Mergers & Acquisitions: Page 2

How to decide if private equity makes sense for your business

Private equity (PE) isn’t new to the trucking space or economy at large. But as specific investment type, PE is a sector on the rise. it’s also a sector that, over the last decade, has taken a keen interest in trucking.

August 7, 2024

Book on private equity on table

Trane, Thermo King complete acquisition of Klinge

"We look forward to working together with the talented Klinge team to accelerate growth, create new value for our respective customers and, above all, ensure communities around the world receive important goods safely and efficiently."

August 7, 2024

A refrigerated shipping container from Klinge

CVG sells cab structures business to Volvo

Commercial Vehicle Group has reached an agreement to sell its Cab Structures business with operations in Kings Mountain, North Carolina to a Volvo Group company, effective July 31, 2024.

August 1, 2024

Volvo VNL on the highway

Mergers & Acquisitions

Lincoln Electric acquires Vanair

Lincoln Electric Holdings has acquired Vanair Manufacturing, a privately held, Michigan City, Ind.-based, manufacturer of mobile power solutions serving the U.S. service truck market.

July 31, 2024

Lincoln Electric has acquired Vanair

FleetPulse announces new funding partner

Trailer telematics business FleetPulse has announced additional funding from NFI Ventures, a venture capital group run by NFI.

July 31, 2024

FleetPulse's trailer telematics platform

Mergers & Acquisitions

Market moves: Transaction pace slows as summer heats up

Industry transaction pace slowed dramatically in the dealer, aftermarket and supplier sectors in July. Last month's uptick in announcements was not a harbinger of a busy summer — at least not yet.

July 31, 2024

Mergers and acquisitions roundup

Mergers & Acquisitions

Shyft Group acquires Midwestern upfit company

The Shyft Group has acquired Independent Truck Upfitters (ITU), a leading service body and work truck upfitter based in the Midwest.

July 25, 2024

Mergers & Acquisitions

Kriete Truck Centers acquires new Wisconsin operation

Kriete Truck Centers has acquired La Crosse Truck Center in La Crosse, Wis. This acquisition authorizes Kriete to sell and service Mack trucks in both La Crosse and Mauston and Isuzu trucks in La Crosse.

July 16, 2024

Kriete Group location with trucks in front

Mergers & Acquisitions

Ryder expands retail maintenance business through acquisition

Ryder System has entered into a definitive agreement to acquire Pit Stop Fleet Service, enabling the expansion and further strengthening of Ryder’s Torque by Ryder retail mobile maintenance business offering.

July 15, 2024

Torque by Ryder image

Step 5 in selling your dealership

In this article, we explore the intricacies of the LOI, emphasizing its significance, the binding elements within, and the strategic process of selecting the best overall buyer to achieve your unique goals.

July 1, 2024

Letter of intent for business transaction image

Mergers & Acquisitions

Market moves: Transaction activity rises in busy month

An uptick in investment-related transactions that started in May continued in the dealer, aftermarket and supplier sectors in June.

June 30, 2024

Mergers & Acquisitions Roundup

Mergers & Acquisitions

TruckPro buys Canadian Transaxle business

This acquisition significantly expands Crane Carrier Canada's operations in the Toronto area, Canada's largest transportation market, and greatly enhances TruckPro's presence in Canada, overall, the company says.

June 25, 2024

Mergers & Acquisitions

Transtex acquires APU manufacturer DClimate

"We firmly believe that DClimate's APUs have the potential to become the industry standard. Their team's advanced engineering expertise aligns with ours, enhancing our product line with innovative solutions to further optimize our customers' operations."

June 12, 2024

Mergers & Acquisitions

The Service Company announces acquisition

The Service Company has acquired Brake Spring Alignment (BSA) of Ohio, expanding its independent parts and service operation.

June 11, 2024

Mergers & Acquisitions

Premier Truck Group expands with Midwestern acquisition

Premier Truck Group has acquired River States Truck and Trailer, headquartered in La Crosse, Wis. The acquisition is expected to add $200 million of estimated annualized revenue for Premier Truck Group, the company says.

June 11, 2024

Premier Truck Group location

Mergers & Acquisitions

DuraBrake announces investor

Tiger Lily Holdings makes significant investment in DuraBrake to support the company's future growth and transformation.

June 4, 2024

Dura Brake Tk R1 01 E1605548836581

Mergers & Acquisitions

Westport, Volvo announce closing of joint venture transaction

"The successful closing of the joint venture represents an important milestone for Westport and a true endorsement of our HPDI technology and fuel system."

June 4, 2024

Mergers & Acquisitions

Accelera, Daimler, Paccar complete battery joint venture transaction

Amplify Cell Technologies is the name of the new joint venture and Kel Kearns is the CEO.

June 4, 2024

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A man with no face in a dark hoodie stands in front of a dark background with neon lights.

Help your business from cyberattacks with insurance

A good insurance policy can help protect a dealership or other heavy-duty business against the fallout from a cyberattack.

Row of trucks parked in a lot

Why are new truck inventories approaching record highs?

California truck driving by a farm

ATA suggests engine makers ditch Clean Truck Partnership

Steve Tam with ACT Research

Used market turnaround could be imminent

13 Step Plan To Boost Tech Efficiency from Fullbay

13 Step Plan To Boost Tech Efficiency from Fullbay

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.

Used Truck Guide Cover

13 Step Plan To Boost Tech Efficiency

Download the free guide now and implement all 13 steps in your shop today.