AVKHA Acquires Dart Transit Group in Strategic Shift After 90 Years of Family Ownership

Event summary

  • AVKHA Equity Holdings acquired Dart Transit Group, ending 90 years of family ownership by the Oren family.
  • The transaction closed on January 1, 2026, with E.F. Hutton advising Two Texas Presidents.
  • 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.
  • Key leadership remains in place, including Mike DelBovo as President and Tom Witt as CEO.

The big picture

The acquisition marks a shift from family ownership to institutional stewardship in the trucking sector, reflecting broader trends of consolidation and private equity investment in legacy transportation firms. AVKHA’s emphasis on operational continuity suggests a focus on long-term value creation rather than disruptive restructuring, aligning with recent private equity strategies in stable, cash-flow-generating industries.

What we're watching

Platform Growth
How AVKHA will leverage Dart as a foundation for scaling its trucking and logistics portfolio.
Leadership Stability
Whether the retained leadership can maintain operational continuity while pursuing AVKHA’s growth strategy.
Industry Consolidation
The pace at which AVKHA pursues additional acquisitions in the fragmented transportation sector.

Related topics

Acquisition