Merger & Acquisition Insights

Posted on January 20, 2021

Q&A with Todd Reiser – Excess Auto Market Discussion

Q: What are the biggest challenges for larger transportation firms in today’s excess insurance environment? A: The pricing and availability of excess insurance coverage has been drastically impacted by the large number of adverse verdicts and settlements that have impacted the transportation industry.   Prior to two or three years ago, the industry had grown accustomed […]

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Posted on January 19, 2021

Cardinal Logistics, an H.I.G. Capital Portfolio Company, Acquires NRX Logistics. Tenney Group Advises.

Stoughton, MA., Jan 19, 2021 – Cardinal Logistics (“Cardinal”), a portfolio company of H.I.G. Capital (“H.I.G.”), announced the acquisition of NRX Logistics (“NRX” or the “Company”). Founded in 1997 and headquartered in Concord, NC, Cardinal is a leading provider of dedicated transportation and logistics services in North America. Cardinal’s dedicated contract carriage (“DCC”) offering provides fully outsourced solutions […]

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Posted on January 19, 2021

Election Alert: How the New Administration’s Proposed Capital Gains Tax May Impact Transportation Business Value

Taxes aren’t red. They aren’t blue. They are, however, certain. The Biden Administration’s proposed tax plan presents new realities that all transportation and logistics business owners should thoughtfully consider as they look to 2021 and beyond. The overall plan is complex. If you would like to read the complete Biden plan, visit Biden Tax Plan: […]

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Posted on January 05, 2021

Fraley & Schilling Acquires KBT Enterprises. Tenney Group Advises.

Rushville, IN., Dec 31, 2020 – Fraley & Schilling a truckload carrier servicing all parts of the United States, announced the acquisition of the assets of KBT Enterprises located in Fishers, IN.  Since 1995, KBT Enterprises Inc. has been providing quality pneumatic dry bulk trucking and transport services, hauling bulk materials such as lime kiln dust, dry bulk […]


Category: Press Release

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