Proficient Auto Logistics said Monday it has agreed to purchase Hansen & Adkins, a move the company says would “create North America’s largest finished vehicle logistics platform with a network spanning the United States and Canada.”

The deal is expected to close mid-August and has an upfront purchase price of $130 million.

Los Alamitos, Calif.-based Hansen & Adkins was founded in 1994 and provides transport solutions to automakers.

Proficient says acquiring H&A will help it “invest in technology, fleet capabilities, and strategic initiatives to provide reliable core services that are critical to automotive original equipment manufacturers’ vehicle distribution networks.”

The move will also bring Proficient into Canada, under the MCL McGill brand.

Proficient’s owned fleet capacity will more than double from adding H&A’s U.S. and Canadian businesses.

The move also brings in more than 900 drivers and operational/support management personnel to Proficient.

Proficient CEO Richard O’Dell said in a news release, “The combination of the two companies will create a stronger platform for sustainable long-term value creation built on proven leadership, operational discipline, and industry-leading capabilities.

“The addition of Hansen & Adkins, a company highly aligned with our values, culture, and commitment to operational excellence, will establish Proficient as a stronger, more capable market leader that can invest at a scale few others can match.”

H&A co-founder Steve Hansen, along with Louie Adkins, will remain as advisors through the end of the year.

“After more than 30 successful years as a founder-owned business, we are thrilled to partner with Proficient to bring about our next chapter of continued success. Joining Proficient will provide our team and our customers with even greater resources to serve those who have trusted and relied upon us for decades,” Hansen said in a release. “Together, we can offer greater capacity, enhanced network flexibility, and the operational expertise to deliver vehicles safely, reliably, and efficiently at a time when asset-based capacity is vital for our industry.”

Included in the $130 million upfront purchase price is assumed debt of roughly $75 million. Proficient says $52 million of the remaining $55 million purchase price will be paid in cash and approximately $3 million will be paid in Proficient common stock.

“The terms of the acquisition also provide for potential earnout payments of up to approximately $22.1 million, of which $2 million would be payable in shares of Proficient common stock with the remainder payable in cash, based on achievement of near-term EBITDA targets,” Proficient said in the release. “Any shares issues in the transaction will be subject to a six-month lock-up from the date of issue. The cash portion of the purchase price will be paid with available cash resources and borrowings under Proficient’s credit facilities.”

In concert with the deal’s closing and funding, Proficient said it is restructuring its debt instruments for efficiency, scaling and interest cost savings. As such, the company plans to offer $75 million aggregate principal amount of convertible senior notes due 2033 in a private offering “to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration provided by Section 4(a)(2) under the Securities Act of 1933, as amended (the “Securities Act”). The issuance and sale of the notes are expected to settle on August 13, 2026, subject to customary closing conditions,” the company said.

More details are available in this news release.