Sun Acquisitions has been engaged to sell a profitable trucking company. The company, based out of Illinois, has been in operation since 2010.
This trucking company offers transportation services, storage services, next day delivery services to nearby states, and LTL services. They have strong relationships with freight brokers, which provides the company with their consistency in freight volumes. They are equipped with an experienced and reliable team of dispatchers and company truck drivers and owner operators. They have had steady and consistent revenues year over year, but there are many opportunities present to grow the company.
They have had steady and consistent revenues year over year, but there are many opportunities present to grow the company, such as increasing the size of their fleet, and developing a marketing strategy and website. According to IBIS World Industry Report for Long Distance Trucking, trucking will continue to be the most widely used mode of freight transportation. Over the next five years, IBISWorld expects industry revenue to increase at an annualized rate of 1.8% to $243.8 billion.
Tony Schiappa, Senior Advisor at Sun Acquisitions, will be managing this engagement and will oversee the firms marketing efforts. Engaging an intermediary in the sale of a business assures business owners that they will get the best pricing and terms and that the terms will remain confidential. Most importantly, this will give the business owner the freedom to concentrate on his business.