Proficient Auto Logistics, Inc acquisition of Hansen & Adkins Auto Transport, Inc.

Proficient Auto Logistics, Inc completed its acquisition of Hansen & Adkins Auto Transport, Inc. on 2026-08-13, according to the Form 8-K Proficient Auto Logistics, Inc filed with the SEC on 2026-08-14. The filing states a price of $130 million.

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What the filing says

On August 13, 2026, Proficient Services, Inc. (the "Buyer"), a wholly owned subsidiary of the Company, completed its previously announced acquisition of Hansen & Adkins Auto Transport ("H&A") pursuant to that certain Equity Purchase Agreement (the "Purchase Agreement"), dated August 10, 2026, by and between Proficient Services, Inc., a wholly owned subsidiary of the Company and H&A CN Acquisition, Ltd., Hansen & Adkins Auto Transport, Inc., Hansen & Adkins Auto Logistics, Inc., Royal Truck Leasing, LLC, Hansen & Adkins Canada Ltd., Steven Hansen ("Mr. Hansen"), Louie Adkins, Hansen & Adkins, Inc., Royal Holdco, LLC, The Steven Hansen Separate Property Trust, The Louie Adkins 2024 Trust, and Steven Hansen, in his capacity of the Seller Representative (collectively, the "Sellers").

The price, in the filing's words

Pursuant to the terms of the Purchase Agreement, at the effective time of the acquisition, the Buyer paid an upfront purchase price of approximately $130 million, including assumed debt of approximately $75 million.

More from the filing

Of the approximately $55 million remaining, 421,354 shares of common stock of the Company were issued to Mr. Hansen (the "Acquisition Shares") and approximately $52 million was paid in cash (subject to customary post-closing adjustments (each as set forth in the Purchase Agreement)).

The terms of the Purchase Agreement also provide for potential earnout payments of up to approximately $22.1 million, of which $2 million would be payable in shares of common stock to Mr. Hansen (the "Earnout Consideration") with the remainder payable in cash.

The cash consideration was funded by available cash resources and borrowings under the Company's credit facilities.

Quoted from Proficient Auto Logistics, Inc's Form 8-K.

This is the only completed acquisition Proficient Auto Logistics, Inc reported under Item 2.01 in the last twelve months.

Where this comes from

A public company must file a current report on Form 8-K with the SEC within four business days of completing a significant acquisition or disposition of assets, under Item 2.01 of the report. The acquired company sometimes files one too, when the deal makes it a subsidiary of the buyer.

Every fact on this page is taken from one of those filings and linked to it: which company acquired which, the date the filing gives for completion, and the price when the filing states one in dollars, shown next to the sentence that states it. A filing states what was bought and on what terms; it rarely states why, and neither does this page.

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