Renaissance Capital logo

Proficient Auto Logistics Priced, Nasdaq: PAL

Roll-up of auto transportation and logistics services providers.

Industry: Industrials

Latest Trade: $15.91 0.00 (0.0%)

First Day Return: -1.7%

Return from IPO: +6.1%

Industry: Industrials

We are a leading non-union, specialized freight company focused on providing auto transportation and logistics services. Formed in connection with this offering through the combination of the Founding Companies, five industry-leading operating companies, we will operate one of the largest auto transportation fleets in North America based upon information obtained from leadership of the Auto Haulers Association of America, utilizing roughly 1,130 auto transport vehicles and trailers on a daily basis, including 615 Company-owned transport vehicles and trailers, and employing 649 dedicated employees as of November 30, 2023. Prior to the completion of this offering, we have not operated as a combined company and are dependent upon this offering to complete the Combinations. From our 49 strategically located facilities across the United States, we offer a broad range of auto transportation and logistics services, primarily focused on transporting finished vehicles from automotive production facilities, marine ports of entry, or regional rail yards to auto dealerships around the country. Our customers range from large, global auto companies, such as General Motors, BMW, Stellantis, and Mercedes Benz, to electric vehicle (“EV”) producers, such as Tesla and Rivian. Additional customers include auto dealers, auto auctions, rental car companies, and auto leasing companies.
more less
IPO Data
IPO File Date 04/11/2024
Offer Price $15.00
Price Range $14.00 - $16.00
Offer Shares (mm) 14.3
Deal Size ($mm) $215
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 05/08/2024
Offer Price $15.00
Price Range $14.00 - $16.00
Offer Shares (mm) 14.3
Deal Size ($mm) $215
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Stifel
Raymond James
more
Company Data
Headquarters Jacksonville, FL, United States
Founded 2023
Employees 649
Website www.proficientautologistics.com

Proficient Auto Logistics (PAL) Performance