Tracked deals
153
153 tracked deals across 2024.
Transportation Acquisitions in 2024
Buyer mix
Mixed buyer set
130 strategic · 69 pe
Top trend
Volume peaked in 2026
213 tracked deals announced in 2026.
Buyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Hudson Valley Parking Trust | 4 | Global parking acquisition platform led by parking vetera... | Strategic |
| Stonepeak | 3 | Alternative investment firm specializing in infrastructur... | PE |
| The Broe Group | 3 | Privately held, multi-billion-dollar investment group wit... | Family Office |
| Wind Point Partners | 3 | Chicago-based private equity firm that invests in middle-... | PE |
| AMCON Distributing Company | 2 | Publicly traded convenience- and foodservice-focused cons... | Strategic |
| AddSecure | 2 | European provider of secure IoT connectivity and end-to-e... | Strategic (PE-backed) |
| Allied Industrial Partners LLC | 2 | Lower-middle market private equity firm that invests in i... | PE |
| America's Group | 2 | Operator of a nationwide network of vehicle auction locat... | Strategic |
| Callaway Hudson Partners (CalHudson) | 2 | Partnership between Hudson Valley Parking Trust and Calla... | Investor |
| KKR | 2 | Global investment firm offering private equity, credit, r... | PE |
Acquisition Volume in Transportation in 2024 by Year
Last 9 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
December 31, 2024
- Buyer
- Atlas Van Lines, Atlas Canada
- Target
- Orbit Brokers
- Industry
- Transportation
- Location
- Ontario, Canada
- Type
- Buyout
Atlas Van Lines (through its Atlas Canada operations) has acquired Orbit Brokers, a Mississauga, Ontario–based customs brokerage firm, effective Jan. 1. The acquisition integrates Orbit Brokers into Atlas Canada's Connect Logistics division to expand cross‑border customs clearance capabilities and provide more seamless end‑to‑end relocation and logistics services across Canada and the United States.
-
December 30, 2024
- Buyer
- Pangaea Logistics Solutions Ltd.
- Target
- Strategic Shipping Inc. (operations under M.T. Maritime / MTM)
- Seller
- Strategic Shipping Inc.
- Industry
- Transportation
- Location
- Connecticut, United States
- Type
- Buyout
Pangaea Logistics Solutions Ltd. completed a combination transaction with Strategic Shipping Inc., issuing 18,059,342 shares (approximately 27.6% of outstanding stock) to SSI in exchange for fifteen handy-size dry bulk vessels. The vessels were valued at approximately $271 million at closing (inclusive of $100 million of vessel financing assumed), and the deal closed following shareholder approval on December 30, 2024.
-
December 17, 2024
- Buyer
- RELAM, Inc., Paceline Equity Partners
- Target
- Falcon Equipment Ltd.
- Industry
- Transportation
- Location
- British Columbia, Canada
- Type
- Addon
RELAM, a Paceline Equity Partners portfolio company, has acquired Falcon Equipment Ltd., a Surrey, British Columbia–based specialty truck and equipment solutions provider. The deal expands RELAM’s presence in the Canadian hi-rail and specialty truck markets, adds new end markets (building supply, utility, snow and ice, municipality), and preserves Falcon’s existing management team under President Dan Kielan.
-
December 16, 2024
- Buyer
- Heniff (the Heniff family of companies)
- Target
- Combo Group
- Seller
- Jan Van Erp (founder and owner)
- Industry
- Transportation
- Location
- Limburg, Netherlands
- Type
- Buyout
The Heniff family of companies has acquired the Combo Group, a Born, Netherlands–based bulk transporter and tank-cleaning services provider with operations in Born, Geleen (NL) and Straelen (DE). Terms were not disclosed; the acquisition gives Heniff immediate scale in European bulk transportation, tank cleaning and maintenance operations.
-
December 16, 2024
- Buyer
- Wafra Inc., Atlas SP Partners
- Target
- Aquila Air Capital
- Seller
- Warburg Pincus
- Industry
- Transportation
- Location
- New York, United States
- Type
- Buyout
Wafra Inc., a New York-based alternative asset manager, completed the acquisition of its platform Aquila Air Capital. Wafra acquired a controlling interest in Aquila from Warburg Pincus, with support from Atlas SP Partners’ credit facility, and stated the transaction received customary regulatory approvals.
-
December 10, 2024
- Buyer
- Priority Courier Experts, Trident, Bluejay Capital
- Target
- NOW Courier
- Seller
- Schwalbach family (owners of NOW Courier)
- Industry
- Transportation
- Location
- Indiana, United States
- Type
- Addon
Priority Courier Experts (a portfolio company of Trident and Bluejay Capital) has acquired NOW Courier, a 38-year-old Indianapolis-based same-day courier and expedited delivery provider. The transaction is an add-on to expand PCE's geographic footprint and service capabilities across Indiana and adjacent markets.
-
December 10, 2024
- Buyer
- AMCON Distributing Company
- Target
- Arrowrock Supply
- Seller
- Davis-Jones Inc.
- Industry
- Transportation
- Location
- Idaho, United States
- Type
- Buyout
AMCON Distributing Company (AMCON) announced that it will acquire Arrowrock Supply, a tobacco and grocery wholesale distributor based in Boise, Idaho, from Davis-Jones Inc. The deal is expected to close in AMCON's second quarter of fiscal 2025, subject to customary closing conditions.
-
December 5, 2024
- Buyer
- Fleetworthy
- Target
- Empire Commercial Services, L.P.
- Industry
- Transportation
- Location
- New York, United States
- Type
- Buyout
Fleetworthy has acquired Empire Commercial Services, a New York City provider of commercial parking violation management and resolution, to expand its fleet technology suite. The acquisition adds Empire's S.M.A.R.T. summons management platform and violation-handling expertise to Fleetworthy's capabilities, enabling scaling of Empire's offerings beyond New York into other high-density urban areas.
-
December 4, 2024
- Buyer
- Mullen Group Ltd.
- Target
- Pacific Northwest (PNW) Moving / Pacific Northwest Investments
- Seller
- Founders and former owners of PNW (unnamed)
- Industry
- Transportation
- Location
- Yukon, Canada
- Type
- Buyout
Mullen Group Ltd. has acquired Pacific Northwest (PNW) Moving and its parent, Pacific Northwest Investments, expanding Mullen’s less‑than‑truckload (LTL) footprint into Northern Alberta and the Yukon. PNW will operate within Mullen Group’s LTL segment and brings two owned terminals (Whitehorse, Yukon and Edmonton, Alberta) plus local moving and storage capabilities; financial terms were not disclosed.
-
- Buyer
- GPS Trackit, Inverness Graham
- Target
- Zonar Systems, Inc.
- Seller
- Continental AG
- Industry
- Transportation
- Location
- Washington, United States
- Type
- Addon
GPS Trackit, the Inverness Graham-backed fleet telematics and video company, has acquired Zonar Systems from Continental. The deal (terms undisclosed) combines GPS Trackit's video telematics platform with Zonar's smart fleet management capabilities to deepen presence in government, education and commercial fleet markets and expand fleet safety, health and compliance offerings.
-
December 3, 2024
- Buyer
- Location Services, LLC, Delaware Street Capital
- Target
- Strategic Remarketing Solutions, LLC
- Industry
- Transportation
- Location
- Illinois, United States
- Type
- Addon
Location Services, LLC, a recovery management company owned by Delaware Street Capital, has acquired Strategic Remarketing Solutions (SRS), a forwarding and remarketing firm based in Hoffman Estates, Illinois. The transaction expands Location Services' servicing footprint and capabilities—particularly its penetration into regional banks and credit unions—and brings SRS’s experienced workforce and remarketing/title services into the platform.
-
December 3, 2024
- Buyer
- Berkshire Partners
- Target
- RJW Logistics Group
- Seller
- Mason Wells
- Industry
- Transportation
- Location
- Illinois, United States
- Type
- Buyout
Boston-based private equity firm Berkshire Partners has made a strategic (majority) investment in RJW Logistics Group, a Woodridge, Illinois–based provider of retail logistics and consolidation services for consumer packaged goods (CPG) brands. RJW CEO Kevin Williamson and other management will remain significant investors, and prior investor Mason Wells will remain a minority holder; the deal is intended to support RJW's growth, innovation and geographic expansion.
-
December 2, 2024
- Buyer
- Medstar Transportation (Medstar)
- Target
- ATS Trans, LLC
- Seller
- Dianne Hutchins
- Industry
- Transportation
- Location
- Washington, United States
- Type
- Buyout
Medstar, a Washington-based non-emergency transport operator, acquired ATS Trans, LLC (Tacoma, WA) in a deal facilitated by IAG. The seller, Dianne Hutchins, financed the transaction after pandemic-era financing challenges; ATS Trans operates a fleet of ~60 vehicles and reported EBITDA of approximately $600,000.
-
November 26, 2024
- Buyer
- GCM Grosvenor, Bluejay Capital Partners, LLC
- Target
- Mobil Grain Ltd.
- Seller
- AGT Food and Ingredients Inc.
- Industry
- Transportation
- Location
- Saskatchewan, Canada
- Type
- Divestiture
GCM Grosvenor, with co-investor Bluejay Capital Partners, has agreed to acquire Mobil Grain Ltd. and its operating subsidiaries from AGT Food and Ingredients Inc. The sale includes short-line rail operations, a port terminal in Thunder Bay and intermodal assets in Regina; financial terms were not disclosed and the transaction is expected to close in late 2024 or early 2025 subject to regulatory approvals.
-
November 26, 2024
- Buyer
- Kenan Advantage Group
- Target
- XBL Holdings (Xcel Bulk Logistics)
- Seller
- Lilium Group, Peterson Hawkins
- Industry
- Transportation
- Location
- Texas, United States
- Type
- Addon
Kenan Advantage Group (KAG) has acquired Texas-based XBL Holdings (operating as Xcel Bulk Logistics), a dry bulk transportation, storage and logistics provider headquartered in Weatherford, Texas. The deal — from PE owner Lilium Group — adds XBL's drivers, operational staff, tractors, trailers, storage silos and terminals to KAG's growing dry bulk platform; financial terms were not disclosed.
-
November 25, 2024
- Buyer
- Wind Point Partners
- Target
- Velocity Rail Solutions
- Industry
- Transportation
- Location
- Utah, United States
- Type
- Buyout
Wind Point Partners, a Chicago-based private equity firm, has completed a corporate carveout and acquired Velocity Rail Solutions, a provider of mission-critical locomotive services across North America. Wind Point will partner with Velocity management to invest in organic growth and pursue strategic add-on acquisitions to expand the company's rail-related services.
-
November 25, 2024
- Buyer
- Schneider National, Inc.
- Target
- Cowan Systems, LLC
- Industry
- Transportation
- Location
- Maryland, United States
- Type
- Buyout
Schneider National, Inc. entered into a definitive agreement to acquire Cowan Systems, LLC and affiliated entities for about $390 million in cash, subject to adjustments. The deal also includes separate agreements to purchase certain Cowan Systems real estate assets for about $31 million, and is expected to close in the fourth quarter of 2024.
-
November 19, 2024
- Buyer
- Stonepeak
- Target
- Fleet Companies (Fleet Equipment, LLC)
- Industry
- Transportation
- Location
- Tennessee, United States
- Type
- Buyout
Stonepeak, a New York-based alternative investment firm, has acquired Fleet Companies, a regional trailer dealership and leasing company headquartered in Memphis, Tennessee. Fleet will serve as the seed asset for a national trailer platform Stonepeak plans to build across the U.S.; terms were not disclosed and the deal has closed.
-
November 14, 2024
- Buyer
- Kuehne+Nagel
- Target
- IMC Logistics
- Industry
- Transportation
- Location
- Tennessee, United States
- Type
- Growth capital
IMC Logistics, a U.S. marine drayage provider, announced a strategic partnership with Kuehne+Nagel under which Kuehne+Nagel will acquire 51% of the company. The parties expect the transaction to complete at the beginning of Q1 2025, subject to regulatory approvals and customary closing conditions, while IMC will continue operating with its existing leadership team.
-
November 13, 2024
- Buyer
- AviAlliance
- Target
- AGS Airports
- Seller
- Macquarie Asset Management, Ferrovial
- Industry
- Transportation
- Location
- Scotland, United Kingdom
- Type
- Divestiture
AviAlliance has agreed to acquire AGS Airports from Macquarie Asset Management (via Macquarie European Infrastructure Fund 4) and Ferrovial for an enterprise value of approximately £1.53 billion. The transaction transfers ownership of the airports serving Aberdeen, Glasgow and Southampton, and is expected to reach financial close by Q1 2025 subject to customary conditions and regulatory approvals.
-
November 8, 2024
- Buyer
- Aviation Starlink Inc.
- Target
- Services Aériens Lux Inc., Chrono Aviation Inc., Chrono Group
- Industry
- Transportation
- Location
- Quebec, Canada
- Type
- Buyout
On November 8, 2024, Aviation Starlink Inc. closed the acquisition of certain assets of Services Aériens Lux Inc. and other affiliates of Chrono Aviation Inc., and completed related equity and debt financing for the Chrono Group. The transaction was approved by vesting and reverse vesting orders under the Companies' Creditors Arrangement Act (CCAA), and Aviation Starlink will also act as lender to fund the Group's operations post-closing. Aviation Starlink is an aviation-services operator controlled by Pierre Karl Péladeau and is headquartered in Dorval, Quebec.
-
- Buyer
- SAS Shipping Agencies Services Sàrl
- Target
- Clasquin
- Industry
- Transportation
- Location
- France
- Type
- Buyout
SAS Shipping Agencies Services Sàrl (“SAS”) initiated a tender offer for the shares of Clasquin at €142.03 per share, with an offer duration of 25 trading days. The filing and offer document have been cleared by the French regulator (AMF), and SAS indicates it may pursue a squeeze-out if enough shares are tendered.
-
- Buyer
- Stonepeak
- Target
- Air Transport Services Group, Inc. (ATSG)
- Industry
- Transportation
- Location
- Ohio, United States
- Type
- Buyout
Stonepeak completed its all-cash acquisition of Air Transport Services Group (ATSG) for an enterprise valuation of approximately $3.1 billion. ATSG shareholders received $22.50 per share in cash and ATSG’s common shares ceased trading and delisted from NASDAQ.
-
November 4, 2024
- Buyer
- PM Hotel Group, Sightline Hospitality
- Target
- Sightline Hospitality
- Industry
- Transportation
- Location
- District of Columbia, United States
- Type
- Buyout
PM Hotel Group, a hotel management company, announced a strategic merger with Sightline Hospitality to expand its lifestyle and unconventional hospitality division (Modus by PM Hotel Group) and increase its footprint across the United States. The combined platform will add 22 properties (open or expected to open soon), including new brands such as RESET and evo Hotels, and marks PM Hotel Group’s debut in Hawaii.
-
November 1, 2024
- Buyer
- DOF Group ASA, DOF Offshore Holding Denmark ApS
- Target
- Maersk Supply Service A/S (renamed DOF Denmark A/S)
- Seller
- Maersk Supply Service Holding ApS (MSSH), A.P. Moller Holding
- Industry
- Transportation
- Location
- Denmark
- Type
- Buyout
DOF Group ASA has completed the acquisition of Maersk Supply Service A/S from Maersk Supply Service Holding ApS / A.P. Moller Holding for a combination of cash (~USD 577m) and newly issued DOF shares, with MSSH receiving 58,883,073 consideration shares. After closing, A.P. Moller Holding will hold 25% of the combined company; Maersk’s offshore wind turbine installation business will remain with A.P. Moller Holding as the independent Maersk Offshore Wind.
-
November 1, 2024
- Buyer
- White Cap
- Target
- Triumph Geo-Synthetics, Inc.
- Seller
- Cissy McCaa
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
White Cap, a distributor of specialty construction supplies and safety products, entered into a definitive agreement to acquire Triumph Geo-Synthetics, a geosynthetics and erosion control distributor based in Anaheim, California. The acquisition was later completed, with Triumph Geo-Synthetics becoming part of the White Cap suite of brands, branches, and value-added services.
-
October 23, 2024
- Buyer
- Load One, LLC
- Target
- Tri-State Expedited Service, Inc.
- Industry
- Transportation
- Location
- Ohio, United States
- Type
- Buyout
Load One has acquired Tri-State Expedited Service, a Millbury, Ohio-based provider of expedited ground transportation and logistics, to expand its North American expedited network and capacity. Terms were not disclosed; the deal brings Tri-State's company trucks and owner-operator network into Load One's platform to better serve time-critical, cross-border and high-value freight.
-
- Buyer
- Martin Resource Management Corporation
- Target
- Martin Midstream Partners L.P.
- Industry
- Transportation
- Location
- Texas, United States
- Type
- Buyout
Martin Resource Management Corporation (MRMC) entered into a definitive merger agreement to acquire all outstanding common units of Martin Midstream Partners L.P. (MMLP) not already owned by MRMC and its subsidiaries. The all-cash deal values each Public Common Unit at $4.02, representing a 34.0% premium to MRMC’s May 24, 2024 proposal price.
-
October 21, 2024
- Buyer
- Leviate Air Group
- Target
- Chairman Aviation
- Industry
- Transportation
- Location
- Texas, United States
- Type
- Buyout
Leviate Air Group has acquired a majority interest in Chairman Aviation, bringing Chairman's fleet and operations under closer management while maintaining its own air carrier certificate. The deal expands Leviate's service offerings and fleet mix (including additional Citation X, Citation X+ and Citation CJ3+ aircraft) to better serve high-net-worth and corporate clients.
-
October 19, 2024
- Buyer
- Vantage Aviation
- Target
- Dominion Aviation
- Seller
- Dominion Aviation, Mike Mickel
- Industry
- Transportation
- Location
- Virginia, United States
- Type
- Buyout
Vantage Aviation, a Stamford-based, private equity-backed business aviation firm, has acquired Dominion Aviation, the sole-source FBO operator at Richmond Executive–Chesterfield County Airport (FCI). Dominion will continue operating its full-service offerings—including ground handling, fueling, hangar storage, aircraft management, charter, MRO (145 repair station), and flight training—while founder Mike Mickel remains with the business focusing on aircraft management as Vantage expands its U.S. FBO network.
-
October 15, 2024
- Buyer
- Dreamliner
- Target
- Shomotion, Show Pro
- Industry
- Transportation
- Location
- United States
- Type
- Buyout
Nashville-based coach provider Dreamliner has acquired specialty carriers Shomotion and Show Pro to expand its events transportation and logistics offerings. The deal (terms undisclosed) retains all 65 full-time employees across the two companies and includes Shomotion's Denver facility and Show Pro's Nashville site, adding trucks and trailers to Dreamliner's fleet.
-
October 9, 2024
- Buyer
- SAS Shipping Agencies Services Sàrl
- Target
- Clasquin SA
- Seller
- Yves REVOL, OLYMP
- Industry
- Transportation
- Location
- France
- Type
- Buyout
MSC Mediterranean Shipping Company SA subsidiary SAS Shipping Agencies Services Sàrl has completed the acquisition of 42.06% of Clasquin SA shares from Yves Revol and OLYMP at EUR 142.03 per share, subject to regulatory clearances. SAS plans to file a tender offer with France’s AMF for the remaining Clasquin shares and intends to pursue a squeeze-out if conditions are met.
-
October 8, 2024
- Buyer
- KKR
- Target
- The Parking Spot
- Seller
- Green Courte Partners, LLC
- Industry
- Transportation
- Location
- Illinois, United States
- Type
- Buyout
KKR has acquired The Parking Spot, the leading U.S. near-airport parking operator, from an affiliate of Green Courte Partners. The Parking Spot operates 47 near-airport parking properties across major U.S. airports; financial terms were not disclosed and the company’s management will remain in place as KKR pursues further growth through its Global Infrastructure Strategy.
-
- Buyer
- Pangaea Logistics Solutions Ltd.
- Target
- Nordic Bulk Partners LLC
- Seller
- HS Nordic LLC
- Industry
- Transportation
- Location
- Rhode Island, United States
- Type
- Buyout
Pangaea Logistics Solutions Ltd. entered into a definitive agreement to buy the remaining 50% equity ownership of its consolidated subsidiary, Nordic Bulk Partners LLC, from HS Nordic LLC for $17.2 million in cash. The deal will give Pangaea 100% ownership of Nordic Bulk Partners’ ice class dry bulk vessel fleet and is expected to close by November 1, 2024 subject to customary conditions.
-
October 3, 2024
- Buyer
- Propark Mobility
- Target
- Southern Valet & Transportation
- Industry
- Transportation
- Location
- South Carolina, United States
- Type
- Buyout
Propark Mobility has acquired Southern Valet & Transportation, a Columbia, South Carolina-based provider of valet, parking management, and shuttle services. The acquisition expands Propark's national footprint and adds local valet and transportation capabilities to its portfolio of parking and mobility services.
-
October 3, 2024
- Buyer
- Manifest (Manifest Travel Club)
- Target
- Skyroads Aviation, LLC
- Seller
- Current owners of Skyroads Aviation (unnamed)
- Industry
- Transportation
- Location
- Colorado, United States
- Type
- Buyout
Manifest, a Denver-based lifestyle and travel club, has agreed to acquire Skyroads Aviation, a Part 135 certificated air carrier based at Centennial Airport outside Denver. The deal — expected to close by October 31 — will allow Manifest to operate its own private aviation services (it has also leased a Pilatus PC-12); Skyroads’ current five King Airs will not be part of the acquisition.
-
October 2, 2024
- Buyer
- LongWater Opportunities, Cypress Rail Solutions
- Target
- Northern Plains Rail Services
- Seller
- Northern Plains Rail Services
- Industry
- Transportation
- Location
- North Dakota, United States
- Type
- Buyout
LongWater Opportunities partnered with industry executives Randy Meyer and Brian Trammell to form Cypress Rail Solutions, a new railcar services platform. Cypress completed its first acquisition of certain railcar maintenance assets (locations in North Dakota and Minnesota) from Northern Plains Rail Services and plans further expansion across additional geographic markets to build a significant railcar services platform.
-
October 2, 2024
- Buyer
- Radiant Logistics, Inc.
- Target
- Focus Logistics, Inc.
- Seller
- Terrie Evans, Cliff Kisielewski
- Industry
- Transportation
- Location
- Michigan, United States
- Type
- Buyout
Radiant Logistics (NYSE: RLGT) has acquired Focus Logistics, a Michigan-based domestic and international freight forwarder founded in 2003. The small, family-run business will be merged into Radiant’s Detroit operation with co-founder Cliff Kisielewski remaining as general manager while co-founder Terrie Evans retires; financial terms were not disclosed.
-
September 30, 2024
- Buyer
- Gogo Inc.
- Target
- Satcom Direct
- Industry
- Transportation
- Location
- Florida, United States
- Type
- Buyout
Gogo Inc. entered into a definitive agreement to acquire Satcom Direct to create a multi-orbit, multi-band global in-flight connectivity provider for business aviation and military/government mobility markets. The deal includes $375 million in cash and five million Gogo shares at closing, with potential additional payments of up to $225 million tied to performance thresholds over the next four years.
-
September 27, 2024
- Buyer
- Global Auto Holdings (TopCo) Limited (GAHL)
- Target
- K.W. Bruun Import A/S, K.W. Bruun NxT A/S
- Industry
- Transportation
- Location
- Denmark
- Type
- Buyout
Global Auto Holdings (TopCo) Limited (GAHL) entered into a definitive agreement to acquire K.W. Bruun Import A/S and K.W. Bruun NxT A/S (together, KWB), a major automotive distributor in Denmark and Sweden. The deal is subject to customary regulatory and certain OEM approvals and is anticipated to close prior to calendar year-end 2024.
-
September 26, 2024
- Buyer
- KKR, Skip Essential Infrastructure Fund (Skip Capital)
- Target
- Queensland Airports Limited
- Seller
- The Infrastructure Fund (managed by Macquarie Asset Management), State Super, Australian Retirement Trust
- Industry
- Transportation
- Location
- Queensland, Australia
- Type
- Buyout
A consortium led by global investment firm KKR and the Skip Essential Infrastructure Fund (linked to Skip Capital) agreed to acquire a combined 74.25% interest in Queensland Airports Limited (QAL) from The Infrastructure Fund (managed by Macquarie Asset Management), State Super and Australian Retirement Trust. QAL operates Gold Coast, Townsville, Mount Isa and Longreach airports; the transaction transfers control of these regional airport assets to KKR and Skip as part of an infrastructure investment play.
-
September 24, 2024
- Buyer
- Descartes Systems Group
- Target
- Assure Assist, Inc. (MyCarrierPortal)
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
Descartes Systems Group acquired Assure Assist, Inc., doing business as MyCarrierPortal (MCP), for approximately $24 million in up-front cash plus up to $6 million in performance-based earn-outs. The deal adds carrier onboarding, risk monitoring and KYC/fraud-prevention capabilities to Descartes’ logistics platform and complements its MacroPoint FraudGuard solution.
-
September 18, 2024
- Buyer
- Bicycle Transit Systems, Inc.
- Target
- BCycle
- Seller
- Trek
- Industry
- Transportation
- Location
- Pennsylvania, United States
- Type
- Buyout
Bicycle Transit Systems, Inc. signed a definitive agreement to acquire BCycle from Trek. The deal is expected to close in October and will expand Bicycle Transit Systems into North America’s only fully integrated dock-based bike share operator with electrified services.
-
September 18, 2024
- Buyer
- Alaska Air Group, Inc.
- Target
- Hawaiian Holdings, Inc.
- Industry
- Transportation
- Location
- Hawaii, United States
- Type
- Buyout
Alaska Air Group completed its acquisition of Hawaiian Holdings (Hawaiian Airlines) in an all-cash deal valued at about $1.9 billion. The combination expands Alaska’s network across the Pacific and enhances guest benefits by integrating loyalty, lounges, and future unified operations while preserving both airline brands.
-
September 17, 2024
- Buyer
- AEA Investors (AEA SBPE)
- Target
- P&B Intermodal
- Industry
- Transportation
- Location
- New Jersey, United States
- Type
- Buyout
AEA Investors' Small Business Private Equity team has closed the acquisition of P&B Intermodal, with significant reinvestment from the company's management team. P&B is a New Jersey–founded national provider of maintenance and repair services to intermodal operators, and AEA said it will leverage its network and resources to support the company's organic growth in the transportation & logistics market.
-
- Buyer
- CVC DIF
- Target
- S-P-S International, CTC Moyson Airport Equipment
- Seller
- Moyson family, Strikwerda Investments and management
- Industry
- Transportation
- Location
- North Holland, Netherlands
- Type
- Addon
CVC DIF (the infrastructure strategy of CVC) has agreed to acquire S-P-S International from Strikwerda Investments and management and CTC Moyson Airport Equipment from the Moyson family. Both companies will be combined with existing platform HiSERV (led by Roland Ueckert) to create a pan‑European ground support equipment (GSE) leasing and services leader; the transactions are expected to close in Q4 2024.
-
September 16, 2024
- Buyer
- RXO
- Target
- Coyote Logistics
- Seller
- UPS
- Industry
- Transportation
- Location
- North Carolina, United States
- Type
- Buyout
RXO (NYSE: RXO) has completed its acquisition of Coyote Logistics from UPS for a purchase price of $1.025 billion. The combined company is positioned as the third-largest provider of brokered transportation in North America, with expanded customer base, increased network density, and a broader carrier network.
-
September 13, 2024
- Buyer
- Avolon
- Target
- Castlelake Aviation Limited
- Seller
- Castlelake L.P.
- Industry
- Transportation
- Location
- Ireland
- Type
- Divestiture
Avolon has agreed to buy a $5 billion, 118-aircraft portfolio from Castlelake L.P., acquiring the fleet held in Castlelake Aviation Limited. The purchase, which Castlelake says will allow it to reinvest proceeds into new opportunities, is expected to close in Q1 2025 and will expand Avolon’s fleet and cashflow profile.
-
September 5, 2024
- Buyer
- Unical Aviation, Inc., Platinum Equity
- Target
- ecube Solutions Limited
- Seller
- Baird Capital
- Industry
- Transportation
- Location
- Wales, United Kingdom
- Type
- Buyout
Unical Aviation, backed by Platinum Equity, has acquired ecube Solutions, a global specialist in aircraft storage, disassembly and transition services, from Baird Capital. The deal expands Unical's EMEA footprint and enhances its ability to offer end-to-end aftermarket and asset transition solutions to airlines, lessors and MRO customers.
-
September 4, 2024
- Buyer
- AMCS
- Target
- Qv21 Technologies
- Industry
- Transportation
- Location
- Texas, United States
- Type
- Buyout
AMCS, the Ireland‑headquartered provider of sustainability and operations software for resource‑intensive industries, has acquired Qv21 Technologies, an Austin‑based fleet management and logistics SaaS provider for short‑haul and bulk commodity transportation, for an undisclosed amount. The deal expands AMCS’s transportation management capabilities and North American footprint, enabling enhanced logistics, workflow automation and sustainability outcomes for customers in waste, recycling and bulk materials transport.
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