Todd Maiden
Monday, November 14, 2022
Daseke to buy out founder in $108M transaction
Flatbed trucking company Daseke announced Monday it is repurchasing the nearly 30% stake in the company held by its founder.
Flatbed trucking company Daseke announced Monday it is repurchasing the nearly 30% stake in the company held by its founder.
Flatbed carrier Daseke announced several moves Tuesday. The company’s CEO has resigned, former founder Don Daseke will be renominated to the board and institutional shareholder Lyons Capital will occupy a board seat.
Chris Easter took over as interim CEO of Daseke in September and is now being tasked with leading a transformation of a company known for its acquisitions but whose stock price has struggled in the past year as cost efficiencies have not materialized.