Cost SynergyThe company has achieved its ~$75mm run-rate cost synergy target slightly ahead of schedule and realized additional savings from headcount and terminal consolidation, indicating successful integration efforts.
Management StrategyThe new management team has mitigated customer attrition, laid a credible go-forward strategy, and made significant progress on integrating the acquired company, reducing risks and providing fundamental upside.
Operational EfficiencyEBITDA margins improved by optimizing pricing and managing discretionary expenses.