M&A - Proficient Auto Logistics, Inc

Form Type: DEF 14A

Filing Date: 2025-04-08

Corporate Action: Acquisition

Type: New

Accession Number: 000121390025029640

Filing Summary: Proficient Auto Logistics, Inc. is holding its 2025 Annual Meeting of Stockholders on May 6, 2025, in a virtual format. The agenda includes the election of eight directors who will serve until the 2026 annual meeting and the ratification of Grant Thornton LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. The company recently completed its IPO in 2024 and the consolidation of its five founding companies, along with the acquisition of Auto Transport Group. Despite ongoing challenging market conditions, Proficient Auto Logistics is focused on building a robust operational foundation to leverage future opportunities. Stockholders of record as of March 10, 2025, are eligible to vote. Voting can be done via the internet or by phone. The meeting will also include highlights from 2024 and an outlook for 2025. The document emphasizes the importance of stockholder participation and offers details on voting procedures and the nominees for election.

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Form Type: 10-K

Filing Date: 2025-03-31

Corporate Action: Acquisition

Type: New

Accession Number: 000101376225004352

Filing Summary: Proficient Auto Logistics, Inc. completed its initial public offering on May 13, 2024, and concurrently acquired five operating businesses known as the Founding Companies: Delta Automotive Services, Deluxe Auto Carriers, Sierra Mountain Group, Proficient Auto Transport, and Tribeca Automotive. These acquisitions involved approximately $178.5 million in cash and shares. Proficient has been identified as the accounting acquirer of the Founding Companies, leading to the integration of their operations. The company's business model focuses on providing specialized auto transportation and logistics services, operating a large fleet across North America. The strategic goal is to enhance service offerings, improve operational efficiencies, and expand market presence through further mergers and acquisitions.

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