AVKHA Acquires Dart Transit Group in Strategic Platform Play
Event summary
- AVKHA Equity Holdings acquired Dart Transit Group, including Dart Transit and Dart Express, effective January 1, 2026, ending 90 years of family ownership.
- E.F. Hutton advised Two Texas Presidents, AVKHA’s strategic capital partner, on the transaction.
- Dart Transit Group operates nearly 1,000 power units and employs hundreds of drivers nationwide.
- AVKHA plans to use Dart as a platform for further growth in the trucking and logistics sector.
- Leadership remains intact, with Mike DelBovo as President and Tom Witt as CEO of Dart Transit Group.
The big picture
AVKHA’s acquisition of Dart Transit Group reflects a broader trend of private equity firms targeting legacy transportation companies as operational platforms. The deal underscores AVKHA’s strategy of prioritizing continuity and long-term value creation over disruptive changes, positioning Dart for growth while preserving its established brand and leadership structure. With nearly 1,000 power units and a nationwide presence, Dart provides AVKHA with a significant foothold in the trucking and logistics sector.
What we're watching
- Platform Expansion
- Whether AVKHA can successfully integrate Dart into a broader trucking and logistics platform through disciplined investment.
- Operational Continuity
- How AVKHA’s emphasis on continuity will affect Dart’s workforce, customer relationships, and day-to-day operations.
- Strategic Alignment
- The pace at which AVKHA and Two Texas Presidents align on long-term strategic objectives beyond the Dart acquisition.
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