'Uncharacteristically large' boost to used truck sales in August

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Download the Trailer Inspection Form from Fullbay

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