Transportation Acquisitions in New Jersey

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.

truckstop.com has acquired Denim, a transportation-focused fintech that provides factoring, automated invoicing, and back-office automation. The acquisition will integrate Denim's AI-driven payment processing and recourse factoring capabilities into truckstop.com's freight marketplace and carrier identity solutions to improve cash flow, reduce time-to-cash, and expand financial services for carriers and brokers.

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.

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.

BradyPLUS, a national distributor of janitorial/sanitation, foodservice and industrial packaging products, has acquired TED Supply, a New York metropolitan-area distributor serving nonprofit, healthcare, real estate and property management clients. The deal (terms undisclosed) expands BradyPLUS's geographic footprint and capabilities in the New York metro market and brings TED Supply's team and customer relationships into the BradyPLUS organization.

Signature Aviation has acquired Meridian, an award-winning Fixed Base Operator (FBO) with locations at Teterboro, New Jersey and Hayward, California. The deal, completed January 1, 2024, expands Signature's FBO and hangar network and integrates Meridian's team and site operations into Signature's global platform.

ITE Management L.P. has acquired a majority ownership stake in Trend Intermodal Chassis Leasing LLC, a Kearny, New Jersey–based chassis leasing company. The investment will expand ITE’s intermodal chassis portfolio and provide Trend with operational and capital support while founder and CEO Ayman Awad and the existing management team remain in place.

Wren House Infrastructure Management has agreed to purchase an equity stake in SeaCube Container Leasing Ltd., entering a co-control arrangement with Ontario Teachers' Pension Plan Board. The investment will support SeaCube's growth plans—particularly its refrigerated container and cold‑chain offerings—by combining Wren House's infrastructure expertise with Ontario Teachers' ongoing ownership and SeaCube's management team.

Star Leasing Company, a portfolio company of I Squared Capital, has signed an agreement to combine with Commercial Trailer Leasing (CTL) and North East Trailer Services (NETS). The combination creates one of the largest full-service trailer lessors in the United States with an expected combined fleet of approximately 55,000 trailers and expanded national coverage.

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.

Kamps, Inc. has acquired Gorgo Group, a Vineland, New Jersey-based provider of pallet, packaging and logistics solutions, expanding Kamps’ asset-based footprint in the North‑East. Gorgo operates three locations (two in Southern New Jersey and one in Harrisburg, PA), employs over 200 people, and will remain staffed with existing employees and owners post‑transaction.

QuickBox Fulfillment, a Pike Street Capital portfolio company, has acquired Swan Packaging Fulfillment, a Wayne, New Jersey-based provider of fulfillment, packaging and Amazon support services. Pike Street Capital provided additional capital to support the transaction and Swan owner Tim Werkley will join the combined executive team. The acquisition expands QuickBox's east‑coast footprint, increases shipping locations and value‑added services, and aims to accelerate growth through expanded technology and staffing.

Stonepeak Infrastructure Partners has signed a binding agreement to acquire TRAC Intermodal from investment funds managed by an affiliate of Fortress Investment Group LLC. The purchase gives Stonepeak a leading intermodal infrastructure platform—TRAC will keep its existing management team and continue operating its nationwide chassis fleet and service businesses under the new sponsor.

Konexial acquired the complete roster of ELD and fleet management customers from Axle Technologies (based in Jersey City, New Jersey) to expand its ELD customer base and convert AOBRD devices to telematics ahead of the FMCSA deadline. The deal will migrate Axle customers onto Konexial’s telematics-enabled My20 Tower platform and enable access to its GoLoad dynamic load-matching features.

Lynx FBO Network, a portfolio company of The Sterling Group, has acquired the assets of FTC FBO and will operate a second full-service FBO at Morristown Airport (MMU) near New York City. Stellus Capital Management provided unitranche financing and an equity co-investment to support the transaction as Lynx expands its national FBO network.