Latest news with #MattHartman
Yahoo
a day ago
- Business
- Yahoo
Michigan asset-based carrier to become part of Hyway Trucking
This story was originally published on Trucking Dive. To receive daily news and insights, subscribe to our free daily Trucking Dive newsletter. Dive Brief: OneCompass Holdings, an employee-owned company, has entered into a definitive agreement to purchase Koleaseco, a Hudsonville, Michigan-based carrier, according to a July 23 press release. Following the transaction, Koleaseco will become a part of Hyway Trucking, a division of Dublin, Ohio-based Hyway Transportation, a OneCompass portfolio company. The deal is expected to close on or before Aug. 22. Koleaseco and Hyway — which share several large customers — have the same approach to asset-based operations, the release said. OneCompass believes the synergies will accelerate the combined company's ability to compete and grow on a national scale. Dive Insight: Since its founding in 2024, OneCompass has been on an logistics-focused acquisition spree, scooping up Hyway Transportation, Evolve Global Logistics and AmShaw Service Center. The purchase of Koleaseco aligns with OneCompass' long-term strategy 'to build a nationally competitive transportation platform,' the release said. The carrier, which transports refrigerated goods, beverages and fresh produce, has a fleet of 128 power units and 148 drivers, according to data from the Federal Motor Carrier Safety Administration. Hyway Trucking is similarly sized with 130 power units and the same number of drivers. Koleaseco will rebrand under the Hyway Trucking name once the deal is finalized. 'Their team and capabilities are a great addition to the Hyway network and will play a key role in speeding up our shared vision for national growth,' OneCompass Chairman and CEO Matt Hartman said in the release. 'We're especially pleased to integrate their people into our employee ownership model, where they can help shape the future and share in the success they contribute to." Hartman has also been at the helm of Columbus, Ohio-based FST Logistics since March 2020, per his LinkedIn profile. FST Logistics is the parent company of Hyway Transportation. Unlike traditional holding companies that are owned by private equity or a single investor, OneCompass is an employee stock ownership plan holding company, meaning it is owned by its employees across those businesses, according to its website. Aside from its preference for the logistics industry, OneCompass is building its portfolio with a specific strategy, including: Opportunities to turn around distressed businesses with high future potential. Businesses with earnings before interest, taxes, depreciation, and amortization between $2 million and $15 million. Businesses that are located within a 200-mile radius of Columbus, Ohio — unless there's an opportunity to expand in a strategic region. Recommended Reading FST Logistics acquires Hyway Trucking Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
11-08-2025
- Business
- Cision Canada
CPP Investments Agrees to Sell Stake in Peruvian Energy Infrastructure Company TgP to EIG
TORONTO and WASHINGTON, Aug. 11, 2025 /CNW/ - Canada Pension Plan Investment Board (CPP Investments) today announced that it has reached a definitive agreement to sell its 49.87% equity ownership stake in Transportadora de Gas del Peru S.A. ("TgP") to vehicles managed by EIG. TgP operates Peru's main natural gas and natural gas liquids pipelines under a long-term concession, supplying approximately 40% of the country's power generation. "TgP has been a successful investment for CPP Investments over the past decade, delivering strong returns for CPP contributors and beneficiaries," said James Bryce, Head of Infrastructure for CPP Investments. "We look forward to seeing TgP's continued success under EIG. We will continue to seek out and evaluate investment opportunities in Latin America, given the region's attractive fundamentals." CPP Investments first invested in TgP in 2013 and subsequently increased its holding through follow-on transactions from 2014 to 2017, having deployed US$1.4 billion in total. "We look forward to bringing our deep infrastructure expertise and experience investing in the region to TgP," said Matt Hartman, EIG's Global Head of Infrastructure. "Our focus will be on supporting TgP's continued operational excellence and reliability, with the goal of ensuring it remains a cornerstone of Peru's energy infrastructure and a trusted partner for its customers." The transaction is subject to customary closing conditions and regulatory approvals. Financial terms will be disclosed upon completion of the transaction. About CPP Investments Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages the Fund in the best interest of the more than 22 million contributors and beneficiaries of the Canada Pension Plan. In order to build diversified portfolios of assets, investments are made around the world in public equities, private equities, real estate, infrastructure and fixed income. Headquartered in Toronto, with offices in Hong Kong, London, Mumbai, New York City, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At March 31, 2025, the Fund totaled C$714.4 billion. For more information, please visit or follow us on LinkedIn, Instagram or on X @CPPInvestments. About EIG EIG is a leading institutional investor in the global energy and infrastructure sectors with $23.8 billion assets under management as of June 30, 2025. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 43-year history, EIG has committed over $51.3 billion to the energy sector through 420 projects or companies in 44 countries on six continents. EIG's clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For additional information, please visit EIG's website at
Yahoo
30-07-2025
- Business
- Yahoo
Investment firm to pair carrier Koleaseco with Hyway Trucking
Investment firm OneCompass Holdings announced it has entered into an agreement to acquire dryvan and temperature-controlled carrier Koleaseco, Inc. Financial terms of the transaction were not provided. The deal is expected to close on Aug. 22. Hudsonville, Michigan-based Koleaseco is listed with 128 power units and 148 drivers, according to the FMCSA's database. The company also has a full-service brokerage offering for shippers in the U.S. and Canada. OneCompass plans to roll the assets of Koleaseco under another one of its portfolio companies, Dublin, Ohio-based Hyway Transportation. Once the deal closes, Koleaseco will operate under the Hyway Trucking banner. 'We're excited to welcome the employees and customers of Koleaseco to the OneCompass family and the Hyway Transportation platform, said OneCompass Chairman and CEO Matt Hartman in a news release. 'Their team and capabilities are a great addition to the Hyway network and will play a key role in speeding up our shared vision for national growth. We're especially pleased to integrate their people into our employee ownership model, where they can help shape the future and share in the success they contribute to.' The combination will allow both fleets to better compete on a national scale. Hyway is also an asset-based carrier that specializes in dryvan and temperature-controlled freight. It is listed with 130 power units. Hyway is a subsidiary of FST Logistics, another OneCompass portfolio company. 'I'm confident this transition will create meaningful opportunities for our team and carry forward the legacy of service and integrity that has defined Koleaseco for more than 30 years,' said JP Koop, owner of Koleaseco. More FreightWaves articles by Todd Maiden: Losses mount at Pamt, TL unit posts 112.5% OR Saia beginning to shake off growing pains Heartland Express books another loss in Q2 The post Investment firm to pair carrier Koleaseco with Hyway Trucking appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-02-2025
- Automotive
- Yahoo
Mystery Tiltrotor Aircraft Spotted At Mojave Air And Space Port Identified
A vertical takeoff and landing (VTOL) aircraft design that recently emerged at the Mojave Air & Space Port in California, which TWZ was first to report on, has been identified. It is a full-scale technology demonstrator (FSTD) belonging to Hyundai Motor Group subsidiary Supernal. Work on the FSTD, which was expected to fly for the first time last year, is feeding into the development of Supernal's S-A2 electrically-powered VTOL, or eVTOL, design. The Air Current was the first to report on Supernal's connection to the previously unseen aircraft at Mojave. Photographer Matt Hartman had previously taken pictures of the aircraft and posted them on social media. Supernal has been working with other firms to craft the FSTD, including U.K.-based GKN Aerospace. TWZ has reached out to both companies for more details about the demonstrator. Supernal did announce last July that GKN had delivered the complete composite wing assembly for the FSTD and that the aircraft's tail booms were expected to arrive by the end of that month. A previously released picture of the wing structure, seen below, and the mention of booms align fully with the aircraft that has now emerged at Mojave. The picture of the wing assembly does raise new questions about whether the four wing-mounted rotors on the FSTD are indeed fixed, as had appeared to be the case from what was visible in Hartman's pictures, or can articulate between vertical and horizontal facing modes. The aircraft does have two larger additional rotors in clearly tilting wing-tip nacelle pods. Otherwise, details about the FSTD remain limited, but readers can find TWZ's full initial analysis of the design here. The FSTD does differ substantially from the S-A2 concept that Supernal officially unveiled at the 2024 Farnborough Airshow in the United Kingdom. That design has four pairs of tilting rotor assemblies, two on each wing, as well as a v-tail rather than a twin-boom type. The center fuselage also has a more streamlined look with a single-piece main windscreen. The internal configuration that has been shown so far consists of a single pilot seated in front and space for four passengers in the cabin behind. 'S-A2 will cruise at 120 mph and have an initial range of 60 miles to meet typical city operation needs. The aircraft utilizes a distributed electric propulsion architecture and will operate quietly to meet community noise standards,' according to a previous Supernal press release. 'Most importantly, S-A2 is engineered to achieve global commercial aviation safety standards with a robust airframe structure that includes redundant components in critical systems such as powertrain, flight controls, and avionics.' Supernal has been targeting a first flight for the S-A2, which it also says will have a total payload capacity of 1,000 pounds, in 2026 and hopes to see the aircraft enter commercial service in 2028. The FSTD, which as noted was expected to fly for the first time last year, has been presented as an important risk-reduction asset in support of the S-A2 development plan. '2024 is a pivotal year for Supernal's eVTOL development, marking the transition from engineering design to the build and execution phases,' David McBride, the company's Chief Technology officer, said in a statement around the unveiling at Farnborough last year. 'In addition to gaining instrumental learnings from our full-scale technology demonstrator, we will also begin prototype development and continue refining our production vehicle for scaled manufacturing in the coming months.' As TWZ highlighted in our initial report on this aircraft, the market space for crewed and uncrewed eVTOLs, as well as hybrid-electric designs that use turbines to produce electricity to drive the rotors, has dramatically expanded in recent years. The commercial aviation sector has been a key focus of these development efforts, including Supernal's S-A2. Armed forces, including the U.S. military, are also working to field or at least evaluate new VTOL designs, including eVTOL types, to perform a variety of missions. As we wrote previously: 'For the U.S. military, interest in new VTOL aircraft designs, including the active development of types with more traditional propulsion arrangements, is being driven in part by a desire for greater runway independence amid concerns about the growing vulnerability of air bases, as well as other established facilities, during a future high-end conflict. This, in turn, has led to the development of new concepts of operations focused heavily on expeditionary and distributed operations, including in remote and austere sites with limited existing infrastructure. New VTOL designs, especially uncrewed ones, are also increasingly viewed as important components of future supply chains for forces in forward areas, including right on the front lines. Casualty evacuation and the extraction of downed pilots, including from behind enemy lines, have also been presented as potential roles for such aircraft.' When it comes to work on Supernal's S-A2, specifically, the company's FSTD is now undergoing at least some degree of testing at Mojave. Contact the author: joe@
Yahoo
12-02-2025
- Automotive
- Yahoo
Mystery Tiltrotor Aircraft Emerges
What looks to be a previously unseen vertical takeoff and landing (VTOL) capable aircraft design, with a mix of tilting and fixed rotors, has emerged at the Mojave Air & Space Port in California. Mojave is a hotbed for aviation development where testing of new and often intriguing designs, including VTOL types, regularly occurs. Photographer Matt Hartman took the pictures seen above and below of the unusual aircraft at Mojave yesterday and posted them on social media. The aircraft was sitting outside a hangar on the eastern side of the main apron area, according to Hartman. Several aviation companies have a permanent presence at Mojave, and the U.S. military also makes use of its facilities. and here the #EVTOL oddball of the week seen at MHV! No id or idea on this one… #avGeek #VTOL 02-10-25 — Matt Hartman (@ShorealoneFilms) February 11, 2025 No identifying markings are readily visible on the aircraft and it is unpainted in its primer coating. It is also physically anchored to the ground and hoses are seen snaking down from the nacelles holding the rotors, all of which is common to see during ground testing of VTOL designs. From what can otherwise be seen in Hartman's pictures, the design has six rotor assemblies. There are two larger ones in tilting nacelle pods at the wingtips and two pairs of smaller ones that appear to be fixed vertically in nacelles built into the high-mounted wing. A single, horizontal trapezoidal tail points to a twin-boom tail configuration that is also visible. There is a central fuselage with a front windscreen with two distinct halves, pointing to side-by-side seating, at least for individuals up front. A large doorway is also seen on the left side of the forward fuselage. A tricycle landing gear arrangement consisting of a nose wheel and two main wheels attached to struts sticking out from the sides of the rear of the fuselage is visible, as well. In some very broad respects, it almost looks like a mashup of the OV-10 Bronco light attack and observation aircraft and the V-22 Osprey tilt-rotor. Though what kind of propulsion system the design might have is unknown, the wingtip nacelle pods at least have exhausts pointing to turbine engines, which could drive the rotors directly or produce electricity to run electric motors that drive these rotors. They could also drive the wing rotor via mechanical linkages or by providing electronic power to their motors. Additional turbines might also be present in the wing nacelles to provide power to those rotors, either mechanically or electrically, but they would have to be small and this seems less likely to be the case. A hybrid-electric design where turbines provide electricity to at least some of the rotors would be a particularly big deal as this is still an emerging technology space, especially for the U.S. military, if it is involved with this design at all. The market space for hybrid and electric VTOL designs, crewed and uncrewed, and intended for civilian and/or military use, has exploded in recent years in the United States and globally. In April 2024, the independent Vertical Flight Society said its database of distinct electric VTOL, or eVTOL, concepts had hit 1,000 entries. Many such designs have been tested at Mojave. The Air Force's Agility Prime program, which began in 2020, is perhaps the best-known example of recent U.S. military efforts in this space. Run through AFWERX, the service's internal technology incubator, Agility Prime has been experimenting with a variety of eVTOL designs, including types from Beta Technologies, Joby Aviation, and LIFT Aircraft. In December, Aviation Week reported that persistent range limitations with existing eVTOL designs had prompted Agility Prime to refocus its efforts on hybrid-electric types. For the U.S. military, interest in new VTOL aircraft designs, including the active development of types with more traditional propulsion arrangements, is being driven in part by a desire for greater runway independence amid concerns about the growing vulnerability of air bases, as well as other established facilities, during a future high-end conflict. This, in turn, has led to the development of new concepts of operations focused heavily on expeditionary and distributed operations, including in remote and austere sites with limited existing infrastructure. New VTOL designs, especially uncrewed ones, are also increasingly viewed as important components of future supply chains for forces in forward areas, including right on the front lines. Casualty evacuation and the extraction of downed pilots, including from behind enemy lines, have also been presented as potential roles for such aircraft. There is also considerable civilian interest in hybrid-powered and eVTOL designs, including from commercial operators eyeing them for use as air taxis. While we don't know if the aircraft that has now emerged at Mojave is intended for civilian or military use, or both, it does appear to be quite elaborate overall. Larger tilt-rotor designs also remain rare among civilian-focused general mobility concepts. TWZ will be keeping an eye out for more information about this VTOL aircraft and what its projected roles might be. Contact the author: joe@
