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The Steelman Companies Join Daseke

| July 5, 2017

The Steelman Companies Join Daseke

Daseke, Inc. (NASDAQ: DSKE)(NASDAQ: DSKEW), a leading consolidator and the largest owner of flatbed and specialized transportation and logistics solutions in North America, has announced a merger that adds The Steelman Companies to the Daseke family.

The Steelman Companies generated an estimated $46 million in revenue and an estimated $7 million in Adjusted EBITDA in 2016. 1, 2 After giving pro forma effect to the merger as well as the additions of the Schilli Companies and Big Freight Systems earlier this year, Daseke’s 2016 revenue and Adjusted EBITDA would have been approximately $818 million and $108 million,3 respectively, a 25 percent increase and a 22 percent increase, respectively, compared to actual 2016 results.

“A key objective of our decision to go public in February was to enhance our ability to build North America’s premier flatbed and specialized transportation company,” said Don Daseke, president and CEO of Daseke. “We are the largest owner of equipment with over 3,600 trucks and over 7,500 flatbed and specialized trailers, yet Daseke still accounts for less than one percent of our $133 billion market segment. We have now completed three mergers in just over two months and we’re proud to be executing as promised.”

Operating throughout the Midwest, The Steelman Companies boast 26 years of history in the industry. Under the guidance of owners Jim Towery, president and CEO, and Brett Sheets, vice president, The Steelman Companies have grown organically and through mergers, developing a well-diversified, specialized transportation company with two distinct areas of expertise in its operating companies. Steelman Transportation carries flatbed and heavy haul freight while Group One specializes in transporting roll-on powersports, industrial warehousing as well as offering 10-wheel drive-away services.

About Daseke

Daseke, Inc. is the largest owner and a leading consolidator of flatbed and specialized transportation and logistics solutions in North America, comprised of 12 operating companies with over 3,600 trucks and over 7,500 flatbed and specialized trailers. Daseke offers comprehensive, best-in-class services to some of the world’s most respected industrial shippers.

The Daseke family of companies includes Smokey Point Distributing, E.W. Wylie, J. Grady Randolph, Central Oregon Truck Company, Lone Star Transportation, Bulldog Hiway Express, Hornady Transportation, The Boyd Companies (including Boyd Bros. Transportation and WTI Transport), The Schilli Companies, Big Freight Systems and The Steelman Companies.

Category: Featured

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