Mergers & Acquisitions: Page 2

Mergers & Acquisitions
Penske to acquire Freightliner dealer group
Penske Automotive Group has entered into an agreement to acquire Kansas City Freightliner. Penske says the acquisition is expected to generate $450 million in annualized revenue.
March 4, 2021
Premier Truck Group
Mergers & Acquisitions
Velocity Truck Centers acquires Neely Coble Company
Velocity Truck Centers (VTC) has acquired Neely Coble Company — dramatically expanding its footprint across the southern United States.
March 4, 2021
Neely Coble
Mergers & Acquisitions
Commercial Vehicle Group partners with electric manufacturer
Commercial Vehicle Group (CVG) has announced a partnership with leading state-of-the-art commercial electric vehicle manufacturer Xos, Inc. to develop sustainability initiatives that champion innovation and best-in-class solutions for growing macro-trends
March 3, 2021
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Navistar approves Volkswagen buyout
Dialogue between Navistar and Volkswagen – which also operates the MAN and Scania business units in Europe and abroad – began in 2015.
March 2, 2021
Dialogue between Navistar and Volkswagen – which also operates the MAN and Scania business units in Europe and abroad – began in 2015 on opportunities to synergize and strengthen each company, culminating in Volkswagen’s investment.
Mergers & Acquisitions
Daimler, Volvo finalize terms for joint venture for commercial fuel-cell development
The joint venture will develop, produce and commercialize fuel-cell systems for use in heavy-duty trucks as the primary focus, as well as other applications.
March 1, 2021
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Mergers & Acquisitions
Dana acquires business to support e-propulsion technology efforts
The acquisition of Pi Innovo enables Dana to increase its in-house electrodynamics capabilities and electrification product portfolio by adding a strong library of turn-key electric vehicle application software, vehicle level controllers.
March 1, 2021
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Mergers & Acquisitions
Market moves: Manufacturer and supplier channel make February a busy month
February is the shortest month of the year. But that didn't stop it from being on of the busiest stretches for mergers and acquisitions in recent months.
February 25, 2021
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Mergers & Acquisitions
JX Truck Center expands Illinois coverage area
“We are proud to welcome Heartland Peterbilt and its dedicated associates to the JX family and would like to thank Diana Nuxoll and her entire team for their hard work and dedication” says JX Enterprises' Eric Jorgensen.
February 22, 2021
Peterbilt New Model 579 Exterior Copy
Mergers & Acquisitions
Peach State Truck Centers acquires Western Star franchise
The acquisition extends Peach State’s product breadth and solidifies its commitment to the central Alabama region.
February 22, 2021
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Mergers & Acquisitions
Goodyear Tire & Rubber announces big acquisition
After closing, the combined company will be headquartered in Akron, Ohio, but Goodyear expects to maintain a presence in Findlay, Ohio.
February 22, 2021
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Mergers & Acquisitions
Federal Signal completes acquisition of OSW
Federal Signal Corporation announced the completion of the acquisition of OSW Equipment and Repair for cash considerations.
February 18, 2021
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Mergers & Acquisitions
Dickinson Fleet Services continues growth trajectory
Dickinson Fleet Services says the acquisition bolsters the geographic reach of the company's nationwide fleet services, including shop service, scheduled on-site maintenance and emergency mobile repair.
February 17, 2021
Dickinson Fleet Services
Mergers & Acquisitions
Gamber-Johnson acquires Premier Mounts
Premier Mounts will become a Gamber-Johnson brand with main office functions remaining in Southern California.
February 17, 2021
(Pictured L to R): Brian Wagner, president and CEO of Gamber-Johnson; Len Dozier, owner and CEO of Premier Mounts; and Gautam Malik, chief operating officer of Gamber-Johnson.
Mergers & Acquisitions
Corcentric acquires B2B payments firm to ease supplier expenditures
Corcentric has acquired Vendorin from Juvo Technologies for a purchase price of $100 million.
February 16, 2021
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Mergers & Acquisitions
Canadian distributor acquired by investment firm
White Spruce Partners, a family office investment firm, has acquired North End Auto Spring Ltd. The acquisition is effective Feb. 8, 2021.
February 9, 2021
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Mergers & Acquisitions
iTA Truck Sales and Service acquires International dealer in Louisiana
The agreement includes the exclusive rights to sell International trucks and IC buses manufactured by Navistar.
February 9, 2021
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Mergers & Acquisitions
Market moves: Dealers groups expand coverage area through acquisitions
The first month of the new year has been a busy one for acquisitions in the dealer, aftermarket and supplier worlds. Once again, dealers were the busiest segment of the Trucks, Parts, Service audience when it came to businesses changing hands.
January 29, 2021
Mergers & acquisitions
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Service and repair
Outfitting the optimal mobile service truck
Properly outfitting a service truck is an essential step in building a viable mobile business. Sending a truck to a unit down customer for service can potentially shave hours or days off their downtime, but only if the truck and tech are prepared.
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How dealers can manage competition from customers
To help bring an end to the global chip shortage, engine and vehicle manufacturers have asked the Biden administration to focus more on addressing their needs for semiconductors.
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Manufacturers call on Biden to fix chip shortage
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Fleets desire to reduce service outsourcing in 2021
Learn how to move your used trucks faster
With unsold used inventory depreciating at a rate of more than 2% monthly, efficient inventory turnover is a must for dealers. Download this eBook to access proven strategies for selling used trucks faster.
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How to Grow & Scale Your Repair Shop
Ever thought about starting your own diesel repair shop? Fullbay’s expanded guide will show you the necessary steps to bring your new business into the world.
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