SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2017

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

NOTE 16 – SUBSEQUENT EVENTS

On May 1, 2017, the Company acquired 100% of the outstanding stock of Schilli Transportation Services, Inc. and certain of its affiliates (Schilli), based in Indiana and Big Freight Systems, Inc. (Big Freight), based in Steinbach, Manitoba for a combined consideration of $36.8 million, consisting of $33.4 million in cash and 342,133 shares of Daseke common stock valued at $3.44 million.  Additionally, the Company assumed approximately $32.5 million of outstanding debt.  Big Freight’s purchase agreement also contains an earn-out for additional cash consideration to be paid on the excess of each of 2017, 2018 and 2019’s EBITDA Amount over 2016’s EBITDA Amount (as defined in the purchase agreement), multiplied by 0.4.