BlueGrace Logistics Acquires STB Freight Group

BlueGrace Logistics Acquires FreightCenter

January 7, 2025

Logistics & Distribution

BlueGrace Logistics, a PE-backed third-party logistics (3PL) provider, has acquired FreightCenter, a 26-year-old online transportation solutions provider. The deal will integrate FreightCenter's customers and online freight capabilities with BlueGrace's BlueShip TMS, carrier network and managed logistics services while FreightCenter continues to operate under its existing brand.

STG Logistics Acquires XPO Logistics' Intermodal Division

March 25, 2022

Transportation

STG Logistics, a Wind Point Partners portfolio company, acquired the intermodal division of XPO Logistics and will operate the combined business as STG Logistics. The transaction created a vertically integrated port-to-door containerized logistics provider and was accompanied by a recapitalization of STG by Wind Point and funds managed by Oaktree Capital Management; financing was led by Antares Capital and other lenders.

Trinity Logistics Acquires Granite Logistics

January 5, 2026

Logistics & Distribution

Trinity Logistics has completed the full acquisition of Granite Logistics, bringing the longtime freight agent partner into its organization and adding two Regional Service Centers in Sartell and Minneapolis, Minnesota. The deal brings approximately 135 team members into Trinity and expands its specialized capabilities in flatbed, over-dimensional, and heavy-haul freight across the Upper Midwest.

H.I.G. Capital Acquires STS Aviation Group from Greenbriar Equity Group

October 8, 2024

Aerospace & Defense

An affiliate of H.I.G. Capital has completed a strategic equity acquisition of STS Aviation Group from Greenbriar Equity Group. STS’s executive team will remain in place and as significant shareholders while H.I.G. positions the business for global expansion, capability growth, and potential add-on acquisitions in the aviation MRO and parts-distribution market.

Becker Logistics Acquires Trek Freight Services

December 31, 2021

Logistics & Distribution

Becker Logistics LLC acquired Trek Freight Services, LLC effective December 31, 2021. The Lincolnwood, Illinois-based 3PL adds ~125 customers, 25,000+ carriers, 35 employees and Trek's proprietary TMS to Becker's operations as part of Becker's continued growth and capability expansion.

STG Logistics Acquires Best Dedicated Solutions

June 1, 2023

Transportation

STG Logistics has acquired Best Dedicated Solutions (BDS), an over-the-road (OTR) transportation provider, to add expedited, dry van, temperature-control, and flatbed trucking capabilities to its port-to-door containerized logistics platform. The acquisition expands STG's service offering by integrating OTR asset-based transportation with its existing intermodal, drayage, transload, and warehousing network.