Transportation Acquisitions in 2026

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.

Wabtec Corporation has completed the acquisition of Sweden-based Dellner Couplers, a global leader in train connection systems, from the EQT VIII fund. The transaction values Dellner at approximately EUR 890 million and strengthens Wabtec's passenger rail / transit portfolio by adding couplers, gangways and aftermarket services with a global installed base and ~1,200 employees.

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.

Trane Technologies, through its Thermo King brand, has acquired CSTK, Inc., a longtime independent Thermo King dealer serving the Northeast and Central United States. The acquisition brings CSTK's 10 sites, customer base and more than 200 employees into Thermo King Americas as company-owned operations to strengthen service coverage and customer proximity in key U.S. markets.

Unifi Aviation, part of the Argenbright Group, has acquired Viggo, a Dutch ground-handling provider with more than 50 years of experience. The deal expands Unifi’s footprint into continental Europe—adding operations at Amsterdam Airport Schiphol and Eindhoven Airport—and aims to provide airline partners enhanced stability and resources while maintaining Viggo's operational leadership.

Werner Enterprises (Nasdaq: WERN) acquired privately held First Enterprises, Inc. ("FirstFleet"), a Murfreesboro, Tennessee–based dedicated trucking company, for approximately $245 million in cash plus a separate purchase of real estate (total consideration ~ $282.8 million). The deal adds ~2,400 tractors and 11,000 trailers to Werner, makes it the fifth-largest dedicated carrier in North America, is expected to be immediately accretive to EPS and to yield about $18 million of annual synergies while retaining most FirstFleet management and its Tennessee headquarters.

Transit Technologies has acquired Vehicle Installs, a national fleet installation and mobile electronics services firm, to strengthen its deployment, installation, and long-term support capabilities for telematics, GPS, and camera systems. The deal gives Transit Technologies greater control of end-to-end hardware and field services, improving speed-to-value and multi-site execution for public sector, campus, K-12, and commercial fleet clients.

Vantage Corp, through its wholly owned subsidiary Vantage (BVI) Corporation, completed the acquisition of a 60% interest in Hong Kong-based Peijun Marine Consultant Co., Limited. The majority stake is intended to strengthen Vantage's Greater China presence and enhance its petrochemicals and sales & purchase shipbroking capabilities as part of a planned tri-hub model across Asia.

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.

AMPORTS, a North American port operator and automotive services provider, acquired the operations of the Red Hook ConRo Terminal at Port Freeport, expanding its stevedoring and terminal services to the Gulf Coast. The purchase completes AMPORTS' coast-to-coast stevedoring footprint and transfers the existing Port Freeport operations and staff to AMPORTS.

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.

Vantage Corp’s subsidiary completed the acquisition of PJ Marine Singapore Pte. Ltd. and is progressing to close related transactions in Greater China, including PJ Marine Shanghai Co., Ltd.; Vantage later completed a 60% acquisition of Peijun Marine Consultant Co., Limited. The deals are intended to jumpstart Vantage’s entry into the China/Greater China market and strengthen its petrochemicals and sale & purchase shipbroking capabilities.

Ryder System, Inc. has acquired Truck Service Depot, an Atlanta-based mobile maintenance provider for commercial trucks and trailers, expanding its Torque by Ryder retail mobile maintenance footprint in Georgia and the broader Southeast. The deal, which closed January 5, 2026, adds more than 20 technicians and two physical sites (Atlanta and Savannah) to Ryder's network; founder Scott Marshall will support the transition and financial terms were not disclosed.

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.