Merger & Acquisition Insights

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 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 […]

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Posted on December 09, 2020

Titan Transfer Acquires JTL Carriers. Tenney Group Advises.

Titan Transfer Acquires JTL Carriers. Tenney Group Advises. Shelbyville, TN., Dec 9, 2020 – Titan Transfer, Inc., a truckload carrier servicing all parts of the United States, announced the acquisition of the assets of JTL Carriers of Franklin, WI.  JTL Carriers is a dry van hauler with a rich history of serving the auto industry at the highest […]

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Posted on September 10, 2020

USPack Acquires Freight Rite. Tenney Group Advises

Aug. 24, 2020 — USPack, a national leader in high speed, final-mile logistics and NewSpring Holdings portfolio company today announced the acquisition of Freight Rite, further expanding its omni-channel retail logistics capabilities and national footprint. Tenney Group, an industry specialized M&A firm, advised the seller.   The strategic acquisition of Freight Rite supports USPack’s commitment to white-glove […]

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