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Mergers & Acquisitions

Safe Fleet to Acquire American Van Equipment

Safe Fleet, a provider of safety and productivity solutions for fleet vehicles, has entered into an agreement to acquire van equipment manufacturer American Van Equipment.

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Velocity Truck Centers Acquires Sierra Freightliner

Velocity Truck Centers, a commercial vehicle dealership group in the Southwest, has acquired Sierra Freightliner Sterling Western Star, extending the company’s reach in Nevada.

American Traffic Solutions Parent Acquires Toll Management Company

The corporate parent of toll management fleet services provider American Traffic Solutions (ATS) has acquired a Miami-based toll collection company and a European traffic fee company, according to a release.

Inland Truck Parts Acquires 2 New Businesses

Inland Truck Parts & Service (ITP) announced its addition of two Texas businesses to its footprint of stores. The new stores will allow the company to better meet the repair and equipment needs of truck owners in the southwest region.

Icahn Selling Federal-Mogul to Tenneco

Icahn Enterprises L.P., the parent company of Icahn Automotive Group LLC, is selling auto parts maker Federal-Mogul LLC to Tenneco Inc. for $5.4 billion. Tenneco plans to split Federal-Mogul into two entities.

Ryder Acquisition Adds Last-Mile Delivery, E-Commerce Fulfillment Capabilities

Ryder System has acquired e-commerce fulfillment provider MXD Group, including the company's network of facilities and last mile capabilities.

Wastequip Acquisition by H.I.G. Capital Closes, Chairman Named

Wastequip, a North American manufacturer of waste handling equipment, announced the close of its acquisition by an affiliate of H.I.G. Capital, LLC, a global private equity investment firm. As part of the deal, which was originally announced in early February, Wastequip has appointed Andreas Gruson as chairman of its board of directors.

FleetPride Acquires Truck Parts & Equipment

FleetPride, Inc. has acquired Truck Parts & Equipment, Inc. from the TP&E Employee Stock Ownership Plan.

Witchita Inland Truck Absorbs Fleet Maintenance Employees

Inland Truck Parts & Service of Wichita, Kan., recently stepped in to offer help when nearby Wichita-based Fleet Maintenance, Inc. was destroyed in a fire.

H.I.G. Capital Acquires Wastequip

Wastequip, a North American manufacturer of waste equipment, announced it has signed a definitive agreement to be acquired by H.I.G. Capital, LLC, a global private equity investment firm. Wastequip has been owned by Centerbridge Partners, L.P. since 2012.