The first two quarters of 2015 have been very active for Ahern & Associates, and the industry in general. As such, clients of the M&A advisory firm have advised of their needs through September 30, 2015
Phoenix, AZ (PRWEB) July 30, 2015
Trucking and transportation consulting firm Ahern & Associates has released its latest collection of acquisition targets for the third quarter of 2015. Each quarter, CEO and Founder Andy Ahern releases the needs of Ahern’s clients so that transportation owners can determine if they themselves are ready to begin their own process. The first two quarters of 2015 have been very active for Ahern & Associates, and the industry in general. As such, clients of the M&A advisory firm have advised of their needs through September 30, 2015:
Client 1 is a mid-sized transportation company, generating approximately $65M-$70M of annual revenue. They are looking for trucking companies with an average length of haul 300+ miles in Ohio, Michigan, Indiana, Illinois, Kentucky, Missouri, Tennessee, Georgia, North Carolina, South Carolina, and Texas. Their preference is to look at asset-based trucking companies, but are also open to “light asset” companies.
Client 2 is a large, primarily specialized flatbed carrier, looking to expand their operating footprint. Ideal candidates are 200-400 power units, preferably asset-based, can move quickly, and must be profitable and have a strong management team. This client is interested in having management stay with the company going forward.
Client 3 generates in excess of $450M in annual revenue, and specializes in truckload and less than truckload. For truckload carriers, they are interested in an average length of haul between 250-400 miles with revenues of $5M-$25M. For less than truckload carriers, the client is looking for companies of any size that can add to their operating position with a minimum annual revenue of $5M. This client operates primarily in the mid-Atlantic, East Coast, and portions of the Midwest and is looking to stay within their operating footprint. The ideal candidate could be between 50-200 trucks possibly, and primary traffic lanes should mirror their operating footprint. A good target area would be North Carolina or inner-city Chicago, as well as surrounding areas of Indiana, Wisconsin, Michigan, Kentucky, and the Cincinnati, Ohio area.
Client 4 is a very large flatbed company that is looking to acquire independent contractor companies. This client is not interested in company tractors, but will purchase trailers. The client is looking for target companies that generate $10M-$25M of annual revenue; the company can be profitable or not profitable.
Client 5 is one of the largest providers of supply chain solutions in the country, and is looking to acquire freight brokers that generate $15M-$150M of annual revenue. The company must have strong operating margins, strong EBITDA, must have a good diversity of business, and have a strong management team.
Client 6 is an extremely large provider of logistics solutions for construction, manufacturing, mining, oil refining, and agriculture. This client is interested in expanding its operating footprint in the light asset business models, and is interested in trucking companies that have trans loading facilities and those that are freight brokers that focus on agricultural bulk commodities, energy, mining, or other niche markets. The ideal company can be profitable or not profitable, and the client will review opportunities at $5M-$75M of annual revenue.
Client 7 has been in business since 1950, and is a light asset-based business model. This client is involved in truckload, less than truckload, freight brokerage, intermodal, and van, and is willing to review opportunities that generate $3M-$40M of annual revenue. The client will consider some company assets, but is only interested in acquiring companies that are located in the state of California. The client is also involved in warehousing in California, and is interested in warehousing opportunities that can be consolidated into one of their facilities.
Client 8 is one of the leaders in the trucking and supply chain solution industry in the country and is active in all forms of freight. The client is willing to review companies with $40M-$250M of annual revenue, and is willing to acquire 50-60% of the business. A formula will be established so that when the owner is ready to exit the business, the client can acquire the balance of the business at the predetermined formula. The ideal company must be profitable with historically strong earnings, and must have a very strong management team. This client will consider flatbed carriers, van, over the road, asset, and non-asset-based businesses.
Client 9 is a Midwest family-owned company that has been in business for 30+ years. They are active in the dry bulk, van, and freight brokerage business. The client is looking to acquire opportunities for dry bulk, pneumatic carriers that generate $5M-$10M of annual revenue, van or flatbed carriers that generate $5M-$10M of annual revenue, or freight brokers that generate $3M-$10M of annual revenue. The target company can be profitable or marginally profitable, but must be located in the Midwest area.
Client 10 focuses on specialty niche businesses and generates $800M of annual revenue. This client is looking for companies that service a specific niche, especially those that are in the chemical haul business that is hazardous, those that are in the hazardous waste business, those that are bulk commodity freight brokers, and any niche business that needs a specialization. The client normally will entertain opportunities between $5M-$75M of annual revenue; they also have a program for larger opportunities where they will purchase 50% of the business, will become the financial strategic partner, and will develop a formula to purchase the balance of the business when the owners are willing to exit the business.
Readers with knowledge of suitable companies that may be a fit with any of these clients are asked to contact Andy Ahern at (602)242-1030 or email him at ahern(at)ahern-ltd(dot)com.
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.