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June 29, 2023

Funding To Cross The Valley of Death

In 1985, Sanjiv Singh worked on the first autonomous ground vehicles to operate outdoors. By 2010, he led a team that demonstrated the first autonomous full-scale helicopter flight. Now he's with Near...

By Adam Burroughs

September 9, 2022

Stevens Trucking Selects Locomation to Deploy Its Autonomous Truck Service

Locomation, a provider of autonomous trucking technology solutions, announced an eight-year agreement with Stevens Trucking Company of El Reno, Oklahoma. Locomation has previously signed contracts with Wilson Logistics, PGT Trucking, and Christenson Transportation. Stevens currently operates throughout the continental United States with its primary activity in Oklahoma, Texas, Missouri, Indiana, Illinois and Ohio....

By Dan Pender

September 9, 2022

WESCO International Merges with Anixter International

WESCO International, Inc., a provider of business-to-business (B2B) distribution, logistics services and supply chain solutions, completed its merger with Anixter International Inc., creating an industry-leading global B2B distribution and supply chain solutions company. Upon completion of the merger, Anixter became a wholly owned subsidiary of WESCO International. ...

By Dan Pender

July 3, 2020

Paceline Equity Partners Buys R.E.L.A.M.

Dallas-based PE firm Paceline Equity Partners has acquired Railway Equipment Leasing And Maintenance Inc., a Northfield-based lessor of railroad maintenance-of-way equipment, along with two affiliated companies....

By MIchael Marzec

June 19, 2020

All Pro Freight’s Chris Haas: Finding opportunities in the uncertainties

In an economy that’s going up and down, those uncertainties are what makes the commercial real estate business thrive, says Chris Haas, founder, president and CEO of All Pro Freight Systems Inc....

By Mark Scott and Jayne Gest

February 12, 2020

WW Williams purchases CP Company

W.W. Williams Co. has completed its acquisition of CP Company, which does business as CT Power and Iceberg Enterprises. The transaction should strengthen W.W. Williams with additional independent truck maintenance locations and broaden its trailer parts and related product lines....

By Jayne Gest

February 5, 2020

Maven Machines raises $7M in Series A funding

Maven Machines has raised $7 million in Series A funding, led by Allos Ventures, with additional participation from Hearst Ventures, Pittsburgh-based Riverfront Ventures, which is an affiliate of Innovation Works, Great Oaks Venture Capital and existing private investors....

By Jayne Gest

December 17, 2019

Genstar Invests In Truck-Lite

Auburn Hills-based Truck-Lite was owned by affiliates of BDT Capital Partners, Koch Equity Development and Penske Corp. As part of its investment, Genstar acquired BDT and Koch's ownership interests....

By Mark Scott

November 27, 2019

The A.D. Farrow deal offers a recapitalization case study

Earlier this year, the three-store A.D. Farrow Co. Harley-Davidson dealership was purchased by Ricart Automotive. One of the investors, Fred Vorys, walks us through the sale, which is an interesting example of a recapitalization....

By Jayne Gest

November 21, 2019

Pitt Ohio spinoff Idelic iterates quickly, including during fundraising

Hayden Cardiff approaches raising capital the same way he approaches building a product — with a lean startup methodology of build, measure and learn. The Idelic CEO discusses the company's growth and how he's applying what he's learned....

By Jayne Gest

November 18, 2019

Northern Ohio Peterbilt purchases AMG Peterbilt Group assets

Ohio Machinery, which does business as Northern Ohio Peterbilt, has agreed to purchase the operating assets of AMG Peterbilt Group, Bulk Transporter reports. The deal will expand the Broadview Heights, Ohio, company’s sales and service footprint in Central Ohio....

By Jayne Gest

November 11, 2019

Citrin raises $1M in angel funding

Citrin Holdings LLC, a Columbus provider of valet, porter and employee management services, has raised $1 million of angel funding from undisclosed investors, according to PitchBook....

By Jayne Gest

October 8, 2019

FedEx truck terminal sold to Sealy & Co.

Sealy & Company, a Dallas-headquartered commercial real estate investment and operating company in the industrial real estate market, has acquired a 252-dock door Class A truck terminal in West Jefferson. The facility’s accessible location and rapidly expanding bulk industrial submarket made it attractive to Sealy....

By Jayne Gest

September 23, 2019

Anacostia, BBH Capital Partners form Precision Terminal Logistics

Chicago-headquartered Anacostia Rail Holdings Co. and Brown Brothers Harriman Capital Partners have formed Precision Terminal Logistics, a jointly owned entity that will operate, build and acquire transloading terminals across the U.S. while headquartered in the Pittsburgh area....

By Jayne Gest

September 19, 2019

Horizon Global Closes $233M Sale Of Asia-Pacific Business Segment

Horizon Global, a manufacturer of branded towing and trailering equipment, will use the net proceeds to significantly reduce its debt and allow for increased financial flexibility....

By Mark Scott

September 11, 2019

Covia closes Winchester and Western Railroad sale

Covia, a provider of mineral-based and material solutions for the industrial and energy markets, has closed on the sale of the Winchester and Western Railroad to an affiliate of OmniTRAX, Inc....

By Adam Burroughs

August 27, 2019

Cleveland Commercial, Cleveland Harbor Belt Railroads bought by OmniTRAX

Cleveland Commercial Railroad and its wholly owned subsidiary, Cleveland Harbor Belt Railroad are set to be acquired by a managed affiliate of OmniTRAX Inc....

By Adam Burroughs

August 7, 2019

Wabtec announces pricing of public offering

Wabtec Corp. announced the pricing of 20,485,156 shares of stock, for $72.50 per share, by General Electric Co....

By Jayne Gest

July 11, 2019

TravelCenters of America backs QuikQ

TravelCenters of America LLC has provided a strategic investment in QuikQ LLC, an independent full-service fuel payment solutions provider founded in 2008....

By Adam Burroughs

May 29, 2019

Ryan and Hoa McManus go full throttle with microtransit startup SHARE

After quietly raising $5 million, the microtransit business is expanding into Cleveland, Cincinnati, Detroit, Indianapolis and Dallas, with more cities on the way....

By Jayne Gest

April 22, 2019

Uber ATG raises $1B ahead of self-driving car spinout

The development, speculated about for some time, removes a deeply unprofitable unit from the main Uber business, helping Uber scale back some of its losses...

By Jayne Gest

March 14, 2019

Irwin Car’s Bill Baker: Find synergies in your acquisition strategy

After doing nearly 60 deals throughout his career, Bill Baker knows himself. He’s a niche strategist who looks to buy companies where one-and-one makes three....

By Jayne Gest