Phoenix, AZ (PRWEB) March 26, 2012
Ahern and Associates, Ltd., North America’s top transportation company advisors have noted a marked increase in the number of personal dispute resolution requests as a result of personal family matters including divorce, probate, successor planning, tax issues and the selling of the company among others.
Often, the owners of successful trucking or logistics companies have reached a point in their lives when it’s time to either sell or transfer ownership of the company on to their family members and require counsel on transferring ownership while protecting liquidity. These situations are extremely sensitive and call for only the most skilled consultants to determine an accurate valuation of the company and transfer ownership or implement a successor plan.
In other circumstances, owners are faced with the death of a partner or personal divorce and don’t know how to accurately value their company; Ahern plays a critical role in these matters by acting as an independent party, placing fair market value on the company and working closely with attorneys to provide resolution.
In a recent case study, Ahern was able to satisfactorily represent a husband and wife, in reference to the dissolution of their marriage through the valuation of their business. The couple could not find anybody competent enough to value their trucking business based on current market conditions. The pair fought forever while wasting thousands on attorneys before ultimately deciding to hire Ahern and his team because of their extensive experience in transportation. Ahern diligently worked with both parties’ attorneys and structured a fair compensation plan and payout over time.
Tax burdens or bankruptcy issues also call for accurate valuations as often times trustees will place their own inaccurate valuation on a company and potentially increase the tax burden or affect the company’s ability to emerge from bankruptcy. Ahern’s expert, third party valuations have repeatedly stood up in a court of law and saved clients thousands of dollars along with the business they’ve worked their entire life for.
Additionally, there are employers who would like to sell their transportation company to their employees, but don’t know the exact value of the company or how to put the deal together outside of an ESOP program. Ahern’s team of consultants will do an on-site operational and employee review and provide the exiting owner with a fair market value of the company in addition to structuring the sale of the company to the employees.
“Issues like successor planning, taxes, divorce and bankruptcy all have the ability to hold up the sale or passing on of a trucking or logistics company, usually as a result of inaccurate valuations. Our comprehensive on-site review process is unmatched and reduces the emotional toll while saving our clients valuable time and dollars,” explained Andy Ahern, CEO of Ahern and Associates.
About Ahern & Associates, Ltd.:
Ahern and Associates is North America’s leading trucking and transportation management consulting firm. The skilled consultants at Ahern and Associates specialize in mergers and acquisitions of trucking and logistics companies as well as the restructuring and evaluation of existing carriers that seek to increase operating efficiency and improve profitability. Since 1987, Ahern and Associates has aided hundreds of buyers in the acquisition of trucking and logistics companies throughout the U.S. and Canada as well as assisting many transportation and logistics companies in reducing their overall operating costs and increasing their profitability. For more information, please call 602-242-1030 or visit http://www.Ahern-Ltd.com
Jason W. Jantzen
Phoenix Marketing Associates