生意详情
Company offers asset-based and brokered carrier services, and warehousing and inventory management for a key customer. Headquartered in the Upper Midwest, the business operates in 48 states and Canada, with about half of the company's hauling business focused in the Midwest. The warehouse has indoor rail siding with capacity for 12+ railcars and site preparation work has been completed for an expansion to the facility. The company has a well established reputation and, outside the recent recession, a long history of profitable growth. The company has highly experienced employee management in place and a solid team of people with an excellent understanding of the logistics business. Driver turnover is about 10%, far below industry norms, largely attributable to a favorable company culture. The asset-based trucking part of the business is operated with a well-maintained, late model fleet, including tractors and trailers. The brokerage side of the business is handled from the Upper Midwest office, as well as through an independent agent located further south. The company is currently focused on building the brokerage side of the business, and the brokerage business is expected to double in 2015. In terms of the asset-based trucking services and warehousing, the company has not tried to build its customer base in several years. Currently, the company has more demand than it can handle and its largest customers have indicated interest in doing significantly more business. A new owner could invest in expanding the warehouse or develop a more aggressive driver recruitment practice to increase capacity. This is an ideal opportunity for a strategic company looking to build a business of greater value by acquiring additional customers and experienced, loyal drivers and/or gain a distribution hub in the Upper Midwest.Retirement