Transportation Acquisitions in California
California Transportation Deal Themes
California transportation acquisitions span multiple subsectors, including EV and fleet electrification, rail assets and operating platforms, and air mobility and airport/aviation services. Recent deals also include smart mobility software such as curb management and parking payments.
Across these transactions, buyers range from operating platform companies and infrastructure investors to aviation and technology operators—often pursuing capacity expansion (sites, vehicles, terminals, or railcars) or capabilities integration (e.g., pairing mobility data with parking/payment and enforcement systems).
While locations center on California, United States, the strategic intent frequently connects California operations to broader networks and customer segments—such as electric truck deployments, short line rail customers, and air taxi or aviation testbed initiatives.
What Stands Out
- Zenobē is expanding U.S. electric truck operations in California by acquiring Revolv (adding 13 operational sites and 100+ electric trucks under Zenobē’s operational responsibility in California).
- Rail-focused transactions include Ridgewood Infrastructure backing/controlling Sierra Railroad Company, alongside vertical integration of agricultural transload capabilities through Central Valley Ag Transport (CVAT).
- Asset-intensive rail leasing remains a major theme: GATX and Brookfield Infrastructure Partners acquired Wells Fargo’s rail operating and rail finance lease portfolios (with GATX managing railcars for the joint venture).
- Aviation and air mobility deals include Archer Aviation acquiring Hawthorne Airport to support its planned Los Angeles air taxi network and testbed initiatives, and Joby Aviation acquiring Blade’s passenger business to accelerate commercial launch plans.
| Recurring buyer type | Examples from California deals | Typical goal |
|---|---|---|
| Infrastructure/platform owners | Ridgewood Infrastructure; Zenobē | Scale operations and integrate capabilities |
| Infrastructure/lease investors | GATX; Brookfield Infrastructure Partners | Acquire lease portfolios and manage assets |
| Aviation operators | Archer Aviation; Joby Aviation | Expand control of sites/operations and networks |
| Smart mobility technology | IPS Group; Pro-Vision | Integrate software/data with existing systems |
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- Buyer
- Zenobē, KKR, Infracapital
- Target
- Revolv
- Seller
- GDEV Management
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
Zenobē, a fleet electrification and EV charging/grid-scale battery storage provider, is expanding into U.S. electric truck operations by acquiring Revolv, a California-based commercial fleet electrification company. The deal adds 13 operational sites and 100+ electric trucks under Zenobē’s operational responsibility in California and signals Zenobē’s entry into the North American commercial fleet and truck segment.
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March 16, 2026
- Buyer
- Sierra Railroad Company, Ridgewood Infrastructure
- Target
- Central Valley Ag Transport
- Industry
- Transportation
- Location
- California, United States
- Type
- Addon
Sierra Railroad Company, a portfolio company of Ridgewood Infrastructure, acquired Central Valley Ag Transport (CVAT). The acquisition strengthens Sierra’s short line rail platform by vertically integrating agricultural transload capabilities serving customers along Sierra Northern Railway’s network in California. Financial terms were not disclosed.
-
- Buyer
- Ridgewood Infrastructure
- Target
- Sierra Railroad Company, Central Valley Ag Transport (CVAT)
- Industry
- Transportation
- Location
- California, United States
- Type
- Addon
Ridgewood Infrastructure acquired a controlling interest in California-based shortline rail platform Sierra Railroad Company. Simultaneously, Sierra acquired Central Valley Ag Transport (CVAT) to vertically integrate agricultural transload capabilities, and the transaction includes Sierra’s hydrogen locomotive subsidiary Railpower, Inc.
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January 22, 2026
- Buyer
- Fair Holdings, Inc., PenFed Credit Union, Zurich North America, AutoNation, Atlantic Coast Automotive, Impel AI, ID.me, CRIF, In The Car
- Target
- TrueCar, Inc.
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
Fair Holdings, led by TrueCar founder Scott Painter, completed a $227 million all-cash take-private acquisition of TrueCar. The deal is backed by a strategic investor group including PenFed Credit Union, Zurich North America, AutoNation, Atlantic Coast Automotive, and technology partners such as Impel AI, ID.me, CRIF, and In The Car.
-
- Buyer
- GATX Corporation, Brookfield Infrastructure Partners L.P. (and its institutional partners)
- Target
- Wells Fargo's rail operating lease portfolio, Wells Fargo's rail finance lease portfolio
- Seller
- Wells Fargo & Company
- Industry
- Transportation
- Location
- California, United States
- Type
- Divestiture
GATX Corporation and Brookfield Infrastructure Partners completed the acquisition of Wells Fargo's rail leasing portfolios on January 1, 2026. GATX and Brookfield purchased Wells Fargo's rail operating lease portfolio (~101,000 railcars) for about $4.2 billion via a joint venture, while Brookfield separately acquired Wells Fargo's rail finance lease portfolio (~22,000 railcars and ~400 locomotives); GATX will manage the railcars for the joint venture.
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December 18, 2025
- Buyer
- Caldicot Capital, Tamarix Capital Partners
- Target
- Custom Tours, Inc. (d/b/a Kushner & Associates)
- Seller
- Susan Kushner
- Industry
- Transportation
- Location
- California, United States
- Type
- Recapitalization
Affiliates of Caldicot Capital and Tamarix Capital Partners recapitalized Custom Tours, Inc., doing business as Kushner & Associates, in a transaction that closed December 18, 2025. Founder/CEO Susan Kushner will remain as CEO and retain a significant ownership stake while meaningful equity was granted to employees; terms were not disclosed.
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November 7, 2025
- Buyer
- Archer Aviation
- Target
- Hawthorne Airport (Hawthorne Municipal Airport / Jack Northrop Field)
- Seller
- City of Hawthorne
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
Archer Aviation signed definitive agreements to acquire control of Hawthorne Airport (Hawthorne Municipal Airport) near Los Angeles for $126 million in cash and raised $650 million of additional equity capital. Archer intends to use the 80-acre site as the operational center for its planned Los Angeles air taxi network and as an AI-powered aviation testbed to develop next-generation air traffic and ground operations systems.
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November 6, 2025
- Buyer
- IPS Group, Inc.
- Target
- Populus Technologies, Inc.
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
IPS Group, a San Diego-based provider of smart parking and curb management technologies, has acquired Populus Technologies, a San Francisco-based provider of mobility data, curb management and parking payments software. The acquisition will integrate Populus' mobility and curb-data platform with IPS's parking, payment and enforcement systems to expand IPS's smart mobility capabilities for municipalities, universities, transportation agencies and private operators.
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October 15, 2025
- Buyer
- FlyHouse
- Target
- Sun Air Jets
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
FlyHouse has entered into a definitive agreement to acquire Sun Air Jets, a Southern California aircraft management and charter operator. The deal is intended to expand FlyHouse’s maintenance, management, and operational capabilities, including adding FAA Part 145 Repair Station certification and expanding facilities and fleet capacity at West Coast airports.
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September 8, 2025
- Buyer
- Pro-Vision, Vance Street Capital
- Target
- Spartan Radar
- Industry
- Transportation
- Location
- California, United States
- Type
- Addon
Pro-Vision, a mobile video technology provider backed by Vance Street Capital, has acquired Spartan Radar, a Los Alamitos, California-based developer of software-defined radar and collision-avoidance systems. The acquisition is an add-on to Pro-Vision’s platform intended to expand fleet safety capabilities by integrating advanced radar sensing with Pro-Vision’s vehicle video and data solutions.
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September 2, 2025
- Buyer
- Sumisho Air Lease Corporation DAC, Sumitomo Corporation, SMBC Aviation Capital Limited, Apollo managed funds (Apollo), Brookfield, Brookfield Credit
- Target
- Air Lease Corporation
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
Air Lease Corporation has entered into a definitive agreement to be acquired in a 100% cash transaction by a newly established Dublin-based holding company, Sumisho Air Lease Corporation DAC. At closing, Air Lease stockholders will receive $65.00 per share in cash (about $7.4 billion equity value; about $28.2 billion including assumed/refinanced debt), with the transaction expected to close in the first half of 2026.
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August 29, 2025
- Buyer
- Joby Aviation, Inc.
- Target
- Blade Air Mobility's passenger business (Blade passenger operations and brand)
- Seller
- Blade Air Mobility (passenger business shareholders/owners as part of the acquisition; specific sellers not named in provided text)
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
Joby Aviation completed its $125 million acquisition of Blade Air Mobility’s urban air mobility passenger business. The deal gives Joby Blade’s network of terminals and loyal flyers across key markets in the U.S. and Southern Europe, accelerating Joby’s commercial launch plans using Blade’s existing passenger infrastructure and experience.
-
July 21, 2025
- Buyer
- Orikan Group
- Target
- Global Parking Solutions USA
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
Orikan Group has acquired Global Parking Solutions USA (GPS USA), bringing GPS USA leadership into Orikan's North American operations. The deal expands Orikan's on-street and multispace parking solutions presence in the United States and adds experienced local management to Orikan's Americas team.
-
April 22, 2025
- Buyer
- LAZ Parking
- Target
- FleetLogix
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
LAZ Parking has acquired a majority interest in FleetLogix, a San Diego–based provider of fleet management, managed labor and staffing services for rental car agencies and airport operations. The partnership will let LAZ integrate FleetLogix's FleetAnalytix platform and workforce capabilities to expand service offerings and accelerate growth across the U.S. and Canada.
-
- Buyer
- Cyclum NextGen Travel Centers (Cyclum Renewables LLC)
- Target
- ZEV TOUR - Clean Fleet Experience
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
Cyclum NextGen Travel Centers (Cyclum Renewables LLC) has acquired ZEV TOUR - Clean Fleet Experience, an event production and alternative-fuel fleet consultancy founded by Ollie Danner. Cyclum said it will integrate ZEV TOUR's expertise to support fleets transitioning to electric, hydrogen, RNG and other low-/zero-carbon fuels while Danner joins Cyclum as Director of Alternative Fuel Technology and Marketing.
-
- Buyer
- Alba Wheels Up, Cobalt Wine Logistics LLC, Southfield Capital
- Target
- North Coast Logistics, Inc.
- Seller
- Tammie Pisors, Travis Pisors
- Industry
- Transportation
- Location
- California, United States
- Type
- Addon
Alba Wheels Up’s Cobalt Wine Logistics business unit, backed by private equity sponsor Southfield Capital, has acquired North Coast Logistics, Inc., a Petaluma-based wine consolidation and distribution specialist. The add-on expands Cobalt/Alba’s domestic over-the-road transportation and distribution capabilities, integrating NCL into Cobalt’s Napa warehousing and international logistics platform.
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November 1, 2024
- Buyer
- White Cap
- Target
- Triumph Geo-Synthetics, Inc.
- Seller
- Cissy McCaa
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
White Cap, a distributor of specialty construction supplies and safety products, entered into a definitive agreement to acquire Triumph Geo-Synthetics, a geosynthetics and erosion control distributor based in Anaheim, California. The acquisition was later completed, with Triumph Geo-Synthetics becoming part of the White Cap suite of brands, branches, and value-added services.
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September 24, 2024
- Buyer
- Descartes Systems Group
- Target
- Assure Assist, Inc. (MyCarrierPortal)
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
Descartes Systems Group acquired Assure Assist, Inc., doing business as MyCarrierPortal (MCP), for approximately $24 million in up-front cash plus up to $6 million in performance-based earn-outs. The deal adds carrier onboarding, risk monitoring and KYC/fraud-prevention capabilities to Descartes’ logistics platform and complements its MacroPoint FraudGuard solution.
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August 22, 2024
- Buyer
- Groupe ADP
- Target
- PS (formerly The Private Suite)
- Seller
- TPG
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
Groupe ADP has entered into a definitive agreement to acquire PS (formerly The Private Suite) from TPG. PS operates private luxury airport terminals at LAX and ATL, with additional locations under development, and the acquisition is intended to accelerate PS’s expansion and integrate its services into Groupe ADP’s hospitality-focused airport strategy; terms were not disclosed and the deal is subject to regulatory approvals.
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- Buyer
- Knight-Swift Transportation Holdings
- Target
- Dependable Highway Express (LTL business)
- Seller
- Dependable Supply Chain Services
- Industry
- Transportation
- Location
- California, United States
- Type
- Divestiture
Knight-Swift Transportation Holdings has acquired the less-than-truckload (LTL) operations of Los Angeles-based Dependable Highway Express from Dependable Supply Chain Services. The deal expands Knight-Swift's West Coast and Southwest LTL footprint—adding terminals and doors to its AAA Cooper division—to support the company's goal of building a nationwide LTL network.
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July 2, 2024
- Buyer
- ShipCalm
- Target
- River Source Logistics
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
ShipCalm, an e-commerce operations platform and third-party logistics provider, has acquired River Source Logistics to expand its fulfillment capacity and third-party logistics capabilities. The deal more than doubles ShipCalm’s customer base, adds substantially larger warehouse capacity (including Los Angeles and Indiana footprints), and will enable cost savings and improved West Coast scale for ShipCalm’s customers.
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- Buyer
- Quality Collision Group
- Target
- Philip Thearle's Autowerks Collision Center
- Seller
- Philip Thearle
- Industry
- Transportation
- Location
- California, United States
- Type
- Addon
Quality Collision Group (QCG), the McKinney, Texas–based OEM-focused multi-shop operator backed by Susquehanna Private Capital, has acquired Philip Thearle’s Autowerks Collision Center in Santee, California. The 50,000 sq. ft. OEM-certified facility (BMW, Jaguar, Land Rover, Porsche, Mercedes-Benz and others) expands QCG’s West Coast footprint and OE repair capabilities as an add-on to its portfolio.
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- Buyer
- L Catterton
- Target
- AmaWaterways
- Seller
- Consortium of investors led by Certares, Certares
- Industry
- Transportation
- Location
- California, United States
- Type
- Growth capital
L Catterton entered into a definitive agreement to acquire a significant stake in AmaWaterways, a luxury river cruise line. The stake is purchased from a consortium of investors led by Certares, while the founders and the Murphy family remain involved with meaningful ownership.
-
April 4, 2024
- Buyer
- Fenix Parent LLC (Fenix Parts), Stellex Capital Management LLC
- Target
- Green Auto Parts & Recycling
- Industry
- Transportation
- Location
- California, United States
- Type
- Addon
Fenix Parent LLC (operating as Fenix Parts) has completed the acquisition of the assets of Green Auto Parts & Recycling in Sun Valley, California, marking Fenix's first location in California and expanding its footprint to 26 full-service and 5 self-service locations. The company said the acquisition establishes a West Coast presence to better serve the Los Angeles market; Edgar Akopyan will join Fenix as Director of Business Development, Southern California. Fenix is backed by Stellex Capital Management.
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March 4, 2024
- Buyer
- Transit Technologies
- Target
- TripShot
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
Transit Technologies has acquired TripShot, a Silicon Valley–founded fleet management software company, to integrate TripShot's mobility platform into its AI-powered transit solutions. The acquisition expands Transit Technologies' capabilities across fixed-route, demand-response, safety/compliance and non-emergency medical transportation services and will broaden its product offering for public and private transit customers.
-
February 27, 2024
- Buyer
- WSI (Warehouse Specialists, LLC)
- Target
- ShippingTree (rebranded to Kase)
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
WSI (Warehouse Specialists, LLC), a national third-party logistics provider, has acquired ShippingTree (which has rebranded to Kase) to strengthen its e-commerce and omnichannel fulfillment capabilities. The deal brings ShippingTree's proprietary fulfillment technology and quick onboarding capabilities into WSI's larger network, enhancing service offerings for direct-to-consumer and retail brands.
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February 21, 2024
- Buyer
- Strategic Value Partners, LLC, Crestview Partners
- Target
- Hornblower Group
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
Funds managed by Strategic Value Partners (SVP) will acquire majority ownership of Hornblower Group and provide $121 million of new equity while Crestview Partners will retain a significant minority stake and take sole ownership of Journey Beyond. The transaction is part of a broader financial restructuring that includes $300 million of DIP financing, approximately $720 million of debt reduction and the planned sale or wind-down of Hornblower’s American Queen Voyages unit to focus the business on core land- and water-based experiences.
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January 29, 2024
- Buyer
- WillScot Mobile Mini Holdings Corp.
- Target
- McGrath RentCorp
- Seller
- McGrath shareholders
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
WillScot Mobile Mini Holdings entered into a definitive agreement to acquire McGrath RentCorp in an all-cash/stock transaction valued at $3.8 billion. The combined company is expected to enhance WillScot Mobile Mini’s position in North American turnkey space solutions through complementary footprints and increased cross-selling of value-added products and services.
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October 25, 2023
- Buyer
- UPS
- Target
- Happy Returns
- Seller
- PayPal
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
UPS has agreed to acquire Happy Returns, a U.S.-based software and reverse logistics company, from PayPal. The deal (terms undisclosed) will fold Happy Returns' no-box, no-label returns platform and drop-off network into UPS's package network and The UPS Store footprint — expanding box-free return availability to more than 12,000 U.S. locations; Happy Returns CEO David Sobie will continue to lead the business. The acquisition is expected to close in the fourth quarter of 2023, subject to customary conditions and regulatory approvals.
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September 19, 2023
- Buyer
- Bird Global, Inc.
- Target
- Skinny Labs, Inc. (Spin)
- Seller
- TIER Mobility
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
Bird Global, Inc. acquired Skinny Labs, Inc. (doing business as Spin) from Berlin-based TIER Mobility for $19 million in a deal that included $10 million cash upfront, $6 million vendor take back and $3 million holdback. The acquisition makes Bird North America’s largest micromobility operator by market share, adds Spin’s ~60,000-vehicle fleet and ~50-city footprint, and is expected to deliver more than $20 million in synergies and be immediately accretive to earnings.
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September 13, 2023
- Buyer
- Propark Mobility
- Target
- California Parking
- Seller
- Puccinelli family (owners of California Parking)
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
Propark Mobility has acquired California Parking, a family-run parking operator headquartered in San Francisco with more than 20 locations across the city. The acquisition expands Propark’s West Coast footprint and transitions ownership from the Puccinelli family to Propark while maintaining California Parking’s local operations and team.
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September 8, 2023
- Buyer
- Autonomy
- Target
- EV Mobility, LLC
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
Autonomy, an electric vehicle subscription company based in Santa Monica, has agreed to acquire the technology, assets and customer accounts of EV Mobility, an all-electric car-sharing platform that provides EVs as an amenity to hotels and multi-family properties. The deal (cash and stock, terms undisclosed) is intended to accelerate Autonomy's entry into car-sharing, expand its product offering, and scale usage through EV Mobility's existing hospitality and property partnerships; the transaction is expected to close in Q4 2023.
-
August 2, 2023
- Buyer
- Econolite
- Target
- Western Pacific Signal, LLC
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
Econolite, part of Umovity, has acquired its long-time distribution partner Western Pacific Signal, LLC (WPS). The acquisition expands Econolite’s One-Stop-Shop ITS capabilities and adds experienced technical sales and field support resources across the Western United States.
-
- Buyer
- Surf Air Mobility Inc.
- Target
- Southern Airways Corporation, Southern Airways Express, Mokulele Airlines
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
Surf Air Mobility (SAM) announced that its transaction with Southern Airways (Southern), including affiliated brand Mokulele Airlines, has closed effective July 27, 2023. The combination creates a larger, nationwide regional air mobility platform and accelerates SAM’s electrification strategy for Cessna Grand Caravan fleets.
-
- Buyer
- RedBird Capital Partners, Main Street Advisors
- Target
- Go Rentals
- Industry
- Transportation
- Location
- California, United States
- Type
- Growth capital
RedBird Capital Partners has made a significant minority investment in Go Rentals, the U.S.-based luxury car rental provider, with Main Street Advisors participating alongside RedBird. The founders will remain in place and RedBird partners will join Go Rentals' board as the company looks to accelerate growth across private aviation, sports, entertainment and other premium end markets using RedBird's ecosystem.
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June 13, 2023
- Buyer
- The Home Depot
- Target
- Temco Logistics
- Seller
- Templeton family
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
The Home Depot has acquired Temco Logistics, a white‑glove appliance delivery and installation provider that has served large retailers for decades. The deal, disclosed at Home Depot's investor day, is intended to improve the retailer's appliance and bulky‑goods delivery experience and drive operational efficiency; financial terms were not disclosed.
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- Buyer
- Getaround
- Target
- HyreCar Inc.
- Seller
- HyreCar Inc.
- Industry
- Transportation
- Location
- California, United States
- Type
- Divestiture
Getaround (NYSE: GETR) will acquire substantially all assets of HyreCar Inc., integrating HyreCar’s gig carsharing service into Getaround’s connected carsharing marketplace. The transaction (expected to close on or about May 15, 2023) is intended to expand Getaround’s supply and capabilities for rideshare and delivery drivers and strengthen its position in the carsharing market.
-
- Buyer
- Partners Warehouse, Red Arts Capital
- Target
- FLEX Logistics
- Industry
- Transportation
- Location
- California, United States
- Type
- Addon
Chicago private equity firm Red Arts Capital, via its portfolio company Partners Warehouse, has acquired FLEX Logistics, a third-party logistics (3PL) provider headquartered in Eastvale, California. The add-on strengthens Partners Warehouse's West Coast footprint and adds nearly 900,000 square feet of warehousing capacity; terms were not disclosed.
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February 16, 2023
- Buyer
- Fort Point Capital
- Target
- The Yandell Family of Companies
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
Boston-based private equity firm Fort Point Capital has invested in The Yandell Family of Companies, a Benicia, California-based provider of temperature-controlled warehousing, transportation, and freight brokerage services serving the wine, food and beverage industries. Fort Point will operate Yandell as a platform investment to support growth, sales and marketing investments, capability enhancement, and geographic expansion; debt financing was provided by Live Oak Bank and NorthCoast Mezzanine.
-
January 26, 2023
- Buyer
- MTM, Inc.
- Target
- Veyo LLC
- Seller
- HCAP Partners
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
MTM, Inc., a healthcare transportation and logistics provider, announced the acquisition of Veyo, a non-emergency medical transportation (NEMT) company headquartered in San Diego, California. The deal combines MTM’s large-scale NEMT brokerage and operational capabilities with Veyo’s data/technology and Independent Driver Provider (IDP) shared ride model.
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January 24, 2023
- Buyer
- WiseTech Global
- Target
- Envase Technologies
- Seller
- Firmament, Other minority sellers
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
WiseTech Global acquired Envase Technologies for US$230 million from private investment firm Firmament and a small number of other sellers. Envase, a Long Beach, California-based provider of transport management system software for intermodal trucking, drayage and landside logistics, serves more than 1,300 North American customers and was expected to generate about US$35 million of revenue in 2023; the deal is being funded with 70% cash and 30% new WiseTech shares.
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January 1, 2023
- Buyer
- Mitsubishi HC Capital Inc., CAI International, Inc., Beacon Intermodal Leasing, LLC
- Target
- CAI International, Inc., Beacon Intermodal Leasing, LLC
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
Mitsubishi HC Capital approved the merger of its group companies CAI International and Beacon Intermodal Leasing, with the combined company headquartered in San Francisco and planned to be effective January 1, 2023. The deal combines CAI’s and Beacon’s container leasing capabilities to expand customer and business-partner relationships.
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December 31, 2022
- Buyer
- Horizon Air Freight
- Target
- Transmarine Navigation Corporation
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
Horizon Air Freight announced the acquisition of Transmarine Navigation Corporation, completed in Q4 2022, to expand its port agency and in-port logistics capabilities across North and South America. The deal combines Horizon’s global warehousing and last-mile delivery network with Transmarine’s port call agency presence at 12 ports, enhancing services for ship owners, operators, and charters.
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November 23, 2022
- Buyer
- Epika Fleet Services, Inc.
- Target
- Managed Mobile
- Industry
- Transportation
- Location
- California, United States
- Type
- Addon
Epika Fleet Services, a nationwide network of mobile and in-shop fleet maintenance providers based in Nashville, acquired Managed Mobile of Placentia, California. The acquisition expands Epika’s on-site repair and preventative maintenance footprint across Southern California and the Las Vegas market and adds Managed Mobile’s service capabilities to Epika’s network.
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November 18, 2022
- Buyer
- Helbiz, Inc.
- Target
- Wheels Labs, Inc.
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
Helbiz, Inc. (NASDAQ: HLBZ) has completed its previously announced merger with Wheels Labs, Inc., adding Wheels' micro‑mobility assets and leadership to expand Helbiz’s presence across 67 markets and potentially double annual revenue. Wheels CEO Marco McCottry will lead Helbiz’s North America mobility business as the combined company works to integrate apps, advance product development and accelerate the path to profitability.
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- Buyer
- Cambridge Capital
- Target
- Boa Logistics, Flow Cold Storage
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
Cambridge Capital has made a majority investment in Boa Logistics and Flow Cold Storage to accelerate the growth of Boa’s refrigerated LTL consolidation and cold‑storage platform. The founders will remain active and retain significant ownership while Cambridge Capital partners join the board; the investment will fund technology, automation, geographic expansion and potential acquisitions to scale the cold‑chain network.
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August 31, 2022
- Buyer
- Ryder System, Inc.
- Target
- Baton
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
Ryder System, Inc. has acquired San Francisco-based logistics technology start-up Baton, integrating Baton's team and proprietary transportation-optimization platform into Ryder. The acquisition (closed August 31) follows an earlier investment by RyderVentures and brings Baton's founders and core engineering team into Ryder to accelerate customer-facing supply chain and transportation technology development.
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August 23, 2022
- Buyer
- RailWorks Corp., Bernhard Capital Partners
- Target
- H&H Engineering Construction
- Industry
- Transportation
- Location
- California, United States
- Type
- Addon
RailWorks Corp., a Bernhard Capital Partners-backed specialty rail contractor, has acquired H&H Engineering Construction, a rail maintenance and construction contractor operating in the Western United States. The acquisition expands RailWorks' West Coast presence and capabilities, and allows H&H to leverage RailWorks' flash butt welding resources and broader maintenance-of-way platform.
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August 9, 2022
- Buyer
- SEKO Logistics
- Target
- Pixior, LLC
- Industry
- Transportation
- Location
- California, United States
- Type
- Buyout
SEKO Logistics has acquired Pixior, LLC, a Commerce, California-based 3PL and e-commerce fulfillment provider with locations on the U.S. West Coast and in Connecticut. The deal brings high-touch fulfillment, drayage and additional warehouse capacity to SEKO, significantly expanding its West Coast footprint and ecommerce capabilities; financial terms were not disclosed.
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June 26, 2022
- Buyer
- Riveria Investment Group
- Target
- PTC
- Industry
- Transportation
- Location
- California, United States
- Type
- Growth capital
Riveria Investment Group, a New York–based growth private equity firm, has invested in PTC, a Los Angeles–headquartered traffic control services provider founded in 2009 that serves special events and film productions. The investment is intended to support PTC's growth and operational expansion as it continues contracting with municipalities and private event organizers.
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Frequently Asked Questions
What transportation subsectors are represented in California acquisitions here?
You’ll find deals spanning fleet electrification and EV charging/grid-scale battery storage, short line rail and agricultural transload capabilities, rail leasing portfolios, smart parking/curb management, and aviation/air mobility (including airport and passenger business acquisitions).
Which buyers appear more than once across recent California deals?
The page highlights recurring names such as Ridgewood Infrastructure, Mitsubishi HC Capital Inc., Main Street Advisors, RedBird Capital Partners, AOI Capital (and an AOI-led investor group), Sun Capital Partners (affiliate), and Envase.
Are these acquisitions limited to operating companies, or do investors also participate?
Investors are prominent alongside operators. Examples include infrastructure investors and platform owners such as Ridgewood Infrastructure and Brookfield Infrastructure Partners, as well as take-private or recapitalization activity involving firms like Caldicot Capital and Tamarix Capital Partners.
Is there a geographic concentration within California?
Most listed transactions are described as occurring in California, United States. Several deals reference California-based targets (for example, Revolv, Central Valley Ag Transport (CVAT), and Spartan Radar), and airport/air mobility activity near Los Angeles is also reflected.