Proficient Auto Logistics, a leading provider of auto transportation and logistics services, announced the completion of its previously announced transaction to acquire Hansen & Adkins (“H&A”) as of August 13th, consistent with the timing and transaction terms disclosed in the Company’s prior announcements.
“We are encouraged by the enthusiasm and response to the acquisition in our interactions with Hansen & Adkins’ leaders and employees, our broader employee and driver population, customers, and investors,” shared Amy Rice, Proficient’s President and Chief Operating Officer. “We now turn our attention to realizing early opportunities for efficiency in the operation and combined shop footprint to enhance service and capacity for customers, bringing our teams together, and partnering through integration milestones over the next six months to capture the transformational potential in this combination.”
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The combined enterprise is now the largest auto hauler in the North American market, with a robust portfolio across automotive OEMs, transporting roughly one quarter of the addressable new vehicle transportation market. On a go-forward basis, Proficient expects to move more than four million vehicles annually and with a larger company-owned fleet of assets and safe, high-quality drivers, the Company expects its segment mix of company deliveries, when compared to subhauler deliveries, to be closer to half of the portfolio. Additional density in the network footprint will allow for enhanced capacity, improved utilization and reduction of empty miles, as well as scale benefits in supporting infrastructure and resources. At a time in the industry when auto haul capacity has compressed due to regulatory and economic factors, this combination augments the Company’s core capabilities and value proposition.
Integration of the acquisition is expected to be complete in early 2027, though the Hansen & Adkins name and brand will remain in place as the largest operating company under the Proficient umbrella, continuing to operate as Hansen & Adkins in the United States and as MCL McGill in Canada. Founders Steve Hansen and Louie Adkins will remain as advisors through year-end to support the transition.
SOURCE: GlobeNewswire