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Transportation Transactions

Food Transportation Company in North Carolina

(Carrigan & Sons Trucking) This trucking business is located in the Charlotte area of North Carolina. They specialize in delivering chilled and frozen food products throughout the eastern half of the U.S. They also provide seasonal flatbed carrier services and a transportation brokerage business. They have a fleet of refrigerated trucks as well as the latest technology to allow them to provide the best logistics, fuel management, telematics, and more.  We received multiple offers and were able to sell the business for the full asking price. Please contact us if you would like to sell a transportation business in North Carolina or anywhere else in the US.

Transportation, Logistics & Warehousing

(Cougar Express) Trucking Company is known for their on-time delivery. The owner contacted us a couple of years ago when they were considering selling their business. They decided to wait until they were ready. Once they committed, we were able to sell their business to a public transportation company (Transportation & Logistics Systems, Inc.) that was acquiring multiple logistics businesses. They were able to make a more attractive offer than other potential buyers. The business was sold for 4X net cash flow in 7 months from when we started the sale process. Contact a Transportation Business Broker to sell your Trucking Company.

Medical Transportation Company in Western Massachusetts

(MJ Transportation) The company provides non-emergency medical transportation for patients to get to and from their doctor appointments. The owner wanted to relocate out of state. We were able to find the right buyer and negotiate terms that worked for both parties. Contact us to sell your medical transportation business.

Driver Education Company

(PAS Auto School) Driver Education company providing driving lessons to schools and private individuals. We executed a marketing plan that involved internet advertising, mailings, phone calls, and networking. We received multiple offers for this business opportunity. The business sold to a Private Equity Group. Contact us to sell your driving school.

Intermodal Trucking Company

(Mate Trucking) The sellers owned a company that transports goods from shipper to consignee either by truck or by rail. And they are growing their Cross Docking business for Import and Export loads. The sellers were a 3rd generation trucking company and wanted to ensure the buyers were strategic.  We had 2 offers the sellers turned down, as he wasn’t comfortable with the buyers.  We received a final offer with cash at the close with no seller financing. The business was sold in 3 months from the time that we listed it. The buyer was a regional trucking company that offered the same services. The due diligence process challenge was the buyers wanted to push a personal guarantee on any indemnifications. The seller’s lawyer kept pushing back until we worked out a mutually agreed-upon agreement. The sales were on a multiple of 2.89 multiple of net cash flow. The business had 22 employees.

Collection Agency for Commercial Vehicle Insurance

(Transubro, Inc.) Transportation Insurance Subrogation Collections Company was acquired by a private equity group. We received 5 offers and were able to deliver a price that was 5X the owner’s net income. The company’s clients are businesses with multiple vehicles for both passenger and cargo transportation fleet owners. The company identifies insurance collection opportunities in physical damage, loss of use, diminished value claims, and more, resulting in the collection of hundreds of thousands of additional dollars for its clients. Outstanding relationships with carriers result in the fast settlement of claims with robust customer retention rates. Contact us to sell your collections business.

Trucking Company in the Chicago, Illinois area

(Tera Logistics) Established Trucking company that owned 12 new trucks with loans that would need to be paid off prior to the closing. We had a couple of different buyers to choose from and selected a buyer in the trucking industry who was able to obtain SBA financing. The seller was able to pay off the loans on the trucks from the sale and still receive enough in addition to this to feel comfortable with the selling price.

Trailer Manufacturing and Distribution Business in Texas

They manufacture trailers for industrial, commercial, and recreational uses with over 40 models. They have a large 127,000 Sq. Ft. Manufacturing Facility with a 45-acre property. They have built up a large distributor network and also distribute other brands. They have over 90 employees. They supply trailers for automobiles, landscaping equipment, horses, cargo, motorcycles, livestock, and more. The business was very profitable but also came with some debt so took some time to find the right buyer.

Marine Equipment Manufacturer

(JohnRie Intertech, LLC) The business focused on marine deck equipment engineering, servicing, and manufacturing, including tugboat winches. The owner started the business over 20 years ago and was well-known in the industry. The major mechanical components were made in Korea and assembled in the US; the business had 4 employees, including the owner, who was the main engineer and only sales rep., so he traveled constantly around the world.   Early in the engagement, It was evident that this business required specialized skills, and our best chance of selling would be a strategic buyer. We worked with our client to get a list of competitors and started calling the highest level we could reach at the companies. Within the first two months, we had an LOI from a large marine deck manufacturer in Houston. However, it became apparent as the deal progressed that the seller’s culture would not mesh with the buyer’s culture. So, the deal was called off. We found another buyer in the industry that was recently sold to a Private Equity firm. We initially refused their first offer; they came back a month later with the final offer, which was accepted. The deal had some sticky points, specifically with working capital (earned AR vs. new orders deposits) and how to transfer government contracts due to the CAGE codes, which may or may not be transferred to a new legal entity (long-term Navy contracts), so it ended up being a stock sale.  We were able to overcome the issues and close the deal.

Trucking Company

(Safeway Trucking) The owner of this trucking company had recently sold the property in which the business was housed, and the new owner gave them a very short time to vacate their premises. Hence, the seller wanted us to move quickly. We located a strategic buyer in the trucking industry who didn’t need the property because they already had their own location. They were interested in picking up the clients and employees. We negotiated an acceptable offer and closed the deal within six months from start to finish.
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