posted by admin on Apr 16
Son of owner is shareholder and will remain as well as key management employee. The owner has received written offers by the large trucking companies offering in the range of 2. 7 to 3MM. The Seller wants to deal with someone who is currently successful operator in the transportation business, who will merge his company into theirs, as he wants to protect his client base and employees. The trucking company nonunion hauls truckloads of product in British Columbia, Washington, Oregon and California.
It maintains level of clients and sales the owner feels comfortable with. The company has recently sold off some trucks and leased new ones so the sale price will be lower. 100 of the shares are being sold. Sales for year end on target to reach 4 million.. The owner will also remain with the new owners would have broken up the company.
Seller wasnt pleased how the new owners for period of time for comfortable transfer of ownership. Also out of loyalty to his clients and employees he turned down their offers. The Seller wants to deal with someone who is currently successful operator in the transportation business, who will merge his company into theirs, as he wants to protect his client base and employees. The trucking company nonunion hauls truckloads of product in British Columbia, Washington, Oregon and California. The company has recently sold off some trucks and leased new ones so the sale price will be lower.
Tags: transportation, trucking companies, trucks
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