Auto hauler Proficient grows with acquisition of Pennsylvania company [Yahoo! Finance]
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Source: Yahoo! Finance
Proficient (NASDAQ: PAL) said Wednesday it had acquired Pennsylvania-based Brothers Auto Transport LLC. In its announcement, Proficient said the company was a “well-established carrier” based in Wind Gap, which is in the northeast part of the Keystone State. The first acquisition made by Proficient after it began trading publicly was in August when it bought ATG. That purchase was for $28.9 million, according to Proficient's Securities and Exchange Commission filing at the time. The deal brought 76 tractors and an equal number of trailers into Proficient's operations. The purchase price of Brothers Auto was not disclosed. As of Wednesday, Proficient had not filed an 8-K report on the acquisition with the SEC. However, Richard O'Dell, CEO of Proficient, said in a prepared statement that the acquisition was smaller than other transactions the company had completed. Proficient was created last year through the rollup of five auto haulers, led by the predecessor Proficient Auto Tra
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