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Mergers & Acquisitions

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.

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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.

U.S. Fleet Upfitting Industry Experiencing Uptick in Consolidation

The fleet industry in the United States is no stranger to acquisitions and mergers as we have witnessed with the decades long consolidation occurring among fleet leasing and management companies, automotive OEMs and their suppliers, and daily rental companies. The same holds true for the upfitting industry, which, in the first eight months of 2017, witnessed an uptick in acquisitions.

2017 Fleet Management Trends: Telematics

Consolidation among telematics providers in 2016 could create opportunity in 2017 for greater differentiation, increased connectivity, better pricing, and more standardization of features for fleets who add this technology, according to fleet management company experts.

Navistar, Volkswagen Announce 'Wide Ranging Strategic Alliance'

Volkswagen Truck & Bus is taking a 16.6% equity stake in Navistar International Corp. as part of a “wide-ranging strategic alliance” that will initially focus on providing powertrains for Navistar trucks starting in 2019.

How Car Rental Companies Are Not Like Airlines

The comparison comes up regarding consolidation and its ability to improve pricing — but it’s not apples to apples.

Analyzing the Future of Fleet

It’s time to put another year in the books and look forward to 2016. Take some time to analyze current and future trends and how that will impact your fleet operation.

Merger Mania Hits Fleet Market, Again

Merger mania is hitting the fleet market once again. We’re hearing about potential OEM consolidations and we now have Element Financial Corp. expanding its foothold in the U.S., with the acquisition of GE Capital Fleet Services on the heels of its recent purchase of PHH.

Investor Consortium to Acquire LeasePlan Corp.

The Dutch parent of LeasePlan USA, which is one of the largest global fleet management companies, will be sold to a consortium of investors including pension funds in The Netherlands, Denmark, and Singapore.

Why Element Wants to Buy the Fleet Businesses of GE Capital

Element Financial Corp. has reached a definitive agreement to buy GE Capital's fleet assets in the U.S., Mexico, Australia, and New Zealand. Separately, Arval will acquire the European portion of GE's fleet business.