Proficient Auto Logistics to acquire Hansen & Adkins for $130M; Q2 revenue down 5.3%

Proficient Auto Logistics, Inc

Acquires H&A for $130M upfront ($75M assumed debt, $52M cash, $3M stock) plus up to $22.1M earnout; close expected mid-Aug 2026.
Deal more than doubles owned fleet, adds 900+ personnel, expands into Canada under MCL McGill; combined >4M vehicles/yr.
Q2 2026 revenue $109.4M (-5.3% YoY); operating loss ($3.2M) vs income $0.1M; adjusted op income $0.5M vs $3.8M.
Units delivered 580,962, down 8.0% YoY; adjusted operating ratio 99.5% vs 96.7%.
Plans $75M convertible senior notes due 2033, settle Aug 13, 2026, to refinance debt and fund capped calls.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.