Logistics firm US 1 Industries has accepted a buyout offer from a company owned by two of its top executives.

Logistics firm US 1 Industries said it has received a proposal from its two top executives to buy all of the shares they don’t already own in a transaction that is worth about $8 million.

Logistics firm US 1 Industries said it earned $500,000, or 4 cents a share, in the second quarter, up from $250,000, or 2 cents, a year ago.