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Mergers & Acquisitions

Cummins Acquires Electric and Hybrid Powertrain Provider

Cummins has acquired Efficient Drivetrains Inc., a Silicon Valley-based company known for producing hybrid and electric power solutions for the commercial market.

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Geotab Acquires EV Telematics Company

Geotab has acquired FleetCarma, a Canadian telematics company that specializes in the management of electrified vehicles, the telematics provider announced at its Geotab Connect conference in Toronto today.

Velocity Truck Centers Acquires Sierra Freightliner

Velocity Truck Centers, a commercial vehicle dealership group in the Southwest, has acquired Sierra Freightliner Sterling Western Star, extending the company’s reach in Nevada.

OMNIA Partners Purchases U.S. Communities

OMNIA Partners, parent company of National IPA, is purchasing U.S. Communities, which will merge two national government cooperative purchasing groups.

Verizon Connect: Mobile Workforce Solutions for Government Fleets

Jay Jaffin, chief marketing officer of Verizon Connect, explains how Verizon Connect combines three leading telematics providers on a single platform that offers a wide range of scalable mobile workforce solutions, services, and features to public fleet customers. Read the full story here.

The Toro Company Acquires L.T. Rich Products

The Toro Company has acquired L.T. Rich Products, a manufacturer of commercial zero-turn spreader/sprayers, aerators, and snow and ice management equipment.

Three Telematics Platforms Rebrand as Verizon Connect: What That Means for Government Fleets

Verizon Connect unifies three leading telematics providers on a single platform that offers a wide range of scalable and “future-proof” solutions, services, and features to public fleet customers.

Braun and Demers Ambulances Merge, Expanding North American Reach

As two of the largest independent ambulance manufacturers in North America, this merger will create the second largest ambulance manufacturer in the region with greater scale to grow and pursue innovation.

H.I.G. Capital Acquires Wastequip

Wastequip, a North American manufacturer of waste equipment, announced it has signed a definitive agreement to be acquired by H.I.G. Capital, LLC, a global private equity investment firm. Wastequip has been owned by Centerbridge Partners, L.P. since 2012.

TAG Truck Centers, Lonestar Truck Group Merge

TAG Truck Centers and the Lonestar Truck Group have merged into a new company called TNTX. The two companies will align under the TNTX entity in the coming months.