Refrigerated-rental firm Petit Forestier is to buy leasing and rental provider Fraikin in a deal that will create a European player with combined sales of €1.3bn (£1.09bn). Villepinte, France-based Petit Forestier has entered into an exclusivity agreement with Fraikin to acquire 100% of the business with financial backing from CVC Capital Partners and Eurazeo. Petit Foresiter has 228 depots in Europe and the Maghreb region with 42,700 vehicles. Frakin – founded in 1944 with headquarters in Colombes, near Paris – […]
Tuffnells Parcels Express contributed £114m of revenue and £9.7m of operating profit to its new owner Connect Group in the year to the end of August, group chief executive Mark Cashmore has revealed.
Blackburn-based Kenyon Road Haulage has bought some of the assets of fellow Palletways member Gilbraith (TS) from owner Pollock (Scotrans).
Pentalver Transport owner Genesee & Wyoming (G&W) is being acquired by Brookfield Infrastructure Partners in deal valued at $8.4bn (£6.6bn).