Tracked deals
10
10 tracked deals across 2019-2026.
Trucking & Fleet Buyers & Acquisitions in Illinois
Buyer mix
Mixed buyer set
7 strategic · 6 pe
Top trend
Volume peaked in 2020
4 tracked deals announced in 2020.
Primary Insight
What Stands Out
- Platform builders and service operators show up repeatedly: FleetPride, Inc., Penske Logistics, and The Kenan Advantage Group, Inc.
- Service footprint expansion is common—e.g., maintenance locations (Effingham/Mount Vernon; Rockford) and municipal towing/recovery coverage in the greater Chicago metro
- Specialization matters: multiple Illinois deals focus on liquid bulk chemicals and related storage, tank washing, and transloading capabilities
- Leadership continuity appears in several transactions, with founders and/or senior management retaining roles and ownership stakes
- Geography stays Illinois-centered while aiming to expand Midwest and broader coverage through combined operations
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Find buyers like these for your dealBuyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| FleetPride, Inc. | 2 | Nation's largest distributor of heavy-duty truck and trai... | Strategic (PE-backed) |
| A&R Logistics | 1 | Provider of dry and liquid bulk transportation, warehousi... | Strategic (PE-backed) |
| Alliance Fleet | 1 | Provider of vehicle upfitting solutions for light commerc... | Strategic (PE-backed) |
| Equity Group Investments | 1 | Private investment firm founded by Sam Zell that makes co... | PE |
| Mill Point Capital LLC | 1 | Private equity firm focused on control investments in low... | PE |
| Olympus Partners | 1 | Middle-market private equity firm that invests in growth-... | PE |
| Owner Resource Group LLC (ORG) | 1 | Private investment firm investing in manufacturing, distr... | PE |
| Penske Logistics | 1 | Supply chain and logistics operator providing dedicated t... | Strategic |
| TELEO Capital Management, LLC | 1 | Lower middle‑market private equity firm investing in tech... | PE |
| The Kenan Advantage Group, Inc. | 1 | North America’s largest tank truck transporter and logist... | Strategic (PE-backed) |
Acquisition Volume in Trucking & Fleet in Illinois by Year
Last 7 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
January 20, 2026
- Buyer
- Alliance Fleet, Owner Resource Group LLC (ORG)
- Target
- Vital Truck & Van
- Industry
- Trucking & Fleet
- Location
- Illinois, United States
- Type
- Addon
Alliance Fleet, a portfolio company of Owner Resource Group (ORG), has acquired Vital Truck & Van, a light commercial vehicle upfitter headquartered in Batavia, Illinois, with additional locations in Colorado. Vital's founders will join Alliance Fleet's leadership team and retain an ownership stake as the combined company pursues a national dropship upfitting facility network to accelerate delivery and expand geographic coverage.
-
December 12, 2025
- Buyer
- Equity Group Investments
- Target
- CIT Trucks
- Industry
- Trucking & Fleet
- Location
- Illinois, United States
- Type
- Buyout
Equity Group Investments (EGI) has made an investment in CIT Trucks, a commercial truck dealer headquartered in Normal, Illinois. EGI will partner with CIT's senior management (who retain an ownership stake) to support growth and expansion across the Midwest as the current CEO retires and the president assumes the CEO role.
-
September 24, 2024
- Buyer
- Vehicle Management Solutions LLC, Mill Point Capital LLC
- Target
- All Area W&W Towing, Inc.
- Seller
- Early Walker
- Industry
- Trucking & Fleet
- Location
- Illinois, United States
- Type
- Addon
Vehicle Management Solutions (VMS), a portfolio company of Mill Point Capital, has acquired All Area W&W Towing, a regional provider of municipal vehicle towing and recovery services based in Blue Island, Illinois. The add-on expands VMS' service footprint across the greater Chicago metro (including Harvey, Markham, Matteson and Sauk Village) and enhances its vehicle recovery, storage and traffic incident management capabilities.
-
June 6, 2023
- Buyer
- FleetPride, Inc.
- Target
- RPM Truck Repair
- Seller
- Shawn Fitzjarrald, Donna Fitzjarrald
- Industry
- Trucking & Fleet
- Location
- Illinois, United States
- Type
- Addon
FleetPride, Inc. has acquired the assets of RPM Truck Repair, a provider of truck maintenance and repair with locations in Effingham and Mount Vernon, Illinois. The deal expands FleetPride’s service footprint and capabilities in central and southern Illinois, integrating RPM’s technicians and locations into FleetPride’s national parts and service network.
-
April 13, 2021
- Buyer
- A&R Logistics, Wind Point Partners
- Target
- Luckey Trucking
- Seller
- Luckey family
- Industry
- Trucking & Fleet
- Location
- Illinois, United States
- Type
- Addon
Wind Point Partners’ portfolio company A&R Logistics has acquired Luckey Trucking, a Streator, Illinois-based provider of dry bulk, liquid bulk, dry van transportation, warehousing and rail transloading services to the chemical industry. The add-on expands A&R’s chemical supply chain platform, increasing its specialized fleet, terminal footprint and railcar transloading capabilities while key members of the Luckey family and leadership join the combined business.
-
November 30, 2020
- Buyer
- Penske Logistics
- Target
- Black Horse Carriers, Inc.
- Industry
- Trucking & Fleet
- Location
- Illinois, United States
- Type
- Buyout
Penske Logistics has agreed to acquire Chicago-based trucking company Black Horse Carriers, Inc.; financial terms were not disclosed. The acquisition, expected to close December 31, 2020, will expand Penske’s dedicated contract carriage capabilities and integrate Black Horse’s fleet and operations (Black Horse operates ~2,000 vehicles and employs more than 4,000 people).
-
November 10, 2020
- Buyer
- TELEO Capital Management, LLC
- Target
- Rand McNally
- Industry
- Trucking & Fleet
- Location
- Illinois, United States
- Type
- Buyout
TELEO Capital Management completed the acquisition of Rand McNally, a Chicago-based provider of fleet management, telematics and route mileage optimization software, as well as printed atlases and education products. TELEO said it will support Rand McNally’s next stage of growth through product investment and both organic and inorganic expansion initiatives.
-
November 10, 2020
- Buyer
- The Kenan Advantage Group, Inc.
- Target
- Fort Transfer Company
- Seller
- Brad Kahler (President/CEO and Owner of Fort Transfer)
- Industry
- Trucking & Fleet
- Location
- Illinois, United States
- Type
- Buyout
The Kenan Advantage Group, Inc. (KAG) has completed the acquisition of Fort Transfer Company, a Morton, Illinois–based liquid bulk chemical carrier and storage provider. The deal adds Fort Transfer’s terminals, 100 tractors, 249 trailers, ~2.6 million gallons of temperature-controlled storage capacity, and roughly 203 personnel (including 158 drivers/contractors and 45 operational staff) to KAG’s Specialty Products operations to expand capabilities and geographic coverage in chemical and agricultural markets.
-
- Buyer
- FleetPride, Inc.
- Target
- TransAm Truck and Trailer Parts
- Seller
- Frank Carlson, TransAm Truck and Trailer Parts
- Industry
- Trucking & Fleet
- Location
- Illinois, United States
- Type
- Buyout
FleetPride, Inc. acquired the assets of TransAm Truck and Trailer Parts of Rockford, Illinois from founder Frank Carlson. The deal expands FleetPride’s presence into the Rockford market and brings its total number of Illinois locations to eleven.
-
December 3, 2019
- Buyer
- Olympus Partners
- Target
- Heniff Transportation Systems
- Seller
- Heniff management
- Industry
- Trucking & Fleet
- Location
- Illinois, United States
- Type
- Recapitalization
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.
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Frequently Asked Questions
What parts of the trucking value chain are being acquired in Illinois?
Deals include truck maintenance and repair (e.g., FleetPride, Inc.), vehicle towing and recovery services (e.g., Vehicle Management Solutions LLC), dedicated contract carriage (e.g., Penske Logistics), liquid bulk chemical logistics and storage (e.g., The Kenan Advantage Group, Inc.), and fleet management/telematics (e.g., TELEO Capital Management, LLC).
Which recurring buyers appear across these Illinois acquisitions?
Recurring names include FleetPride, Inc., The Kenan Advantage Group, Inc., Penske Logistics, A&R Logistics (backed by Wind Point Partners), Equity Group Investments, Olympus Partners, and Vehicle Management Solutions LLC (with Mill Point Capital LLC).
Do these deals tend to keep existing management involved?
Several transactions describe leadership continuity. For example, deal summaries note founders and/or senior management joining the combined organization and retaining ownership stakes in cases involving Alliance Fleet, CIT Trucks, and Luckey Trucking.
Are the acquisitions limited to Illinois-based targets?
The listed deals are shown as Illinois acquisitions and targets are headquartered in Illinois in multiple cases (e.g., Batavia, Normal, Blue Island, Effingham/Mount Vernon, Streator, Chicago, Oak Brook, Morton, Rockford). Some summaries also reference expansion beyond Illinois (such as broader Midwest or national facility network goals).
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