secwatch.observer — SEC 8-K summary
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Issuer:     PAMT CORP (PAMT)
CIK:        0000798287
Form:       8-K
Filed at:   2022-06-17T23:59:59+00:00
Accession:  0001683168-22-004431
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PAM Transportation acquires Metropolitan Trucking for ~$79.8M; expects immediate EPS accretion
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- Total purchase price $79.8M: $64.3M cash + $15.5M assumed debt; enterprise value $77.4M on cash-free, debt-free basis.
- Acquired business: 320-truck dry van carrier; LTM revenue $83.3M ($75.4M ex fuel), EBITDA $22.1M, operating income $13.5M.
- Funded from available cash; expected to be immediately accretive to EPS (ex transaction costs).
- Estimated tax savings ~$14.4M in current year from step-up in tax basis of physical assets.
- Current management to remain (CEO retiring); first PAM acquisition in ~20 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798287/000168316822004431/0001683168-22-004431-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798287/000168316822004431/pam_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-22-004431

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer