Former Saia Inc. CEO Richard O'Dell, backed by some big-fleet board members, plans to acquire five regional car haulers through a public offering.
0:00 — Introduction
0:14 — Who is Richard O'Dell?
0:34 — Richard's Plan
0:48 — What companies did he bought?
1:13 — Some statistics
1:31 — Payment for the owners
2:02 — Offer
The new company, Proficient Auto Logistics Inc., intends to pay $180 million and an unspecified amount of stock for these acquisitions, potentially creating a company that earned $415 million in sales last year.
More details about this deal – in Rob's new video!
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