AcquisitionAug 10, 2026Completed
🇺🇸 United States
HAHansen & Adkins Auto TransportPAProficient Auto Logistics, Inc.
Industrials › Transportation & Logistics
Enterprise value$130MEnterprise value
AnnouncedAug 10, 2026
ConsiderationCash and stock
StructureOther
RegionNorth America
Cross-borderNo
Contingent paymentYes
Overview
Proficient Auto Logistics agreed to acquire Hansen & Adkins, a California-based auto transport provider with U.S. and Canadian operations, for an upfront $130 million including about $75 million of assumed debt, plus potential earnouts of up to about $22.1 million. The cash portion was to be funded with available cash and credit facility borrowings.
Deal rationale
The acquisition creates North America's largest finished vehicle logistics platform, expands Proficient into Canada, and more than doubles its owned fleet capacity.
AI-generated from the SEC filingCompletedIndustrials › Transportation & LogisticsUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | $130M | Headline figure |
| Consideration | Cash and stock |
Advisors
Buy-side
RJRaymond James
Sell-side
None listed
Parties
Acquirer
PAProficient Auto Logistics, Inc.
- Headquarters
- United States
- Ticker
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