Proficient Auto Logistics, a provider of auto transportation and logistics services based in Jacksonville, Florida, , earlier this week announced the acquisition of Brothers Auto Transport, LLC, which is based in Wind Gap, Pennsylvania.
Terms of the deal were not disclosed.
According to a statement from Proficient, the transaction "strategically expands PAL’s fleet, base of talented company drivers, and strengthens its presence in key northeastern markets."
Founded in 1996, Brothers Auto Transport has a strong track record of profitability, operational excellence, and reputation in the industry, according to Proficient's statement.
“This acquisition is an important milestone in our growth strategy,” said Richard O’Dell, CEO of Proficient Auto Logistics. “Brothers Auto Transport has built a well-run, profitable business with deep-rooted OEM relationships. The operational and geographic synergies between our companies will allow us to provide a higher level of service to our customers while elevating our presence in the Northeast. While this transaction is smaller than prior acquisitions, we expect the business to be accretive immediately, proportional to its size, and positioned to contribute to PAL’s long-term financial and operational objectives.”
Brothers has 98 power units and 95 drivers, according to the Fedweral Motor Carrier Administration's SAFER website. Proficient said the acquisition increases its fleet capacity by 13%.
“This is an exciting opportunity for Brothers Auto Transport,” said Don Carney, former owner of Brothers. “Joining Proficient Auto Logistics allows Brothers to leverage additional resources, expand reach, and continue delivering the high-quality service customers expect. We look forward to the road ahead.”
