The owners of a trucking company (the “Company”) that has provided heavy haul and specialized freight services for more than 30 years became interested in selling the Company and transitioning out of the business. The Company specializes in hauling construction, military and agricultural equipment. In addition to its own fleet, the Company is a transportation broker and has developed a network of carriers that can provide heavy haul and specialized freight services throughout the continental U.S.
The owners were involved with the day-to-day operations of the Company, and they focused on identifying a new owner that could step in and run the business from day one.
The investment banking team at Baker Tilly Capital worked closely with the owners, developing and implementing a complete and competitive sell-side transaction process to identify the right partner moving forward. Upon assessing the Company’s current state of operations and developing a comprehensive confidential information memorandum, our team conducted an extensive marketing process to targeted strategic buyers that met parameters set forth by the owners.
The outcome of the transaction process matched the Company with a strategic buyer (the “Buyer”) that met the Company’s objectives. The Buyer is a trucking company that also serves the construction industry and was looking to expand its operations.
With the Buyer coming in, the Company’s owners will be able to transition quickly out of the business.
“Baker Tilly Capital understood our desire to find a reputable buyer that could come in and run operations from the start. We found the right strategic buyer and we look forward to seeing the new heights they will be able to achieve [for the Company].”Owners of the Company
For more information on this deal, or to learn how Baker Tilly Capital specialists can help, contact our team.