Inside Logistics

Done deals: September 30, 2021

Contracts, mergers, acquisitions and big deals in the supply chain sector this week


September 30, 2021
by

Goodyear & Gatik

Goodyear and Gatik are collaborating on autonomous B2B short-haul logistics. Goodyear’s venture capital fund, Goodyear Ventures, participated in Gatik’s recently announced Series B funding and the companies will work on multiple projects. Gatik’s medium-duty fleet will use tires equipped with Goodyear SightLine tire intelligence technology in an effort to improve stopping distances in autonomous commercial vehicles and monitor tire pressure in real time for enhanced safety and reduced wear. Gatik has established an autonomous middle mile logistics network in North America and is expanding its fleet of Class 3 to 6 autonomous box trucks for customers in multiple markets, including Texas, Arkansas, Louisiana and Ontario.

Group Morneau & General Cartage

Groupe Morneau is acquiring Toronto-based General Cartage, an LTL carrier, effective Oct. 1. Groupe Morneau says this acquisition will significantly increase its presence in the Ontario market. The fleet will now have 120 trucks in the Greater Toronto Area, and add more than 60 employees to its team. Groupe Morneau as a whole now has nearly 1,300 employees and more than 1,600 pieces of equipment. Terms of the deal were not disclosed.

Ritchie Bros. & SmartEquip

Ritchie Bros. auctioneers is acquiring SmartEquip for approximately US$175 million. SmartEquip provides customers with real-time service and diagnostic support and parts procurement  for fleet equipment. The company supports approximately $1 billion in annual transaction volume with more than 600 OEM brands, for fleet locations across North America, Europe, and Asia Pacific. SmartEquip has 60 employees and will continue to operate as a standalone business and maintain its physical presence in Norwalk, Connecticut, for the foreseeable future.

3PL Central & Scout Software

3PL Central has acquired Scout Software, an inventory and warehouse management system built for brands and retailers to manage their e-commerce fulfillment capabilities. This follows 3PL Central’s recent acquisition of Skubana. 3PL Central says with the latest deal it can offer solutions for both third party-logistics and private company operated warehouses.