Acertus expands with Fisher Shipping acquisition
Acertus, a finished vehicle transportation provider, has announced its acquisition of Fisher Shipping. The post Acertus expands with Fisher Shipping acquisition appeared first on FreightWaves.
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Useful background context, but lower-priority than direct platform, community, or operator intelligence.
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medium
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Finished vehicle transportation provider Acertus announced it has acquired Fisher Shipping. Overland Park, Kansas-based Acertus’ automotive logistics platform handles the transportation, storage, maintenance, titling and registration of finished cars and trucks.
The deal expands its network of carriers and customers, and its relationships with OEMs and dealers. Financial terms of the transaction were not disclosed.
“This acquisition expands our platform and deepens our ability to serve the automotive ecosystem, but more importantly, it brings talented people and trusted partnerships built over two decades,” said Acertus CEO Michael DeLuca. “Those are the foundations of long-term success.”
Auburn, Massachusetts-based Fisher Shipping will continue to operate under its existing banner and leadership team. It will now have access to Acertus’ expansive carrier network and its platform, which provides enhanced fraud prevention and real-time shipment visibility.
Fisher Shipping CEO Dave Fisher will receive an equity interest in Acertus as part of the transaction. He will also manage customer and commercial relationships for the combined organization. “Since 2006, we’ve built this business on trust, service and an unwavering commitment to our customers,” said Fisher.
“Joining ACERTUS lets us preserve those values while giving our customers access to greater capacity, technology and solutions.” The announcement follows another big acquisition in the space earlier this week. Proficient Auto Logistics (NASDAQ: PAL) announced Monday that it agreed to acquire California-based peer Hansen & Adkins for $130 million.
The combined entity is expected to haul over four million vehicles annually, roughly one-quarter of the new car market. Why it matters? These acquisitions are significant for the car haul sector because they highlight a clear push toward industry consolidation to gain scale, capacity, and technological sophistication.
More FreightWaves articles by Todd Maiden: J. B. Hunt’s ‘summer of many minibids’ Werner not deterred by July slowdown Proficient Auto Logistics’ latest deal pushes market share to 25% The post Acertus expands with Fisher Shipping acquisition appeared first on FreightWaves.
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This briefing is based on reporting from Freightwaves. Use the original post for full primary-source context.
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