CB Close

Free eBook

5 Keys to maximizing your
transporation business sale

Every transportation business owner will sell their business at some point. As the industry transaction specialist, Tenney Group is passionate about making that experience as rewarding as possible when the time is right for you. You future business sale success begins with education.

Click Here

eBook Popup Cover
Call Us: 877-642-8033
Listings Feature Image

Listings

23M Refrigerated Trucking Company – Sold in 30 Days

Asking Price: SOLD
Gross Revenue: $23,000,000
Business Description:

The Company was started with 7 trucks and the intent to fill an internal transportation need for parent company. The company expanded, choosing reefer trailers as a means of finding loads that would get them back into their geographic area. The company very quickly evolved away from hauling their own product into a for hire reefer carrier. Company maintains a high DOT rating and is Smartway Certified.
The company has created and continues to maintain great relationships with customers. Customer service has become one of their greatest assets. Company planners have been growing the business consistently for about the last year and a half.

Management has made a decision to turn all energies to their core business, outside of the transportation industry. The company is generating about $23,000,000 annually in revenues and continues to grow. Owner believes that an experienced management team with complete focus on transportation would be the best fit for this business. Seller will consider all reasonable offers.

Seller Financing: Available to qualified buyers
Year Established: Information available upon receipt of signed NDA/CWA
Mgmt. Training/Support:

Seller is open to discuss assisting in transition with new owner.

Reason For Selling:

Owner wants to focus all energy on core business.

Facilities:

Building not included in sale, but available for lease for short period of time.

Market:

Large area with little competition makes for a great outlook. Current business is a result of word-of-mouth, with virtually no sales and marketing efforts. With efforts in these areas, business could grow quickly.

Outlook/Competition:

There are few competitors that are able to meet demands this company is able to handle. Current ownership believes that an acquirer with greater experience in the area of fleet management would likely be able to make broad and immediate cash flow improvements to the business.

The Tenney Minute Newsletter

Sign up now for free access to transportation business for sale alerts, articles and educational videos.

“My partner and I hired The Tenney Group to help us accomplish three specific transaction goals. The Tenney Group allowed us to achieve all three goals in 42 days.”

Russ Cooke
Former Owner of TCI Worldwide
Boston, MA

"I recently worked on a deal with The Tenney Group. I found their transaction team to be extremely detail oriented and knowledgeable of the trucking industry."

James Perry
Optimum Trucking & Optimum Transport
Dallas, TX

"Not certain of my next move, I reached out to the Tenney Group. My trucking company was experiencing considerable growth and I felt it was a good idea to have them..."

Alabama Trucking Company

"In his role of advisory to the buyer and my role, representing the seller, I found Spencer Tenney to be very professional, knowledgeable and hard-working."

Kevin Freeman
Managing Partner, Stony Hill Business Brokers
Trevose, PA

"Tenney Group's experience and knowledge of the industry made them a good fit to help us with our strategic planning. Their commitment to service and personal attention..."

10 Million Transport Company
North Carolina

"I have told my wife if anything should happen to me, call The Tenney Group, I know they will take care of you."

Chris Hundley
Owner
North Hollywood, California