---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-087259"
form_type: "8-K"
ticker: "PAL"
cik: "0001998768"
company_name: "Proficient Auto Logistics, Inc"
filed_at: "2026-08-10T20:17:02+00:00"
generated_at: "2026-08-10T20:18:36.935085+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-26-087259
- form_type: 8-K
- ticker: PAL
- cik: 0001998768
- company_name: Proficient Auto Logistics, Inc
- filed_at: 2026-08-10T20:17:02+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1998768/000121390026087259/0001213900-26-087259-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1998768/000121390026087259/ea0301315-8k_proficient.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-087259
- JSON: https://secwatch.observer/filing/0001213900-26-087259.json
- Plain text: https://secwatch.observer/filing/0001213900-26-087259.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.