Dart Transit Acquired by Avkha Equity Holdings — Logistics M&A

Avkha Equity Holdings, a private investment firm based in San Francisco, California, has acquired Dart Transit and Dart Express, along with their subsidiaries, in a platform acquisition effective January 1, 2026. The deal value was reported at $4 million, with additional figures cited as $200,000 and $4, though total consideration was not fully detailed. Dart Transit, a Minnesota-headquartered trucking and logistics provider, said day-to-day operations and the company name will remain unchanged, and it does not expect layoffs among drivers, leadership, or other staff.

Dart Transit has operated for more than 90 years, building a national footprint with truckload, dedicated, and logistics services across North America. The acquisition reflects continued private equity interest in logistics and transportation businesses with established customer relationships and scalable service lines, including potential expansion into additional lanes, intermodal solutions, dedicated fleet operations, and logistics management. The transition also marks a leadership handoff after the Oren family’s long tenure, with Don Oren retiring and David Oren continuing as President of Dart Express.

Operational continuity is supported by management changes and additions: Mike DelBovo will remain President of Dart Transit Group, and Tom Witt is joining as CEO. Financial terms were not disclosed beyond the reported figures, and the transaction was announced in early January 2026.