Estes Logistics Acquires Key Trucking Inc

TFI International Acquires Keystone Western

December 3, 2024

Logistics & Distribution

TFI International has acquired Keystone Western, a Manitoba-based asset-based logistics provider specializing in truckload and less-than-truckload (LTL) services across Canada and the United States. Founder and CEO Norm Curtis sold the company to TFI; Keystone Western will gain access to TFI's resources, expanded equipment and a broader North American network.

RoadOne IntermodaLogistics Acquires EHS Trucking Enterprises

December 22, 2021

Logistics & Distribution

RoadOne IntermodaLogistics, a portfolio company of Nonantum Capital Partners, has acquired EHS Trucking Enterprises, a regional trucking provider based in Brownstown Township, Michigan. Kreshmore Group advised EHS on the transaction, which closed December 22, 2021; financial terms were not disclosed.

Jones Logistics Acquires Nationwide Express

February 2, 2023

Logistics & Distribution

Jones Logistics (a portfolio company of Jones Capital) has acquired Nationwide Express, a Central Tennessee-based provider of dedicated trucking, warehousing, 3PL, recycling transportation and waste management services. The deal expands JoLo’s geographic footprint across the Southeast and enhances its service offerings (warehousing, intermodal and managed transportation), increasing the combined company's scale and capabilities.

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.

FST Logistics Acquires Hyway Trucking

October 2, 2023

Trucking & Fleet

FST Logistics, a 100% employee-owned third-party logistics provider based in Dublin, Ohio, has acquired Hyway Trucking, an asset-based transportation company headquartered in Findlay, Ohio. The acquisition expands FST's truckload capabilities and Ohio footprint, enabling cost savings, operational efficiencies, and a broader service offering for its customers.

ShipX Acquires Princeton Logistics Group and TriStar Carriers

May 26, 2022

Transportation

ShipX has acquired Princeton Logistics Group and its subsidiary TriStar Carriers to expand beyond final-mile parcel delivery into first- and middle-mile trucking and broader e-commerce transportation services across North America. The deal brings trucking, middle-mile capacity and local sortation capabilities into ShipX’s tech-enabled delivery platform to offer end-to-end e-commerce shipping solutions.