Tracked deals
9
9 tracked deals across 2025.
Tracked deals
9
9 tracked deals across 2025.
Buyer mix
Strategic-led
8 strategic · 1 pe
Top trend
Volume peaked in 2026
12 tracked deals announced in 2026.
Buyer Snapshot
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Franchise Equity Partners (FEP) | 1 | Private investment firm focused on long-term partnerships... | PE |
| GA Telesis, LLC | 1 | Integrated aerospace solutions provider offering parts di... | Strategic |
| Geotab | 1 | Global provider of connected vehicle, telematics and flee... | Strategic |
| Gridline INC. | 1 | Provider of telematics, fleet management and data-aggrega... | Strategic |
| Petroleum Transport Co. Inc. | 1 | Common carrier specializing in transportation of petroleu... | Strategic |
| USIC | 1 | Underground utility damage prevention provider offering l... | Strategic (PE-backed) |
| Union Pacific Railroad (UP) | 1 | Major U.S. freight railroad operating across the western ... | Strategic |
| Wesco Group, LLC | 1 | Distributes paint, body, and equipment (PBE) products and... | Strategic |
| World Kinect Corporation | 1 | Global energy management and fuel supply company providin... | Strategic |
Last 8 years
Supporting Data
BNSF CEO Katie Farmer issued a statement opposing Union Pacific’s (UP) proposed merger, citing long-term competitive harms and risks of service failures. The statement responds to UP’s merger application filing with the U.S. Surface Transportation Board (STB) and says BNSF plans to continue seeking benefits through partnership and collaboration rather than the proposed merger.
Franchise Equity Partners (FEP) acquired IMO Car Wash, the largest tunnel car wash operator in the world, from Driven Brands. The transaction covers IMO’s full portfolio of 720 locations, primarily in the United Kingdom and Germany, with additional sites across nine other European countries and Australia.
World Kinect Corporation (NYSE: WKC) completed the acquisition of the Trip Support Services (TSS) division of Universal Weather and Aviation, expanding its aviation service capabilities and complementing its core fuel business. The transaction is expected to be approximately 7% accretive to adjusted EPS in year one and to deliver about $15 million of annual net cost synergies by the end of year two.
Geotab has acquired Verizon Connect's commercial operations in Australia and nine European countries, welcoming over 400 Verizon Connect employees as part of the deal. The transaction— which excludes Verizon Connect's product, engineering and other non-sales teams—expands Geotab's global footprint and strengthens its offering to small- and mid-sized fleets.
Wesco Group, LLC announced it has acquired the paint distribution business of DealerShop, Inc., a national automotive-focused group purchasing organization (GPO). The deal expands Wesco’s coast-to-coast market presence and service capabilities, while DealerShop remains positioned as a GPO dedicated to the automotive industry.
USIC has signed a definitive agreement to acquire substantially all of the public gas locating division of Heath Consultants. The deal is expected to enhance USIC’s gas locating service offerings and capabilities, including integration via USIC’s Locate360 digital platform. The transaction is expected to close by Q3 2025, subject to customary closing conditions.
Petroleum Transport Co. Inc. has acquired the fuels transportation business Pope Transport from E.J. Pope & Son. Pope Transport operates a fleet of nearly 50 tractors and 90 trailers as a common carrier serving Virginia, North Carolina, South Carolina and Georgia; Matrix Capital Markets Group advised on the sale, which marks the Pope family’s full exit from the fuels industry.
Gridline Inc. has acquired Shell's Telematics business in a transaction designed to strengthen Gridline's telematics and fleet-data capabilities and expand its customer offerings. The deal includes a non-exclusive referral agreement allowing Shell customers access to Gridline services and is intended to drive synergies across fleet management, data analytics, and sustainability initiatives.
GA Telesis, LLC has completed the acquisition of AAR CORP.'s Landing Gear Overhaul business and Wheels & Brakes unit in a $51 million divestiture. The operations will be integrated into GA Telesis' MRO Services Division and rebranded as GA Telesis Landing Gear Services, expanding the company's landing gear MRO capabilities and adding HVOF coating technology.
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