Note 11 - Acquisitions |
9 Months Ended |
|---|---|
Mar. 31, 2016 | |
| Notes to Financial Statements | |
| Mergers, Acquisitions and Dispositions Disclosures [Text Block] | 11. Acquisitions Immaterial acquisitions for the period ended March 31, 2016 In July 2015, we acquired certain assets of Buckler Transport, Inc. (“Buckler”) in Roulette, PA, for $13.7 million. The assets acquired include tractors and trailers that we intend to operate in the short term. We used borrowings under our existing credit facility to fund the purchase price. The purposes of the acquisition were to continue service to Buckler customers and to diversify into the hot asphalt and fracking industry. In November 2015, we acquired certain assets of Distribution, Inc. dba FTL, Inc. (“FTL”) in Clackamas, OR, for $5.4 million. The assets acquired include tractors and trailers that we intend to operate in the short term. We used borrowings under our existing credit facility to fund the purchase price. The purpose of the acquisition was to continue dry-van service for the FTL customers. |