Transportation Divestitures in 2025
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December 19, 2025
- Buyer
- Union Pacific Railroad (UP)
- Target
- Union Pacific Railroad (UP)
- Industry
- Transportation
- Location
- United States
- Type
- Divestiture
BNSF CEO Katie Farmer issued a statement opposing Union Pacific’s (UP) proposed merger, citing long-term competitive harms and risks of service failures. The statement responds to UP’s merger application filing with the U.S. Surface Transportation Board (STB) and says BNSF plans to continue seeking benefits through partnership and collaboration rather than the proposed merger.
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December 3, 2025
- Buyer
- Franchise Equity Partners (FEP)
- Target
- IMO Car Wash
- Seller
- Driven Brands (Driven Brands Holdings Inc.)
- Industry
- Transportation
- Location
- United Kingdom
- Type
- Divestiture
Franchise Equity Partners (FEP) acquired IMO Car Wash, the largest tunnel car wash operator in the world, from Driven Brands. The transaction covers IMO’s full portfolio of 720 locations, primarily in the United Kingdom and Germany, with additional sites across nine other European countries and Australia.
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November 5, 2025
- Buyer
- World Kinect Corporation
- Target
- Trip Support Services division of Universal Weather and Aviation
- Seller
- Universal Weather and Aviation, Inc.
- Industry
- Transportation
- Location
- Texas, United States
- Type
- Divestiture
World Kinect Corporation (NYSE: WKC) completed the acquisition of the Trip Support Services (TSS) division of Universal Weather and Aviation, expanding its aviation service capabilities and complementing its core fuel business. The transaction is expected to be approximately 7% accretive to adjusted EPS in year one and to deliver about $15 million of annual net cost synergies by the end of year two.
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- Buyer
- Geotab
- Target
- Verizon Connect (international commercial operations in Australia and Europe)
- Seller
- Verizon Connect, Verizon Communications
- Industry
- Transportation
- Location
- Georgia, United States
- Type
- Divestiture
Geotab has acquired Verizon Connect's commercial operations in Australia and nine European countries, welcoming over 400 Verizon Connect employees as part of the deal. The transaction— which excludes Verizon Connect's product, engineering and other non-sales teams—expands Geotab's global footprint and strengthens its offering to small- and mid-sized fleets.
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July 15, 2025
- Buyer
- USIC
- Target
- Heath Consultants’ Gas Locating Division (public gas locating division), Heath Consultants’ Locate Services Division (811 Locate Services Division)
- Seller
- Heath Consultants
- Industry
- Transportation
- Location
- Indiana, United States
- Type
- Divestiture
USIC has signed a definitive agreement to acquire substantially all of the public gas locating division of Heath Consultants. The deal is expected to enhance USIC’s gas locating service offerings and capabilities, including integration via USIC’s Locate360 digital platform. The transaction is expected to close by Q3 2025, subject to customary closing conditions.
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July 4, 2025
- Buyer
- Petroleum Transport Co. Inc.
- Target
- Pope Transport (E.J. Pope & Son fuels transportation business)
- Seller
- E.J. Pope & Son
- Industry
- Transportation
- Location
- North Carolina, United States
- Type
- Divestiture
Petroleum Transport Co. Inc. has acquired the fuels transportation business Pope Transport from E.J. Pope & Son. Pope Transport operates a fleet of nearly 50 tractors and 90 trailers as a common carrier serving Virginia, North Carolina, South Carolina and Georgia; Matrix Capital Markets Group advised on the sale, which marks the Pope family’s full exit from the fuels industry.
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May 5, 2025
- Buyer
- Gridline INC.
- Target
- Shell Telematics business
- Seller
- Shell
- Industry
- Transportation
- Location
- United Kingdom
- Type
- Divestiture
Gridline Inc. has acquired Shell's Telematics business in a transaction designed to strengthen Gridline's telematics and fleet-data capabilities and expand its customer offerings. The deal includes a non-exclusive referral agreement allowing Shell customers access to Gridline services and is intended to drive synergies across fleet management, data analytics, and sustainability initiatives.
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- Buyer
- GA Telesis, LLC
- Target
- AAR Landing Gear Overhaul and Wheels & Brakes business
- Seller
- AAR CORP.
- Industry
- Transportation
- Location
- Florida, United States
- Type
- Divestiture
GA Telesis, LLC has completed the acquisition of AAR CORP.'s Landing Gear Overhaul business and Wheels & Brakes unit in a $51 million divestiture. The operations will be integrated into GA Telesis' MRO Services Division and rebranded as GA Telesis Landing Gear Services, expanding the company's landing gear MRO capabilities and adding HVOF coating technology.
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