Penske Truck Leasing Acquires Kris-Way Truck Leasing, Inc.

Penske Truck Leasing Acquires Star Truck Rentals, Inc.

April 26, 2023

Trucking & Fleet

Penske Truck Leasing agreed to acquire Star Truck Rentals, Inc., a Michigan-based transportation services company that offers full-service leasing, commercial truck rental, contract maintenance and used truck sales. The acquisition adds Star’s ~1,900 vehicles and 18 locations across Michigan and Indiana to Penske’s network; financial terms were not disclosed and the transaction was expected to close in Q2 2023 subject to customary approvals.

Penske Logistics Acquires Black Horse Carriers, Inc.

November 30, 2020

Trucking & Fleet

Penske Logistics has agreed to acquire Chicago-based trucking company Black Horse Carriers, Inc.; financial terms were not disclosed. The acquisition, expected to close December 31, 2020, will expand Penske’s dedicated contract carriage capabilities and integrate Black Horse’s fleet and operations (Black Horse operates ~2,000 vehicles and employs more than 4,000 people).

Penske Automotive Group Acquires Transolutions Truck Centres

June 5, 2023

Trucking & Fleet

Penske Automotive Group, through its Premier Truck Group subsidiary, acquired Transolutions Truck Centres (TSTC), a five-location medium- and heavy-duty truck and bus dealership network based in Winnipeg, Manitoba. The deal expands Premier Truck Group's presence into Manitoba, adds approximately $180 million of expected annualized revenue and about 200 employees (including 59 technicians and 73 service bays).

Estes Logistics Acquires Key Trucking Inc

February 12, 2026

Transportation

Estes Logistics, a division of Estes Express Lines, has acquired Key Trucking Inc, a regional full-service transportation and freight provider based in Kent, Washington. The acquisition expands Estes' footprint into the Pacific Northwest and transfers all current Key Trucking employees to Estes while preserving the company's legacy under the Castagno family ownership transition.

Kriete Truck Centers Acquires La Crosse Truck Center

July 22, 2024

Trucking & Fleet

Kriete Truck Centers, a Milwaukee-based truck dealer group, has acquired La Crosse Truck Center in La Crosse, Wisconsin. The acquisition expands Kriete's ability to sell and service Mack and Isuzu trucks in the La Crosse and Mauston areas and will coincide with a major renovation of Kriete's existing La Crosse location.

Federal Signal Acquires New Way Trucks (Scranton Manufacturing)

November 26, 2025

Manufacturing

Federal Signal Corporation completed the acquisition of Scranton Manufacturing Company LLC, doing business as New Way Trucks, adding a leading U.S. refuse-collection vehicle manufacturer to its Environmental Solutions Group. Federal Signal said New Way brings over $100 million backlog and more than 750 employees, and the company expects to leverage its specialty vehicle platform and aftermarket opportunities to drive growth and margin improvement.