Chevron Corp. is abandoning its $33 billion offer for oil driller Anadarko Petroleum Corp., the culmination of a monthlong bidding war in which Occidental Petroleum Corp. prevailed over a rival five times its size.
May 9, 2019Business
M&D Distributors Expands Service Network in Texas
M&D Distributors, an independent aftermarket distributor of diesel engine parts and components, announced its asset acquisition of Diesel Testers Inc., a service dealer that provides diesel engine parts and repair services through its retail location in Odessa, Texas.
May 31, 2019BusinessLogistics
GTI Acquires Jetco to Establish US Operational Platform
GTI Transport Solutions Inc., a provider of open-deck, specialized and overdimensional freight services, has acquired Jetco, a Houston-based carrier, according to a news release by GTI and its parent company, Novacap of Montreal.
May 13, 2019BusinessLogistics
Redwood Logistics Acquires Eminent Global Logistics
Redwood Logistics acquired Eminent Global Logistics, a transportation management systems implementation and service company, according to a May 9 news release.
May 13, 2019Business
AE Industrial Partners Acquires Alpine Air Express
AE Industrial Partners has acquired Provo, Utah-based Alpine Air Express Inc., a logistics and transportation company providing regional air cargo services, according to an AEI news release.
May 10, 2019BusinessFuel
Anadarko Accepts Occidental Petroleum Bid; Chevron to Make Counteroffer?
Anadarko Petroleum Corp.’s board has declared Occidental Petroleum Corp.’s sweetened $38 billion takeover “superior,” giving Chevron Corp. until May 10 to either boost its offer or walk away from the oil industry’s biggest deal in at least four years.
May 7, 2019BusinessLogistics
Universal Logistics Acquires Michael’s Cartage
Universal Logistics Holdings Inc., an asset-light transportation and logistics company, acquired Michael’s Cartage Inc., according to an April 22 news release. Terms were not disclosed.
May 3, 2019BusinessEquipment
Ridgemont Equity Partners Buys Munch’s Supply
Ridgemont Equity Partners acquired Munch’s Supply, a wholesale distributor of heating, ventilation and air conditioning equipment and supplies based in New Lenox, Ill., from Rotunda Capital Partners.
April 16, 2019BusinessLogistics
DSV to Buy Panalpina in $4.6 Billion European Logistics Deal
DSV A/S agreed to acquire Swiss rival Panalpina Welttransport Holding AG in a deal worth $4.6 billion that will create one of the world’s largest cargo-handling and logistics companies
April 1, 2019BusinessLogistics
TransForce Continues Expansion Trend by Acquiring USA Drivers
TransForce Inc. said it purchased regional staffing agency USA Drivers, marking the 14th acquisition for TransForce since 2013.
February 26, 2019