Transportation Acquisitions in United States

Expedition:Earth, a Texas-based multi-brand operator in high-end experiential travel, announced a strategic investment in EXPLORE, Inc., a luxury tour operator focused on private, custom-designed travel throughout Africa and select global destinations. The transaction is Expedition:Earth’s initial platform partnership and the cornerstone of its buy-and-build strategy in the tour operator sector. Providence Investment Partners provided debt and equity financing to support Expedition:Earth’s acquisition of EXPLORE.

W&B Service Company acquired Sanders Trailer Service, a full-service semi-trailer dealership and repair provider focused on agricultural and specialty trailers. The deal expands W&B’s geographic footprint with three new locations in Kansas and western Missouri, strengthening its trailer sales, parts, rentals, and service capabilities. W&B Service Company is a portfolio company of Stellex Capital Management.

PrimeFlight Aviation Services acquired GAT Airline Ground Support, Inc. from Atlantic Street Capital. Headquartered in Peachtree City, Georgia, GAT provides airline ground handling, cargo handling, and catering services via its Sky Café brand across the United States and Canada, operating at nearly 70 airports across North America.

Bain Capital acquired APP Jet Center, a five-location fixed-base operator (FBO) platform providing aviation services at supply-constrained airports in the United States. APP Jet Center was purchased from Ridgewood Infrastructure for undisclosed terms, with former Signature Aviation CEO Mark Johnstone set to lead the business as Bain looks to expand the platform through additional acquisitions and investments.

Tailwind Capital, a growth-oriented private equity firm, made an investment in Valor Fleet Services to support the company’s next phase of expansion and platform-building in the fragmented towing and roadside services market. Valor Fleet Services, headquartered in Leesburg, Virginia, provides light- and heavy-duty towing, specialized transport, recovery, storage, and roadside assistance across 14 locations.

Talon Air, a Long Island-based private jet charter, aircraft management, and maintenance provider, was acquired in a private transaction that closed on January 2, 2026. The new ownership group is led by Talon Air CEO James Chitty and COO Nicholas Piazza alongside an aviation-focused investment group, returning the company to independent ownership after several years of affiliation with Vista.

GATX Corporation completed the acquisition of Wells Fargo's rail operating lease portfolio through a joint venture with Brookfield Infrastructure, acquiring approximately 101,000 railcars for an estimated purchase price of about $4.2 billion. Separately, Brookfield Infrastructure completed the acquisition of Wells Fargo's rail finance lease portfolio, consisting of roughly 22,000 railcars and about 400 locomotives, with GATX serving as manager of the joint venture railcars as well as Brookfield’s directly owned finance lease assets.

Custom Tours, Inc., doing business as Kushner & Associates (K&A), was recapitalized by affiliates of Caldicot Capital and Tamarix Capital Partners, with the transaction closing on December 18, 2025. Existing owner-operator Susan Kushner will remain CEO and retain a significant ownership stake; deal terms were not disclosed.

An affiliate of H.I.G. Capital completed the acquisition of Shore Excursions Group, LLC, the largest independent provider of shore excursions for cruise passengers. Marathon Asset Management and Webster Bank closed a senior-secured credit facility to support the transaction, with Marathon as Lead Left Arranger and Webster as Administrative Agent.

Grupo Aeroportuario del Sureste (ASUR), through its subsidiary ASUR US Commercial Airports, LLC, completed the acquisition of URW Airports, LLC for an enterprise value of $295 million. ASUR acquired 100% of URW Airports’ equity from Westfield Development, Inc., a wholly owned subsidiary of Unibail-Rodamco-Westfield, and will operate the business as ASUR Airports, LLC. The deal expands ASUR’s U.S. airport retail concessions and terminal commercial program operations across major hubs including JFK, LAX, and Chicago O’Hare.

JDC, a portfolio company of Kinderhook Industries, acquired Atlas Truck Sales, Inc. and Atlas Bucket Rentals, Co. (collectively “Atlas”). Atlas is a family-owned business in Channelview, Texas specializing in the sale and rental of bucket trucks and digger derricks, and the deal expands JDC’s presence and regional density in Texas; financial terms were not disclosed.

Prime Appearance acquired Immaculate Flight in a stock deal, combining two aircraft appearance services providers under the Prime Appearance brand. Immaculate Flight will integrate and rebrand under Prime Appearance, expanding coverage across key U.S. markets and adding scale through service at more than 200 airports.

Republic Airways Holdings Inc. announced the completion of its merger with Mesa Air Group, Inc., creating a combined publicly traded regional airline. Under the merger terms, Republic stockholders own approximately 88% of the combined company’s common stock, while Mesa stockholders will own at least 6% and up to 12%, subject to settlement of Mesa’s pre-closing obligations.

America's Auto Auction acquired Jefferson Mid-State Auto Auction in Wisconsin and United Mobile Auctions in North Carolina as part of its continued nationwide expansion. Jefferson Mid-State will operate as America's Auto Auction South Wisconsin, while United Mobile Auctions will operate as America's Mobile Auto Auction Carolina Inc., expanding America's in-lane and mobile wholesale vehicle auction footprint.

Vehicle Management Solutions LLC (VMS), a portfolio company of Mill Point Capital, acquired AutoBase Inc., a national provider of safety service patrol and traffic incident management services. The deal expands VMS’ Safety Service Patrol capabilities and broadens its geographic reach to better serve state and municipal transportation agencies across the United States.

Safe Harbor Marinas acquired Port Annapolis, a 16-acre boatyard and marina facility in the Annapolis area featuring a 250-slip marina, dry storage, and full-service boatyard capabilities. The transaction closed on November 11, 2025, and added Port Annapolis as Safe Harbor’s 151st location worldwide; Safe Harbor subsidiary Bluewater Yacht Sales plans to relocate to the site in early 2026.

Atlantic Aviation has acquired Jet Center at Santa Fe, a full-service fixed-base operator (FBO) located at Santa Fe Regional Airport (SAF). The deal expands Atlantic Aviation’s Southwest footprint and represents its third location in New Mexico, with the facility immediately transitioning to operate under the Atlantic Aviation brand.

Signature Aviation signed an agreement to acquire Fort Lauderdale Executive Jet Center, a full-service private aviation terminal at Fort Lauderdale Executive Airport (FXE). The transaction closed on October 31, 2025, adding the FXE facility to Signature’s global network and expanding its South Florida presence.

flyExclusive, Inc. entered into a structured agreement with Volato Group, Inc. to acquire Volato’s aircraft sales division in exchange for $2.1 million of flyExclusive (FLYX) stock. The agreement also gives flyExclusive the right to acquire Volato’s Vaunt luxury experiential travel app and Mission Control private aviation operations software (and other IP) for an additional $2.0 million of FLYX stock, providing flexibility to bring these technology assets in-house.

Student Transportation of America (STA) acquired Universal Transportation Systems (UTS), with Northborne Partners serving as exclusive financial advisor to UTS. UTS is a major independent student transportation provider in Ohio serving the Cincinnati and Columbus metropolitan areas. Financial terms were not disclosed.

Hoffmann Family of Companies (HF Companies) announced it has acquired Olympus Limo, a luxury chauffeured ground transportation provider. The transaction adds Olympus—serving the Tampa Bay area and more than 350 cities worldwide—to Hoffmann’s Aviation & Transportation vertical under Hoffmann Transportation, expanding its premium global transportation footprint.

Leviate Air Group announced the strategic acquisition of the business operations of Vault Aviation, LLC, a Texas-based private aviation services provider serving sports, entertainment, and high-net-worth clients. The transaction closed on October 1, 2025, and Vault’s client relationships will be integrated with Leviate’s FAA-certified fleet and aviation services capabilities to expand Leviate’s reach in specialized private aviation markets.

Federal regulators approved Watco’s acquisition of the 420-mile Michigan regional Great Lakes Central Railroad (GLC), with the transaction set to become effective September 28. The U.S. Surface Transportation Board granted the deal subject to a condition that Watco maintain currently active GLC and Ann Arbor Railroad gateways on commercially competitive terms, subject to cooperation from third-party interline partners.

America's Auto Auction, part of America's Group, announced the acquisition of America's Auto Auction Minnesota, formerly known as Mid-State Auto Auction in New York Mills, Minnesota. The deal expands America's Auto Auction's footprint to 21 states and strengthens its Midwest presence while keeping the local team in place.

Seneca Partners acquired Nomlas Ventures Inc. (doing business as Busmax), a passenger bus, van, and car rental business headquartered in Rome, Georgia. Backcast Partners supported the transaction by structuring and agenting senior secured debt financing with warrants. The Salmon family, which has owned Busmax for over 40 years, will retain an ownership stake following the acquisition.

Vehicle Management Solutions (VMS), a portfolio company of Mill Point Capital, acquired Dynamic Towing Holdings, a leading private-property impound towing operator serving Dallas and surrounding North Texas communities. The deal expands VMS’s Dallas–Fort Worth footprint and integrates Dynamic into VMS’s technology-enabled vehicle management platform and service network.

TBO, a travel distribution platform headquartered in India, acquired U.S.-based luxury travel specialist Classic Vacations for $125 million. The deal brings Classic Vacations (previously owned by Najafi Companies) into TBO’s portfolio, while Classic Vacations will continue operating as an independent brand and leverage TBO’s technology and distribution capabilities.

Atlantic Aviation expanded into Montana by acquiring Glacier Jet Center at Glacier Park International Airport in Kalispell, adding its first Montana location to its nationwide FBO network. The transaction also included the acquisition of Rocky Mountain Aircraft Services, which will provide Part 145 maintenance services at the airport under Atlantic Aviation.

Joby Aviation, Inc. has completed its acquisition of Blade Air Mobility's passenger business. The deal adds Blade’s network of terminals and customer base in markets including New York and Southern Europe, supporting Joby’s planned commercial launch of its electric air taxi service. Joby will operate the acquired passenger business as a wholly-owned subsidiary led by Blade founder and CEO Rob Wiesenthal.

Menzies Aviation, an Agility Global company, acquired G2 Secure Staff from Tenex Capital Management in a transaction that closed on August 26, 2025. G2 Secure Staff provides outsourced aviation services to U.S. airlines across terminals, cabins, ramps, cargo, and security functions, operating at approximately 90 airports nationwide.

Access Holdings sold its student transportation platform, American Student Transportation Partners (ASTP), to funds managed by CVC DIF. ASTP was launched in 2021 following Access’ acquisition of Krise Transportation and expanded to serve over 50 school districts with 2,300+ vehicles across three states.

Mantucket Capital Management Corporation, a Denver-based private investment firm, acquired Turbo Terminal Tractors, a Gainesville, Georgia-based provider of terminal tractor sales, leasing, rentals, and service. Turbo is described as an affiliated entity of Syfan Logistics, and the Syfan family is referenced as the prior owner/supporter. Mantucket intends to support Turbo’s continued expansion of its nationwide fleet, service capabilities, and end markets.

Fundamental Advisors acquired Trans Aero Ltd, an operator of utility, fire suppression, and MedEvac helicopter services. The deal adds Trans Aero’s fleet of 11 helicopters to Fundamental’s public service helicopter investment strategy to support essential aviation services across the United States. Transaction terms were not disclosed.

Orikan Group completed its acquisition of Global Parking Solutions USA (GPS USA), expanding its presence in the North American parking market. Following the close, GPS USA leaders Michael Kavur, Philippe Swale, and Adrian Mandreanu joined Orikan in senior Americas-focused roles, supporting the rollout of on-street and multispace parking solutions in the US.

Flexjet, a global private aviation company, closed an $800 million equity investment from a consortium of strategic investors led by L Catterton, with participation from affiliates of KSL Capital Partners and the J. Safra Group. The financing is described as the largest equity investment in the history of private aviation and will support Flexjet’s investments in workforce, infrastructure, and fleet modernization while existing shareholders remain in control.

Fortbrand Services LLC, a portfolio company owned by funds advised by Basalt Infrastructure Partners LLP, acquired Xcēd Aviation Services LLC from Sasser, Inc. The deal adds a leading aviation ground support equipment (GSE) leasing and fleet management business to Fortbrand, expanding the combined fleet to more than 4,900 pieces of equipment operating across over 190 airports in North America and the United Kingdom.

RB Global, Inc., through its wholly owned subsidiary Ritchie Bros. Auctioneers (America), Inc., completed the acquisition of J.M. Wood Auction Co., Inc. The deal expands Ritchie Bros.’ regional presence and service offerings in Alabama and adjacent states while keeping J.M. Wood’s Montgomery headquarters, in-person auction format, and leadership team.

Rent-A-Container (RAC), a portfolio company of Kinderhook Industries, acquired The Eagle Leasing Company, a provider of portable storage containers, ground level offices, semi-trailers, and mobile office solutions across the Northeast United States. The combination creates one of the largest independent portable storage and ground level office leasing networks in the United States, expanding RAC’s footprint across the East Coast and beyond.

T. Parker Host (HOST) acquired Transmarine Navigation Corporation (TNC), a U.S. tramp ship agency headquartered in Long Beach, California, effective July 1, 2025. The combination expands HOST’s geographic reach into the U.S. Pacific Coast and Hawaii and creates what the companies describe as the largest tramp ship agency operation in the United States, integrating Transmarine’s West Coast footprint with HOST’s East and Gulf Coast capabilities.

Triton International Limited completed its previously announced acquisition of Global Container International LLC (GCI). GCI operates a container fleet of roughly half a million TEU and will be integrated into Triton’s container leasing platform to expand Triton’s fleet and long-term lease portfolio.

Guardian Fleet Services announced a strategic merger/partnership with Howard's Wrecker Service, a towing and recovery provider based in Smyrna, Georgia serving the Atlanta market. The combination expands Guardian’s service coverage in Georgia, including Atlanta, while Howard’s President Phil Howard will continue to lead the business and support the combined team.

Roebling Capital Partners led a strategic growth investment in White Stone Fleet Service, LLC, a mobile fleet maintenance provider headquartered in Hamilton, Ohio. The investment is intended to fund White Stone’s expansion across the Midwest and beyond, including technology adoption and talent recruitment, with Roebling joining the company’s board.

Synapse ITS, a portfolio company of Vance Street Capital, acquired GovComm, a Florida-based traffic technology company specializing in wrong-way vehicle detection systems. The deal expands Synapse ITS’s safety-focused intelligent transportation systems platform and supports the national rollout of GovComm’s field-tested technology, which is deployed across Florida and approved by the Florida Department of Transportation.

MedTrust Holdings acquired North State Medical Transport, an ambulance and medical transport provider based in North Carolina. The transaction was advised by VERTESS and closed at the beginning of March 2025; financial terms were not disclosed.

Propark Mobility acquired VIP Valet, a valet parking services provider based in Cleveland, Ohio. Founded in 2009 by Max Niyazov, VIP Valet serves hotels, restaurants, private events, and healthcare facilities, and the deal supports Propark’s strategic expansion across key U.S. markets.

FlyUSA announced it has acquired TRYP Air Charter and its affiliated company, MySky Aviation Solutions, to expand its private aviation charter and aircraft management operations across Florida and the Southeast United States. The deal increases FlyUSA’s aircraft under management from 24 to 28 and boosts on-fleet charter aircraft from eight to 12, strengthening its combined turboprop and light jet fleet presence in the region.

VIP Aviation Holdings acquired VIP Hospitality, LLC, an airport hospitality and customer experience services provider headquartered in Seattle, Washington. The buyer group is led by aviation and hospitality industry veterans Robert Greene, Sachi Greene, and Jeff Osatinski, and the transaction closed on May 2, 2025.

Thillens, the Midwest’s largest independent armored service provider, has been sold to Edessa Growth Partners, a search fund led by Resit Melik, who will become the company’s new CEO. Peakstone Group served as Thillens’ exclusive financial advisor on the transaction. Financial terms were not disclosed.

Funds managed by Blackstone Infrastructure completed the acquisition of Safe Harbor Marinas from Sun Communities for $5.65 billion. Safe Harbor is described as the largest marina and superyacht servicing business in the United States and the largest owner and operator of marinas globally; the deal was previously announced on February 24, 2025 and closed on April 30, 2025.

America's Auto Auction, part of America's Group, has acquired South Georgia Auto Auction to expand its footprint in the southeastern United States. South Georgia Auto Auction operates a 7-acre facility in Albany, Georgia, hosting weekly dealer-consigned, fleet, lease, and repo vehicle auctions across two lanes with in-lane and simulcast sales.

Celebrity Coaches, backed by private equity firm Allied Industrial Partners, acquired BandWagon RV Rentals, an RV provider focused on mid-level tour transportation for the entertainment industry. The deal expands Celebrity’s fleet to more than 120 vehicles and broadens its touring transportation offering; transaction terms were not disclosed. BandWagon’s leadership team, including founder Marvin Clarke and president Jeremy Clarke, will remain with the combined business.

Amerit Fleet Solutions acquired Vector Fleet Management to expand its fleet maintenance, repair, and parts management service offerings, particularly in state and local government and heavy industrial fleet segments. Vector will continue operating under its brand and leadership, while Amerit—backed by New Mountain Capital—broadens its nationwide end-to-end fleet solutions capabilities.

Suntex Marina Investors, LLC (Suntex) announced the acquisition of Conch Harbor Marina, located in Key West, Florida. The deal expands Suntex’s marina portfolio and presence in the Florida Keys, adding a historic Clean Marina-designated facility in the Key West Bight area.

Leste Group entered into an agreement to acquire a minority stake in Billor, a vertically integrated freight and fintech platform serving U.S. truck drivers. As part of the transaction, Leste also arranged a $335 million credit facility to help accelerate Billor’s growth, including fleet expansion and enhanced technology capabilities. Additional financial terms were not disclosed.

Student Transportation of America (STA) completed a series of acquisitions over the past twelve months to expand its U.S. operations and broaden its nationwide customer footprint. The acquired operators include Visconti Bus Service, VW Trans, Birnie Bus Service/Birnie Transit, Desert Choice Transport, West Point Tours, and Brandt Buses/Assist-to-Transport, collectively expected to add more than $70 million in annual revenue.

Premier Private Jets acquired ASI, a long-standing fixed base operation (FBO) serving business aircraft at Dayton International Airport in Dayton, Ohio. The deal expands Premier’s FBO capabilities and capacity at its Dayton hub to better support maintenance customers, local operators, and transient traffic, with ASI to be integrated and rebranded into the PremierFBO network while retaining ASI’s staff and local leadership.

Allegiance Trucks acquired HFI Truck Center, a family-owned Isuzu commercial truck dealership based in Mountainside, New Jersey. The transaction was advised on the sell-side by Performance Brokerage Services, and the dealership will be renamed Allegiance Trucks while remaining at its existing Mountainside location.

Fundamental Advisors launched a helicopter investment strategy and acquired HeloAir, Inc., a regional operator of utility and fire suppression helicopters. HeloAir, based in Richmond, Virginia, will continue to be led by founder and president Whit Baldwin, who will retain a stake in the business. Financial terms were not disclosed.

Guardian Fleet Services acquired Texas Auto Carriers, Inc. (TAC), a San Antonio, Texas-based provider of towing, recovery, heavy hauling, and auto transport services. The deal also includes TAC’s affiliated brands Ironcat, LLC and Wheelcat Logistics, LLC, expanding Guardian’s offerings and strengthening its presence in Southern Texas.

Vehicle Management Solutions LLC (VMS), a portfolio company of Mill Point Capital LLC, acquired the assets of Rendered Services, Inc.'s South Chicago operations (RSI South). The deal expands VMS’ footprint in the Greater Chicago area and strengthens its vehicle management and relocation towing services offering for private property customers.

American Safety LLC has acquired New Orleans Tours to expand its charter transportation fleet ahead of Super Bowl LIX in New Orleans. The deal adds New Orleans Tours’ 18 shuttles and buses, bringing American Safety’s fleet to more than 200 vehicles and strengthening its capacity for group and event transportation across the Gulf Coast.

Pangaea Logistics Solutions Ltd. completed a transaction to combine its dry-bulk fleet with fifteen handy-size dry bulk vessels owned by Strategic Shipping Inc. In exchange, Pangaea issued 18,059,342 shares (about 27.6% of its post-transaction outstanding common stock) and assumed vessel-related financing, valuing the contributed vessels at approximately $271 million gross and $171 million net.

Guardian Fleet Services acquired Isaacs Wrecker Service, a towing, recovery, and specialized transportation provider based in Tyler, Texas. The deal expands Guardian Fleet Services’ presence in Texas from the Dallas–Fort Worth area into East Texas along the I-20 corridor, increasing its Texas terminals to 11. Isaacs Wrecker Service founder Keith Isaacs will remain with the business as Vice President of the Texas Market.

Medstar, a non-medical transport company based in Washington, acquired ATS Trans, LLC, a Tacoma-based provider of non-medical transportation services. The transaction was facilitated by IAG, with the seller (Dianne Hutchins) agreeing to finance the entire deal amid pandemic-related lending challenges. The acquisition expands Medstar’s fleet and service capabilities while preserving ATS Trans employees and customer service continuity.

ParagonX Holdings, Inc. announced it has entered into agreements to divest Canary Travel and AV Rover, though both businesses have withdrawn participation in the 3(a)(10) settlement with EROP and related notes/contingent liabilities tied to their purchase agreements were canceled. The company also noted ongoing creditor negotiations and a separate letter of intent for an accretive acquisition, but no acquirer for the divestitures was disclosed.

Stonepeak completed the acquisition of Air Transport Services Group, Inc. (ATSG) in an all-cash transaction valued at approximately $3.1 billion in enterprise value. Under the merger agreement, ATSG shareholders receive $22.50 per share in cash, and ATSG has been taken private with its shares ceasing to trade on NASDAQ.

Leviate Air Group reached an agreement to acquire a majority interest in Chairman Aviation to accelerate Leviate’s growth in private aviation and expand its service offerings. Chairman Aviation will continue operating under its own air carrier certificate while integrating operations such as fleet management with Leviate, including the addition of aircraft like Citation X, Citation X+, and Citation CJ3+ to the combined fleet.

Vantage Aviation acquired Dominion Aviation, the sole-source fixed-base operator (FBO) at Richmond Executive – Chesterfield County Airport (FCI). Dominion provides FBO services alongside aircraft management and charter, MRO/Part 145 repair station services, and flight training/aircraft rental. Dominion founder and CEO Mike Mickel will remain with the business, focusing on aircraft management services.

HOLT Truck Centers, a HOLT Group operating company, has acquired Kyrish Truck Centers, a family-owned dealer of new and used on-highway trucks. Kyrish operates 20 International Motors, Fleetrite Truck Parts, Idealease, and Longhorn Bus dealerships and service centers across Texas, and the deal expands HOLT Truck Centers to 35 locations and adds approximately 550 employees.

Dreamliner, a Nashville-based custom coach provider, acquired specialty entertainment transportation carriers Shomotion and Show Pro to expand into events transportation and logistics services. The founders and CEO of the acquired businesses will join Dreamliner’s executive team, and all employees will be retained. Financial terms were not disclosed.

Manifest Travel Club announced it has agreed to acquire Skyroads Aviation, LLC, a Part 135 certificated air operator based at Centennial Airport near Denver, with closing expected by October 31. The deal expands Manifest’s capabilities in private aviation as it also secured a lease for its first aircraft, a Pilatus PC-12, to support Part 135 operations.

Propark Mobility acquired Southern Valet & Transportation, a provider of valet, transportation, and parking management services operating in South Carolina. The deal expands Propark Mobility’s national footprint and adds Southern Valet’s services, including its Southern Shuttles transportation offerings, to Propark’s platform.

Vehicle Management Solutions (VMS), a portfolio company of Mill Point Capital, has acquired All Area W&W Towing, Inc., a regional provider of municipal vehicle towing and recovery services. The deal expands VMS’ footprint and capabilities in the Greater Chicago metro area, adding coverage across multiple south-suburban municipalities and strengthening its vehicle recovery, storage, and management offering.

Alaska Air Group, Inc. completed its acquisition of Hawaiian Holdings, Inc., combining Alaska Airlines with Hawaiian Airlines to expand network reach and customer benefits, including access to oneworld Alliance connectivity. The airlines will initially operate as separate carriers while working toward a single FAA operating certificate and longer-term integration of systems and loyalty programs.

PackGistics (PACK), a group of private investors, acquired Ray the Mover of Naples, Inc., a moving and storage company based in Naples, Florida. The transaction closed on September 6, 2024, and was advised by Generational Group.

Callaway Hudson Partners ("CalHudson"), a partnership between Hudson Valley Parking Trust and Callaway Capital Management, announced it has acquired Platinum Parking, a Dallas-based parking services and management company. The deal expands CalHudson’s footprint into high-growth markets and adds approximately 300 Platinum Parking locations to its network.

GO Riteway Transportation Group, based in Oak Creek, Wisconsin, has acquired Westlund Bus Lines, a transportation provider based in Marinette, Wisconsin. Westlund provides school bus transportation, shared-ride taxi services for the city of Marinette, and motor coach services across Northeastern Wisconsin. The deal includes 60 employees and 43 vehicles, and Westlund owner Tom Westlund will retire.

TPG has entered into a definitive agreement to sell PS (formerly The Private Suite), a U.S. operator of private luxury airport terminals for commercial flights, to international airport operator Groupe ADP. The deal is subject to regulatory approvals and customary closing conditions, and financial terms were not disclosed.

Tarantula Corporation, a railroad holding company that owns Fort Worth & Western Railroad (FWWR), has acquired Texas Central Railroad from Birdsong Corporation. FWWR has leased and operated Texas Central Railroad since 1998, and Tarantula said the acquisition will enable greater investment in maintenance and infrastructure to improve service and support future rail-served development along the line. The purchase was finalized on June 30 following more than two years of planning and negotiations.

Bestpass-Fleetworthy Solutions acquired Drivewyze, bringing together leading providers of toll management and weigh station bypass services for commercial fleets. The combined company aims to deliver an integrated suite spanning tolling, weigh station bypass, compliance, and in-cab safety alerts, while keeping Drivewyze operating under its own brand with no disruption to existing customer services. Financial terms were not disclosed.

America's Group acquired Motley’s Richmond Auto Auction, an auto auction business located in Virginia. The deal adds to America’s Group’s recent expansion, marking its third acquisition announced in the last two months and bringing the company to 41 auction locations.

Chain O' Lakes Transportation, a provider of alternative transportation solutions for special needs students, has been sold to strategic acquirer JW Chicago. The transaction was facilitated by M&A advisory firm Sun Acquisitions, and the seller was the company’s owner, Valerie Whitlow.

NOVA Infrastructure completed the sale of Bold Holdco, LLC (doing business as Bold Ocean/Schuyler Line Navigation Company) to institutional investors advised by J.P. Morgan Global Alternatives’ Global Transportation Group. Bold Ocean is a U.S.-flag maritime operator providing transportation and logistics services to U.S. government agencies under long-term time charters and parcel contracts. Financial terms were not disclosed.

Rand Logistics, Inc. acquired Andrie, LLC, a Great Lakes marine transporter of specialty liquid bulk commodities, from Auxo Investment Partners; financial terms were not disclosed. Andrie, headquartered in Muskegon, Michigan, will continue operating under the Andrie brand and remain led by CEO Sven Christensen. The deal expands Rand’s Great Lakes shipping platform to include both dry and liquid bulk transportation services.

Knight-Swift Transportation Holdings acquired the less-than-truckload (LTL) operations of Los Angeles-based Dependable Highway Express (DHE) to expand its West Coast footprint, particularly in California, Arizona, and Nevada. The acquired LTL business will operate as a separate brand within Knight-Swift’s AAA Cooper group; deal terms were not disclosed. Dependable Supply Chain Services will continue operating its other businesses (e.g., truckload, warehousing/distribution, drayage, and 3PL) under its existing brand.

Turning Rock Partners and Callaway Hudson Partners (a partnership between Hudson Valley Parking Trust and Callaway Capital Management) provided growth capital to support Callaway Hudson Partners’ acquisition of ICON Parking. Arkview Capital is also participating as an investor, backing the expansion of the ICON Parking platform in New York City and beyond.

OV Loop acquired Skipti, a rental delivery marketplace and transportation facilitator that helps schedule pickup, delivery, and returns of rentable products. The deal adds Skipti’s driver and asset management software to OV Loop’s SuperApp commerce network, aiming to improve gig-driver economics and enable more efficient and sustainable ride-hail and delivery services for retailers and mobility network company partners.

Kriete Truck Centers, headquartered in Milwaukee, acquired La Crosse Truck Center in La Crosse, Wisconsin. The deal expands Kriete’s ability to sell and service Mack trucks in La Crosse and Mauston and Isuzu trucks in La Crosse, and includes plans to renovate Kriete’s existing La Crosse location.

America's Group acquired Corpus Christi Auto Auction in Texas, expanding its auto remarketing footprint in the state. The auction business was previously owned by BA&W Enterprises Ownership Group, which also sold San Antonio Auto Auction to America's Group in a separate recent transaction.

FlyHouse has completed its acquisition of JetASAP, a private jet charter booking platform that provides real-time access to a network of private jet operators. FlyHouse plans to integrate JetASAP’s technology into its upcoming app to streamline and improve transparency in private jet charter booking.

America's Group has acquired San Antonio Auto Auction from BA&W Enterprises Ownership Group. The acquisition expands America's Group's auction network to 39 locations across 19 states, including digital and mobile sales platforms. San Antonio Auto Auction operates a 44-acre Texas facility with auction, reconditioning, and mechanical service capabilities.

Premier Truck Group, a subsidiary of Penske Automotive Group, acquired River States Truck and Trailer, Inc. (RSTT), a commercial truck dealership and service network headquartered in La Crosse, Wisconsin. The transaction expands Premier Truck Group’s footprint in western Wisconsin and eastern Minnesota and is expected to add approximately $200 million in estimated annualized revenue.

TopSide Marinas announced the acquisition of two Lake Michigan marinas: Bay Marine of Sturgeon Bay and Bay Marine of Chicago (Waukegan, Illinois). Previous owners Matt and Mark Felhofer will continue to own and operate Bay Marine Yacht Sales, which will lease back showroom and office space at both locations. Following the deal, TopSide Marinas reports it now owns and operates 10 marinas across six states.

Trivest Partners, a Miami-based private equity firm, announced a partnership with Star Shuttle, a passenger transportation provider serving schools, universities, corporate partners, government entities, and tour operators across Texas. Star Shuttle will continue to be led by CEO John Walker, with Trivest providing capital and operational resources to support growth while maintaining the company’s culture.

Luxaviation Group has completed the full acquisition of Paragon Aviation Group, a network of fixed base operators (FBOs) and international handling agents. The deal expands Luxaviation’s global FBO footprint, creating a combined network of more than 140 locations and strengthening service offerings for general aviation customers worldwide.

Saltchuk Resources, Inc. entered into a definitive merger agreement to acquire Overseas Shipholding Group, Inc. (OSG) via a tender offer followed by a second-step merger. The deal values OSG at approximately $653 million in equity value (about $950 million total transaction value), with Saltchuk offering $8.50 per share in cash for all shares it does not already own. After closing, OSG will operate as a standalone business unit within Saltchuk.

Suntex Marina Investors LLC (Suntex Marinas) acquired Saguaro Lake Marina in Mesa, Arizona through its joint venture, expanding its Phoenix-area footprint. The acquisition marks Suntex’s third marina and third Suntex Boat Club location within a two-hour drive of Phoenix.

Cortina Partners acquired a majority stake in Blacksford RV Rentals, a premium RV and camper van rental company headquartered in Bozeman, Montana with additional operations in Las Vegas and expansion to Phoenix. Following the May 1, 2023 transaction, Blacksford’s revenue more than tripled and its RV fleet nearly doubled as the company continued scaling and partnering with marketplaces such as RVshare.

Celebrity Coaches, LLC, backed by Allied Industrial Partners, acquired Moonstruck Leasing LLC, an entertainment coach leasing company based in Nashville, Tennessee. The deal adds luxury Prevost motorcoaches to Celebrity’s fleet and represents Celebrity’s first bolt-on acquisition; terms were not disclosed.

Mitsui & Co., Ltd. acquired all shares of Taylor & Martin Enterprises, LLC, a major truck auction business in the United States. Mitsui plans to expand Taylor & Martin’s auction-site footprint and service offerings in North America while leveraging synergies with its existing North American automotive business.