Trucking & Fleet Acquisitions in 2019

Grammer Industries, a Stellex Capital-backed hazardous materials transportation and logistics company, has acquired LiMarCo Logistics, a regional LPG/NGL hauler based in Houston with a terminal in Corpus Christi. The acquisition (closed December 6, 2019) adds 26 tractors, 41 trailers and 15 independent contractors to Grammer's NGL division and expands Grammer's footprint in Texas, Louisiana and Oklahoma.

Stamford-based private equity firm Olympus Partners has recapitalized Heniff Transportation Systems alongside Heniff management. Heniff, headquartered in Oak Brook, Illinois, is a leading provider of bulk liquid trucking, tank washing, ISO and transloading services operating an integrated network of over 40 U.S. terminals; Olympus will provide capital to support the company’s next phase of growth and expansion.

Badlands Tank Lines acquired Twin Eagle Transport, a division of Twin Eagle Midstream Assets, to create a larger crude oil transportation platform with expanded scale and reach. Bridgepoint Investment Banking acted as sole buy‑side M&A advisor and financing arranger on the transaction, which positions Badlands among the larger carriers with a combined fleet of over 170 trucks across major U.S. oil basins.

Chicago-based private equity firm Wind Point Partners has acquired A&R Logistics, a Louisville-headquartered provider of integrated dry bulk logistics for the chemical and plastics industries. Wind Point will partner with A&R management to expand the company’s domestic infrastructure, grow export capabilities in the Southeast ports, and pursue add-on acquisitions to increase scale and service scope.

Omnitracs acquired Blue Dot Solutions to integrate Blue Dot's cloud-native MilesAhead driver and back-office workflow platform into the Omnitracs One fleet-management suite. The deal expands Omnitracs’ driver workflow, back-office usability and analytics capabilities, improving configurability and user experience across fleet operations.

TRP Capital Partners and Waterfall Asset Management have made a strategic growth investment in Flex Fleet Rental to support the truck-rental company's long-term expansion and investments in tools and technology. The funding will back Flex Fleet's national fleet of light- and medium-duty trucks and support continued service and capability enhancements for commercial customers across the United States.

Trivest Partners has made a growth (non-control) investment in LubeZone, Inc., a Minneapolis-based network of preventative maintenance centers serving heavy- and medium-duty trucks. The transaction is a platform investment from Trivest's TGIF fund to support LubeZone’s organic growth and pursuit of strategic add-on acquisitions across Texas, Oklahoma and Georgia.