Transportation & Logistics M&A deals

Maxwell Street-backed Port Jersey Logistics Network acquired Fond du Lac, an Edison, NJ temperature-controlled warehousing and final-mile provider.

Infrastructure investor Stonepeak closed its acquisition of Chicago Parking Meters, LLC, operator of the City of Chicago's on-street parking system. It bought the business from a consortium of Morgan Stanley Infrastructure Partners, Allianz and an Abu Dhabi Investment Authority subsidiary after receiving all regulatory approvals.

Stord acquired third-party logistics provider AMS Fulfillment, which processes more than 10 million orders a year.

Online vehicle auction giant Copart has closed its acquisition of ACV Auctions, the NYSE-listed digital dealer-to-dealer auction platform. CEO Jay Adair called the deal an important milestone in Copart's growth strategy. Terms were not restated in the announcement.

Tanker operator International Seaways agreed to acquire Oslo-listed Bruton Limited in a series of transactions valuing Bruton at about $370 million. The deal adds Bruton's four VLCC vessels, including newbuildings, to Seaways' diversified crude and product tanker fleet.

NX Group acquired all shares of Montreal-based contract logistics company Metro Supply Chain Group on October 1, making it a core platform for its global contract logistics business.

Noor Companies bought New York moving company FlatRate and plans a national franchise expansion.

Penske Automotive Group agreed to be taken private by an entity owned by Penske Corporation and Mitsui & Co., which will pay public holders $212.00 per share in cash. The deal values the auto and commercial truck retailer at an enterprise value of about $16.3 billion. The price is an 8.84% premium to the October 14 close. Penske will own about 64% after closing and Mitsui about 36%.

Corporación América Airports bought about 5.789% of Toscana Aeroporti from SOGIM for €19.0 million.

STA Jets agreed to buy Colorado-based charter and aircraft management operator International Jet.

The Hart-Scott-Rodino waiting period on Copart's pending acquisition of ACV Auctions expired at 11:59 p.m. ET on October 13. Copart launched a cash tender offer for ACV on September 17 through a wholly owned subsidiary. With U.S. antitrust review cleared, the tender offer can move toward completion.

JLL Partners is acquiring Munich-based healthcare logistics firm Life Couriers, backed by a €130M credit facility led by Bain Capital.

Fraikin's majority owners Benefit Street Partners, Värde Partners and Canyon Partners entered an exclusive agreement with Asterion Industrial Partners over a contemplated acquisition of the pan-European commercial vehicle leasing group. Fraikin generates about €1 billion in revenue and runs a fleet with a gross book value of roughly €3 billion; no price was disclosed.

Constellation Cold Logistics bought Norwegian cold storage firm Impruv Logistics, adding 25,000 temperature-controlled pallet positions in Norway.

Japan's NX Group has completed its acquisition of Montreal-based third-party logistics provider Metro Supply Chain. Metro will keep its name and management in Canada, the U.S. and the UK, and founder Chiko Nanji stays on as Group Chairman. Terms were not disclosed.

C.H. Robinson agreed to acquire freight broker RXO in a cash-and-stock transaction valued at $5.8 billion. RXO stockholders will receive $17.25 in cash plus 0.0856 C.H. Robinson shares per RXO share, an implied $30.25 per share. The merger agreement was signed on October 5, 2026.

TOP Ships agreed to buy four SPVs holding MR tanker newbuilding contracts from a related party for about $34.95M.

Radiant Logistics bought Whitacre Logistics' Dallas intermodal and brokerage business, with part of the price tied to future performance.

Coast Counties Peterbilt acquired Peterbilt Truck Parts & Equipment, expanding into Northern Nevada.

C.H. Robinson announced an agreement to acquire RXO, combining two of North America's larger third-party logistics providers. The company framed the deal as redefining the future of 3PL while unlocking shareholder value. Terms were not detailed in the announcement.

PS Logistics division TA Services acquired the assets and operations of Carmen Pacheco Transportation and Interload Forwarding, adding five warehouses totaling over 550,000 square feet and operations in El Paso and Laredo.

Redwood Logistics acquired Connecticut-based supply chain technology advisory firm JBF Consulting, forming the new Redwood Advisory practice.

TOP Ships completed a share purchase agreement acquiring three SPVs holding shipbuilding contracts for high-specification ECO MR product tankers due in 2029, each with a five-year charter to an oil major.

H.I.G. Capital completed the acquisition of Torque Holdings, a UK omnichannel fulfilment and supply chain services provider, in partnership with management, which stays on to lead.

St. Louis-based Flanagan-White Delivery/Express merged with Zipp Express, combining two regional carrier networks into one of the Midwest's largest locally owned trucking and logistics operations as Flanagan-White's president retires.

H.I.G. Capital completed the acquisition of Torque Holdings, a UK omni-channel fulfilment and supply chain services provider, in partnership with management. Terms were not disclosed.

A.P. Moller Capital has agreed, through a separately managed fund vehicle, to acquire a majority stake in Euroports Group, which runs more than 50 deep-sea and inland terminals across 10 European countries and China and handles over 70 million tonnes of cargo a year. Existing shareholders SFPIM and PMV will stay on, and management, governance and strategy remain unchanged. Terms were not disclosed.

Italian mobility assistance platform hlpy acquired 100% of vehicle logistics company Carvoilà, with BNP Paribas BNL Equity Investments joining its shareholder base.

More than 500 shipper customers have publicly backed the proposed Union Pacific and Norfolk Southern combination in Surface Transportation Board filings.

South Carolina Gov. Henry McMaster wrote to the Surface Transportation Board supporting the proposed Union Pacific-Norfolk Southern rail combination.

Centre Partners and Altivare Capital Partners completed the acquisition of Navajo Expedited, a technology-enabled freight logistics provider based in Lakeland, Florida.

Spartan Logistics acquired Whitehouse, Ohio warehousing company Allen Logistics, adding 100,000 square feet of capacity effective September 1, 2026.

RTB Holdings acquired Boost Transport, a Georgia-based managed transportation, LTL, parcel and fulfillment provider, adding it to the AMX Companies; terms undisclosed.

Enstructure closed its acquisition of LOGISTEC's marine services division, creating a network of 106 terminals across 30 states and provinces with about 6,000 employees.

ASUR completed its acquisition of Motiva's entire equity interest in Companhia de Participações em Concessões for R$5.1 billion (US$992.2 million), adding 20 airports across Brazil, Ecuador, Costa Rica and Curaçao.

Imperative Logistics combined with RM Customhouse Brokers, an El Paso-based customs brokerage and bonded warehousing firm founded in 1948; terms were not disclosed.

Mubadala Capital agreed to acquire a majority equity interest in Austin-based truckload brokerage Arrive Logistics, with ATL Partners, Lead Edge Capital and management retaining stakes.