Private Equity-Backed Transportation Acquisitions

W&B Service Company, a portfolio company of Stellex Capital Management, has acquired Sanders Trailer Service, a full-service semi-trailer dealership with three locations in Kansas and Missouri. The deal expands W&B's trailer sales and service capabilities into Kansas and western Missouri, adding agricultural-focused trailer offerings and parts/service capacity for customers across the Midwest.

PrimeFlight Aviation Services has acquired GAT Airline Ground Support from private equity firm Atlantic Street Capital. GAT, a Peachtree City, Georgia-based provider of ground handling, cargo handling and catering (Sky Café) services with ~6,000 employees across nearly 70 North American airports, will expand PrimeFlight's footprint and capabilities in airline ground services and catering.

Propark Mobility has acquired Pittsburgh Valet, a regional valet-service provider, expanding Propark’s operations in Western Pennsylvania. The deal brings Pittsburgh Valet’s more than 20 years of hospitality- and event-focused parking experience into Propark’s national parking and mobility platform, providing additional technology and operational resources while preserving local service roots.

Cool Company Ltd. completed a cash merger with a newly formed, wholly owned subsidiary of EPS Ventures Ltd., making CoolCo wholly owned by EPS and its subsidiaries. Eligible CoolCo shareholders received $9.65 per share in the transaction; CoolCo expects to be delisted from the New York Stock Exchange and Euronext Growth Oslo following the closing.

Vantage Group has acquired Montreal-based FSM Management Group and aviation energy logistics provider AvEnergy Management Group. The deal expands Vantage's aviation infrastructure capabilities—particularly in jet fuel and de-icing (glycol) infrastructure development, management and energy logistics—and broadens its service offering across airport and airline partners in Canada and globally.

GATX Corporation and Brookfield Infrastructure Partners completed the acquisition of Wells Fargo's rail leasing portfolios on January 1, 2026. GATX and Brookfield purchased Wells Fargo's rail operating lease portfolio (~101,000 railcars) for about $4.2 billion via a joint venture, while Brookfield separately acquired Wells Fargo's rail finance lease portfolio (~22,000 railcars and ~400 locomotives); GATX will manage the railcars for the joint venture.

Wrist Group has acquired Delaware Ship Supply (DSS), a century-old ship chandler based in Camden, New Jersey, to strengthen its commercial and operational presence along the U.S. East Coast. The acquired business will be rebranded as Wrist Delaware and integrated into Wrist’s global marine supply and digital platforms; Wrist is a portfolio company of an investment affiliate of J.F. Lehman & Company.

RPM Freight Systems, LLC has acquired Dealers Choice Auto Transport, a specialist in premium and luxury vehicle transport for dealerships and auto auctions. The deal, completed with support from RPM's sponsors Trive Capital and Bluejay Capital, expands RPM's dealership and auction coverage and adds specialized, white‑glove vehicle transport capabilities to its tech-enabled logistics platform.

Boatsetter and Getmyboat have merged to form a combined global marketplace for boat rentals and on‑the‑water experiences, with the new headquarters based in Miami. The merger unifies inventory and technology across both platforms to expand geographic reach, accelerate product and AI development, and provide enhanced tools and services for owners, operators and guests.

Affiliates of Caldicot Capital and Tamarix Capital Partners recapitalized Custom Tours, Inc., doing business as Kushner & Associates, in a transaction that closed December 18, 2025. Founder/CEO Susan Kushner will remain as CEO and retain a significant ownership stake while meaningful equity was granted to employees; terms were not disclosed.

Typewriter Ascend Ltd, an entity controlled by Stonepeak and an affiliate of Textainer, has completed the acquisition of marine container leasing company Seaco (Global Sea Containers Limited) from Global Sea Containers Two Limited, a subsidiary of Bohai Leasing Co., Ltd. The deal combines Textainer's and Seaco's fleets into an approximately 8.3 million CEU global container leasing platform, reinforcing scale and service capabilities in the container leasing market.

Vehicle Management Solutions LLC (VMS), a Mill Point Capital portfolio company, has acquired AutoBase Inc., a national provider of safety service patrol and traffic incident management services. The add-on strengthens VMS's Safety Service Patrol (SSP) capabilities, expands its geographic coverage (now serving clients in 22 states) and enhances its ability to serve state and municipal transportation agencies.

Procuritas has acquired a majority stake in Parkman i Sverige AB, a Swedish tech-enabled parking operator headquartered in Täby. Crescent Capital Group’s European Specialty Lending strategy provided unitranche financing to support the transaction; Parkman reported SEK 610 million in revenue for 2024 and employs approximately 85 full-time and 50 part-time staff.

Seneca Partners, an independent financial sponsor, has acquired Nomlas Ventures Inc. (doing business as Busmax), a Rome, Georgia-based passenger bus, van and car rental company. Backcast Partners provided and agented the senior secured debt (with warrants) to support the transaction; the Salmon family will retain a minority ownership stake.

Vehicle Management Solutions (VMS), a portfolio company of Mill Point Capital, has acquired Dynamic Towing Holdings, a leading private-property impound towing operator in Dallas and North Texas. The transaction is an add-on to VMS’s platform strategy to deepen its footprint and integrate Dynamic’s operations into VMS’s technology-enabled vehicle management and parking services network.

Pro-Vision, a mobile video technology provider backed by Vance Street Capital, has acquired Spartan Radar, a Los Alamitos, California-based developer of software-defined radar and collision-avoidance systems. The acquisition is an add-on to Pro-Vision’s platform intended to expand fleet safety capabilities by integrating advanced radar sensing with Pro-Vision’s vehicle video and data solutions.

North American Rail Solutions (a portfolio company of DFW Capital Partners) has completed a strategic combination with ZA Construction, a Brandon, Mississippi–based outsourced rail support services provider. The deal brings ZA's rail maintenance, construction and support capabilities into the NARS platform to expand geographic reach, shared services and growth for the combined rail services business.

Tikehau Investment Management SAS has acquired EYSA Group from an affiliate of H.I.G. Capital (H.I.G. Infrastructure). Headquartered in Madrid, EYSA is a smart and sustainable mobility platform providing parking, tolling, traffic management and low-emission zone solutions; H.I.G. backed the company since May 2022 and more than doubled its EBITDA during ownership, and EYSA's management will remain in place.

Traffic and Parking Control Co., LLC (TAPCO), a Peak Rock Capital–backed provider of intelligent transportation systems, has acquired Logix ITS, the parent behind Traffic Logix, All Traffic Solutions and Parking Logix. The deal combines TAPCO’s vertically integrated manufacturing, distribution and services with Logix ITS’s hardware and cloud platform to create a broader connected-ITS offering serving thousands of devices and more than 4,000 municipal, law enforcement and commercial customers across the U.S. and Canada.

Funds managed by CVC DIF have acquired American Student Transportation Partners (ASTP) from Access Holdings. ASTP grew rapidly under Access's data-driven operating model—expanding from 435 to over 2,300 vehicles and transporting more than 90,000 students annually—and Access engaged Lincoln International, Miles & Stockbridge, and RSM as advisers on the sale.

Wind Point Partners has combined Liquid Tech Solutions (LTS) with its portfolio company Velocity Rail Solutions, creating the largest route-based, mobile on-site refueling platform in North America. Yukon Partners provided junior capital to support the merger; Lindsay Goldberg sold LTS to the combined Wind Point/Velocity platform. The combined business will scale services across rail and other mission-critical end markets and pursue further organic growth and add-on acquisitions.

Flexjet closed an $800 million equity investment led by consumer-focused private equity firm L Catterton, with participation from affiliates of KSL Capital Partners and the J. Safra Group. The capital will support fleet modernization, expansion of private terminals and in-house maintenance capabilities, and broader luxury service enhancements while management and existing shareholders remain in control.

BUKO Group, backed by funds advised by Equistone, has acquired Keltic Traffic Management Limited, a London-based specialist in temporary traffic management. The deal strengthens BUKO's presence in the Greater London area as part of its broader UK and European expansion strategy.

Mascarene Partners has partnered with Voyager Trucking Corporation's management to acquire Voyager, a Newark, New Jersey–based waste hauling and transfer station management company that operates across nine U.S. East Coast states. Financing was provided by a lender group led by Man Varagon, Onex Credit and Amateras AEA; Voyager's management will remain shareholders and continue to lead the business as Mascarene supports further organic growth and add-on M&A.

Fortbrand Services LLC, a portfolio company owned by funds advised by Basalt Infrastructure Partners LLP, has acquired Xcēd Aviation Services LLC from Sasser, Inc. The acquisition expands Fortbrand's GSE and AME leasing footprint — creating a combined fleet of over 4,900 pieces of equipment across more than 190 airports — and is intended to enhance service capabilities for airlines, airports, ground handlers and cargo operators.

LAZ Parking has acquired a 60% majority stake in INDIGO Park Canada Inc., creating North America's largest tech-driven parking, transportation, and mobility company. The deal reunites LAZ and the INDIGO Group, expands LAZ's footprint to more than 5,300 locations and 2 million parking spaces across North America, and will preserve IPC’s leadership under CEO John Laires; Argo Infrastructure Partners is an investor in LAZ and supported the transaction.

North American Rail Solutions, through its subsidiary American Track, has acquired Rapid Track, a Tyrone, Georgia-based rail maintenance and construction services provider. The deal expands American Track's footprint in the Southeast U.S.; Rapid Track's owners Shannon and Brandi Shockley will transition following the sale.

The Universal Group, a CAI Capital Partners portfolio company, has acquired D&H Flagging, a Portland-based traffic control services provider. The acquisition expands Universal's geographic footprint into Oregon and broadens its traffic control and equipment rental capabilities across the Pacific Northwest.

Igneo Infrastructure Partners, a global infrastructure investment manager, has acquired Infinity Aviation Group, a fixed‑base operator (FBO) platform headquartered in Nashua, New Hampshire, including on‑airport assets at Boire Field (KASH). Transaction terms were not disclosed; Igneo named Steven Levesque CEO of Infinity Aviation and said it will invest to grow and develop general aviation infrastructure across North America as part of its dedicated North American strategy.

Synapse ITS, a transportation technology platform backed by Vance Street Capital, has acquired GovComm, a Florida-based provider of AI-powered wrong-way vehicle detection systems. The acquisition expands Synapse's safety-focused platform and aims to accelerate a national rollout of GovComm's field-proven WWVDS technology, which is approved by the Florida Department of Transportation.

Haveli Investments, a technology-focused private equity firm based in Austin, has acquired Accommodations Plus International (API), a Melville, New York–headquartered provider of crew accommodations and travel technology solutions. API serves 85+ airline, cargo, rail and cruise clients, manages a network of 6,000+ hotels across 700+ cities, and will leverage Haveli's capital and technology expertise to accelerate global expansion and product/platform enhancements.

Great Hill Partners has agreed to make a majority investment in Peter Park System GmbH, a Munich-based provider of AI-driven digital parking solutions, with ARBAnova Familienstiftung making an additional minority investment. Founders and the founding management team will roll over equity and continue to lead the business; proceeds will be used to scale the salesforce, accelerate technology development, and expand the company's footprint across Europe.

A fund managed by Macquarie Asset Management (via Macquarie Infrastructure Partners VI) has agreed to acquire a 100% stake in the Monte Rodovias S.A. toll-road platform from a fund managed by Monte Capital Management. The portfolio comprises five concessioned toll roads totalling about 740 km across Bahia, Pernambuco and Mato Grosso, and the deal expands Macquarie's transportation infrastructure footprint in Brazil and Latin America; terms were not disclosed and the transaction is expected to close in 2H2025.

Littlejohn & Co., a Greenwich-based private investment firm, has acquired RailPros from Court Square Capital Partners. RailPros, headquartered in Irving, Texas, provides outsourced engineering, safety, project and construction management, and training services to rail, utilities and transportation clients across North America; Littlejohn plans to support the company's organic growth and strategic M&A expansion.

Alba Wheels Up, a logistics and customs brokerage platform backed by Southfield Capital, has acquired The Perishable Specialist, Inc. (PSI) to expand its perishable logistics capabilities and strengthen its presence in Miami, a key gateway for imported fresh produce. PSI’s owners, Frank and Ana Ramos, will remain with the business, and the acquisition gives PSI clients access to Alba’s nationwide network and technology, trade compliance and transportation solutions.

An Ares Private Equity fund has acquired a majority stake in Epika Fleet Services, a Nashville-based provider of mobile-focused preventative maintenance and repair services for commercial trucking fleets. The investment will provide capital to expand Epika’s mobile and in-shop service capabilities, grow its geographic footprint across underserved U.S. regions, and accelerate the platform’s go-to-market strategy.

Blackstone's infrastructure strategy for individual investors agreed to acquire a 22% minority stake in AGS Airports from AviAlliance for £235 million to support continued growth of UK travel and tourism. AviAlliance remains the majority shareholder with a 78% stake; the investment is intended to fund capital improvements and traffic growth across AGS's three UK airports (Glasgow, Aberdeen and Southampton).

Alba Wheels Up’s Cobalt Wine Logistics business unit, backed by private equity sponsor Southfield Capital, has acquired North Coast Logistics, Inc., a Petaluma-based wine consolidation and distribution specialist. The add-on expands Cobalt/Alba’s domestic over-the-road transportation and distribution capabilities, integrating NCL into Cobalt’s Napa warehousing and international logistics platform.

Investcorp has signed a definitive agreement to acquire a majority stake in Miebach Logistik Holding GmbH, a Frankfurt-based supply chain and logistics consultancy. The partnership will leave Miebach's existing equity partners with a significant minority stake and aims to support Miebach's organic growth and M&A strategy to expand its service offering and international footprint.

BUKO Group, a Netherlands-headquartered temporary traffic management provider backed by funds advised by Equistone, has acquired Sweden-based Road Rental Scandinavia AB. The acquisition gives BUKO immediate entry into the Swedish market and strengthens its ambition to become the leading temporary traffic management provider across Europe.

PSC Group announced the acquisition of 32 Rescar operations across the United States, expanding its railcar repair, cleaning, and inspection footprint. PSC — a Houston-based, PE-backed provider of logistics and repair services — will house its Railcar Repair Headquarters at its Bayport Rail Terminal and integrate the acquired operations to broaden geographic coverage and mobile repair capacity.

Allied Industrial Partners-backed Celebrity Coaches has acquired BandWagon RV Rentals, an RV provider specializing in mid-level tour transportation, for undisclosed terms. The add-on expands Celebrity's fleet to over 120 vehicles, with BandWagon's management (including Founder Marvin Clarke and President Jeremy Clarke) remaining with the integrated company and marks Celebrity's third add-on since Allied's investment in early 2024.

Amerit Fleet Solutions, a New Mountain Capital–backed fleet maintenance and management provider, has acquired Vector Fleet Management, a Charlotte-based specialist in fleet maintenance and parts management serving government and heavy industrial fleets. The deal expands Amerit's service offerings and strengthens its capabilities for government, emergency response, and heavy industrial fleet programs while keeping Vector's brand and leadership in place.

Leste Group has agreed to acquire a minority stake in Billor, a vertically integrated freight and fintech platform for U.S. truck drivers, and put in place a $335 million credit facility to accelerate the company's growth. The investment will fund fleet expansion (Billor aims to exceed 800 trucks by end of 2025) and enhance the firm's technology and fintech capabilities, including its AI-powered Billor CoPilot.

Northway Aviation LP, a Westcap-backed regional aviation platform, has acquired SkyNorth Air Ltd., a dedicated air ambulance provider operating in Manitoba. The deal combines complementary fleets and teams — creating a combined fleet of 17 aircraft and expanded essential medical and charter services across remote Manitoba and parts of Ontario.

Krystal Growth Partners has acquired Seair Seaplanes, a regional seaplane operator serving coastal British Columbia. The investment will support operational and infrastructure improvements as Krystal and Seair explore opportunities to expand scheduled services, scenic tours, and charter offerings across the BC coast.

EasyPark Group has completed its acquisition of Flowbird Group to form a combined global mobility and parking platform. The deal — supported by investment firms Vitruvian Partners, Verdane and Searchlight Capital Partners — brings together mobile parking, pay-and-display hardware, public transport solutions and data capabilities to expand offerings and geographic reach.

Fundamental Advisors launched a helicopter investment strategy and acquired HeloAir, Inc., a Richmond, Virginia-based regional operator of utility and fire-suppression helicopters. HeloAir founder Whit Baldwin will remain with a retained stake and the deal establishes a platform for Fundamental to expand capabilities and pursue complementary acquisitions in aerial public-safety and infrastructure monitoring services.

Epika Fleet Services, a nationwide fleet maintenance platform headquartered in Nashville, has acquired C&R Fleet Services, a Dallas-based mobile fleet maintenance provider founded in 2020. The add-on expands Epika’s coast-to-coast service coverage and strengthens its mobile technician-led maintenance capabilities in key U.S. logistics markets.

Vehicle Management Solutions LLC (a Mill Point Capital portfolio company) acquired the assets of Rendered Services, Inc.'s South Chicago operations to expand its relocation towing and vehicle management footprint in the Chicago metro. The add-on transaction strengthens VMS's local capabilities, enhances operational efficiency and improves service for private property relocation customers in the region.