Don Daseke Explained

Don R. Daseke
Nationality:American
Occupation:Businessman
Years Active:1963-current
Alma Mater:DePauw University
Spouse:Barbara Elliot Daseke
Children:3

Don Daseke (born 1940/1941) is an American businessman, and the CEO, chairman and founder of the transportation company, Daseke[1] [2] Since the foundation of Daseke, Inc. he has helped to grow the company from $30 million in revenue in 2009 to an over $1.6 billion in 2018.[3] In February 2017 Daseke became publicly listed on the Nasdaq stock exchange with the ticker symbol DSKE.[4] [5]

Previously, Daseke held various positions at IBM and founded the companies Walden Residential Properties, BigFatWow! Inc., Sage Telecom and East Teak International Inc.[6] [7]

Early life and education

Daseke graduated from DePauw University in 1961 with a degree in economics. He then attended the University of Chicago School of Business and received his MBA and CPA in 1963.[8] [9]

Career

Daseke began his career with Arthur Andersen as an auditor.[10] He then moved to IBM and held roles in sales and finance.[6] In 1972, he founded the company Walden Residential Properties. During his tenure as CEO with the company he helped to grow it from 6,000 units to 42,000 units and oversaw its IPO in 1994.[11] [6] The company was sold for $1.7 billion in 2000.[12]

Daseke served as a founding chairman for Sage Telecom beginning in 1998.[13] Daseke founded the company BigFatWow, a shopping mall internet kiosk operator in 1999. The company ceased operations in 2002.[14] [15] In 2006, Daseke purchased the East Teak Trading Group and founded East Teak International, Inc., a teak and hardwood importer.[16]

In 2008, Daseke purchased the trucking company Smokey Point Distributing, the first company of Daseke Inc.[17] [18] By 2013, the company had a revenue of $205 million, up from $30 million in 2009.[17] In January 2014, under Daseke, the company had merged six trucking company subsidiaries that focused on the transportation of flatbed and specialized cargo.[19] In 2014, Daseke was named an Entrepreneur of the Year for the Southwestern Region by Ernst & Young.[17] By 2015, three more companies were acquired by the company and Daseke had grown the company to 3,000 employees with a projected revenue of $750 million and nine subsidiaries.[6] [20] In 2017, Daseke acquired seven companies, making them the leading consolidator and largest flatbed and specialized company in North America.[21] Daseke's efforts growing the company didn't go unnoticed, Don Daseke was named The Accidental Trucker[5] and Daseke was the public company honoree for the 2017 Dallas Business Journal Outstanding Director Awards.[22] In December 2018, Don Daseke was selected for the 2018 Horatio Alger Award for his lifetime achievements and commitment to his local community.[23] [24] [25]

Daseke has also served as a chairman at Sage Telecom Inc., Mirage Systems Inc., Priority Flowers Inc., ApartmentMatching.com, Netier Technologies Inc. and Liquid Motors Inc.[7] [1]

Notes and References

  1. Web site: Executive Profile Don R. Daseke. Bloomberg Business . March 18, 2016.
  2. Web site: Entrepreneur Don Daseke. Addison Magazine . Sydni . Walker . November 25, 2015 . March 18, 2016.
  3. Web site: Hennessy. Daniel. Hennessy Capital LLC. Hennessy Capital LLC. 24 February 2017. 3.
  4. News: Phillips. Erica. Trucking Company Daseke's Shares Start Trading on Nasdaq. The Wall Street Journal.. 28 February 2017. The Wall Street Journal. 16 March 2017.
  5. Web site: The Accidental Trucker. 12 December 2017. D Magazine. 23 March 2018.
  6. Web site: Meet DFW's 18-Wheeling and Dealing Powerhouse That Tops Our Middle Market 50. Dallas Business Journal . Bill . Hethcock . October 9, 2015 . March 18, 2016.
  7. Web site: High Tech CEO Don Daseke '61 Explains How Ideas are Transformed Into Success. Depauw University . February 14, 2001. March 18, 2016.
  8. Web site: Don Daseke '61 Receives McDermond Medal for Excellence in Entrepreneurship. May 6, 2015 . DePauw University. March 23, 2016.
  9. Web site: Alumni Connections No. 14 September 2005. September 2005 . The University of Chicago Booth School of Business. March 23, 2016.
  10. Web site: High-Tech CEO Don Daseke '61 Returns to Alma Mater to Share Secrets of Success. DePauw University. February 10, 2001. March 18, 2016.
  11. Web site: Walden Residential Agrees to Acquire Drever Partners. The Wall Street Journal. May 9, 1997. Joelle . Tessler. March 18, 2016.
  12. Web site: Olympus Completes $1.7 Bln Acquisition of Walden Residential. Commercial Real Estate Direct. March 1, 2000. March 18, 2016. March 30, 2016. https://web.archive.org/web/20160330083040/http://www.crenews.com/general_news/general/olympus-completes-1.7-bln-acquisition-of-walden-residential.html. dead.
  13. Web site: Houlihan Credited With Sage's Success. Dallas Business Journal. Jeff . Bounds. December 29, 2002 . March 18, 2016.
  14. Web site: Internet Access at Malls Earns a Big, Fat 'Wow'. The Chicago Tribune. Nancy . Ryan. January 22, 2001. March 18, 2016.
  15. Web site: Unhappy Ending for BigFatWow . Dallas Business Journal . Jeff . Bounds . April 14, 2002 . March 18, 2016.
  16. Web site: Private Investment Group Buys East Teak Trading Group. Trade Only Today. April 20, 2006. March 18, 2016. https://web.archive.org/web/20160327180057/http://www.tradeonlytoday.com/columns/column-archive/private-investment-group-buys-east-teak-trading-group/. March 27, 2016. dead.
  17. Web site: Entrepreneurs of the Year 2014. D Magazine . Jeff . Bounds . Karen . Nielsen . Christine . Perez . Glenda . Vosburgh. August 2014 . March 18, 2016.
  18. Web site: Heavy-haul Vision Drives Trucking Growth For Daseke. The Journal of Commerce. William . Cassidy. October 10, 2014. March 18, 2016.
  19. Web site: Why CNG Doesn't Work For Daseke's Trucking Empire. Dallas Business Journal . Nicholas . Sakelaris . January 16, 2014. March 18, 2016.
  20. Web site: Daseke Adds Hornady Transportation in Flatbed Trucking Merger. Global Trade Magazine. Peter. Buxbaum. August 13, 2015. March 18, 2016. March 29, 2016. https://web.archive.org/web/20160329021323/http://www.globaltrademag.com/global-trade-daily/news/daseke-adds-hornady-transportation-in-flatbed-trucking-merger. dead.
  21. News: Exclusive: Major U.S. trucking firm Daseke buys three firms. Reuters. Editorial. 4 December 2017. reuters.com. 23 March 2018.
  22. Web site: Since acquiring 4 companies in 4 months, this DFW company's stock is up 38 percent (Video) - Dallas Business Journal.
  23. Web site: Texas Transportation Executive and Renowned Philanthropist Don R. Daseke to Receive 2018 Horatio Alger Award – Horatio Alger Association. horatioalger.org. 23 March 2018.
  24. Texas Transportation Executive and Renowned Philanthropist Don R. Daseke to Receive 2018 Horatio Alger Award. Horatio Alger Association of Distinguished Americans. Inc.. www.prnewswire.com. 22 November 2018.
  25. Web site: Horatio Alger Association Raises More Than $15 Million in Support of Scholarship Programs at the 71st Annual Horatio Alger Awards. marketwatch.com. 22 November 2018. 2018-06-15. https://web.archive.org/web/20180615083451/https://www.marketwatch.com/story/horatio-alger-association-raises-more-than-15-million-in-support-of-scholarship-programs-at-the-71st-annual-horatio-alger-awards-2018-04-09. dead.

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