Daseke acquires Aveda Transportation and Energy Services in $42.6 million transaction, plus payoff of $54.8 million in Aveda debt

November 2, 2018

On June 6, 2018, Daseke, Inc. (NASDAQ: DSKE), the largest owner and leading consolidator of open deck specialized transportation solutions in North America, closed its acquisition of Aveda Transportation and Energy Services Inc. for approximately $42.6 million, or C$0.90 (US$0.70) per share, plus a payoff of Aveda debt totaling $54.8 million. The terms of transaction included $27.3 million in cash and approximately $15.3 million worth of shares as part of the acquisition.

Aveda is one of the largest providers of specialized transportation services and equipment required for the exploration, development and production of petroleum resources in the U.S. and Canada. Its services focus on the specialized hauling of large oil rigs and worksite equipment.

Miller Thomson acted as Canadian counsel to Daseke with a team led by Pierre Soulard and including Mack Hosseinian, Victoria de Luna, Konstantin Starostin and Yasir Samad (Corporate/M&A & Securities); Nicole Taylor-Smith (Litigation); Gerald Courage and Neil Gurmukh (Tax) and Lisa Goodfellow (Employment) among others.