FlixMobility Acquires Greyhound Lines from FirstGroup plc

EQT Infrastructure Acquires First Student and First Transit from FirstGroup for $4.6bn

May 24, 2021

Transportation

EQT Infrastructure has completed the acquisition of First Student and First Transit, two North American subsidiaries of FirstGroup plc, for USD 4.6 billion. EQT said it will invest in organizational, operational and digital technology initiatives and accelerate fleet electrification and transition to renewable fuels to improve service and reduce environmental impact.

EQT Future and Kühne Holding Acquire 35% Stake in Flix

July 4, 2024

Transportation

EQT Future and Kühne Holding have agreed to acquire a 35% minority stake in Flix SE, including both primary capital and shares purchased from existing shareholders. The investment will strengthen Flix's balance sheet to support geographic expansion, accelerate profitable growth (including North America and rail services), and scale its sustainable, asset-light travel platform.

Calibre Scientific Acquires Greyhound Chromatography

August 14, 2024

Healthcare Services

Calibre Scientific has acquired Greyhound Chromatography and Allied Chemicals Ltd., a UK provider of chromatography consumables and analytical reference standards. The acquisition expands Calibre Scientific’s distribution operations in the UK & Ireland and strengthens its analytical standards and chromatography product portfolio to better serve pharmaceutical, environmental, food, forensic and petrochemical laboratories worldwide.

Werner Enterprises Acquires FirstFleet, Inc.

January 28, 2026

Transportation

Werner Enterprises (Nasdaq: WERN) acquired privately held First Enterprises, Inc. ("FirstFleet"), a Murfreesboro, Tennessee–based dedicated trucking company, for approximately $245 million in cash plus a separate purchase of real estate (total consideration ~ $282.8 million). The deal adds ~2,400 tractors and 11,000 trailers to Werner, makes it the fifth-largest dedicated carrier in North America, is expected to be immediately accretive to EPS and to yield about $18 million of annual synergies while retaining most FirstFleet management and its Tennessee headquarters.

TFI International Acquires Siemens Transportation Group and Hot Line Freight Systems

May 1, 2023

Transportation

TFI International announced it has agreed to acquire Siemens Transportation Group (STG) and has completed the acquisition of Hot Line Freight Systems to expand its Less-Than-Truckload (LTL) footprint across Canada and the United States. STG, a family-owned Saskatoon-based LTL operator with roughly C$150 million in annual revenue and 15 terminals, will remain managed by Doug Siemens; Hot Line, a Wisconsin-based specialized LTL provider with nearly 200 employees and 14 terminals, will be managed by Paul Burgmeier under TFI's LTL segment.

The Shyft Group Acquires XL Fleet

January 4, 2023

Automotive

The Shyft Group, Inc. completed the acquisition of XL Fleet, integrating XL Fleet technical talent, equipment and a 24,655-square-foot Wixom, Michigan technology center into Shyft’s EV-focused Blue Arc business. The acquisition includes assuming a short-term lease on the Wixom facility and supporting completion of a Department of Defense pilot development agreement to advance fleet electrification and drivetrain technology.