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Don Daseke

From Wikipedia, the free encyclopedia
American businessman
Don R. Daseke
Born1940 or 1941 (age 84–85)[1]
NationalityAmerican
Alma materDePauw University
OccupationBusinessman
Years active1963-current
Known forCEO,Daseke
SpouseBarbara Elliot Daseke
Children3

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 atIBM and founded the companies Walden Residential Properties, BigFatWow! Inc., Sage Telecom and East Teak International Inc.[6][7][8]

Early life and education

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Daseke graduated fromDePauw University in 1961 with a degree in economics. He then attended theUniversity of Chicago School of Business and received hisMBA andCPA in 1963.[9][10]

Career

[edit]

Daseke began his career with Arthur Andersen as an auditor.[11] 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 itsIPO in 1994.[12][6] The company was sold for $1.7 billion in 2000.[13]

Daseke served as a founding chairman forSage Telecom beginning in 1998.[14] Daseke founded the company BigFatWow, a shopping mall internet kiosk operator in 1999. The company ceased operations in 2002.[15][16] In 2006, Daseke purchased the East Teak Trading Group and founded East Teak International, Inc., ateak and hardwood importer.[8]

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 byErnst & 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 2018Horatio Alger Award for his lifetime achievements and commitment to his local community.[23][24][25]

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

References

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  1. ^abc"Executive Profile Don R. Daseke". Bloomberg Business. RetrievedMarch 18, 2016.
  2. ^Walker, Sydni (November 25, 2015)."Entrepreneur Don Daseke". Addison Magazine. RetrievedMarch 18, 2016.
  3. ^Hennessy, Daniel."Hennessy Capital LLC"(PDF).Hennessy Capital LLC. Retrieved24 February 2017.
  4. ^Phillips, Erica (28 February 2017)."Trucking Company Daseke's Shares Start Trading on Nasdaq".The Wall Street Journal. The Wall Street Journal. Retrieved16 March 2017.
  5. ^ab"The Accidental Trucker".D Magazine. 12 December 2017. Retrieved23 March 2018.
  6. ^abcdHethcock, Bill (October 9, 2015)."Meet DFW's 18-Wheeling and Dealing Powerhouse That Tops Our Middle Market 50". Dallas Business Journal. RetrievedMarch 18, 2016.
  7. ^ab"High Tech CEO Don Daseke '61 Explains How Ideas are Transformed Into Success". Depauw University. February 14, 2001. RetrievedMarch 18, 2016.
  8. ^ab"Private Investment Group Buys East Teak Trading Group". Trade Only Today. April 20, 2006. Archived fromthe original on March 27, 2016. RetrievedMarch 18, 2016.
  9. ^"Don Daseke '61 Receives McDermond Medal for Excellence in Entrepreneurship". DePauw University. May 6, 2015. RetrievedMarch 23, 2016.
  10. ^"Alumni Connections No. 14 September 2005". The University of Chicago Booth School of Business. September 2005. RetrievedMarch 23, 2016.
  11. ^"High-Tech CEO Don Daseke '61 Returns to Alma Mater to Share Secrets of Success". DePauw University. February 10, 2001. RetrievedMarch 18, 2016.
  12. ^Tessler, Joelle (May 9, 1997)."Walden Residential Agrees to Acquire Drever Partners". The Wall Street Journal. RetrievedMarch 18, 2016.
  13. ^"Olympus Completes $1.7 Bln Acquisition of Walden Residential". Commercial Real Estate Direct. March 1, 2000. Archived fromthe original on March 30, 2016. RetrievedMarch 18, 2016.
  14. ^Bounds, Jeff (December 29, 2002)."Houlihan Credited With Sage's Success". Dallas Business Journal. RetrievedMarch 18, 2016.
  15. ^Ryan, Nancy (January 22, 2001)."Internet Access at Malls Earns a Big, Fat 'Wow'". The Chicago Tribune. RetrievedMarch 18, 2016.
  16. ^Bounds, Jeff (April 14, 2002)."Unhappy Ending for BigFatWow". Dallas Business Journal. RetrievedMarch 18, 2016.
  17. ^abcBounds, Jeff; Nielsen, Karen; Perez, Christine; Vosburgh, Glenda (August 2014)."Entrepreneurs of the Year 2014". D Magazine. RetrievedMarch 18, 2016.
  18. ^Cassidy, William (October 10, 2014)."Heavy-haul Vision Drives Trucking Growth For Daseke". The Journal of Commerce. RetrievedMarch 18, 2016.
  19. ^Sakelaris, Nicholas (January 16, 2014)."Why CNG Doesn't Work For Daseke's Trucking Empire". Dallas Business Journal. RetrievedMarch 18, 2016.
  20. ^Buxbaum, Peter (August 13, 2015)."Daseke Adds Hornady Transportation in Flatbed Trucking Merger". Global Trade Magazine. Archived fromthe original on March 29, 2016. RetrievedMarch 18, 2016.
  21. ^Editorial, Reuters (4 December 2017)."Exclusive: Major U.S. trucking firm Daseke buys three firms".reuters.com. Retrieved23 March 2018.{{cite news}}:|first= has generic name (help)
  22. ^"Since acquiring 4 companies in 4 months, this DFW company's stock is up 38 percent (Video) - Dallas Business Journal".
  23. ^"Texas Transportation Executive and Renowned Philanthropist Don R. Daseke to Receive 2018 Horatio Alger Award – Horatio Alger Association".horatioalger.org. Retrieved23 March 2018.
  24. ^Inc., Horatio Alger Association of Distinguished Americans."Texas Transportation Executive and Renowned Philanthropist Don R. Daseke to Receive 2018 Horatio Alger Award".www.prnewswire.com (Press release). Retrieved22 November 2018.{{cite press release}}:|last= has generic name (help)
  25. ^"Horatio Alger Association Raises More Than $15 Million in Support of Scholarship Programs at the 71st Annual Horatio Alger Awards".marketwatch.com. Archived fromthe original on 2018-06-15. Retrieved22 November 2018.
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