Sun Acquisitions is pleased to announce the sale of an auto industry delivery/courier service operating in the Chicagoland area.
This business provides delivery and courier services to customers in the auto industry. Each customer is given their own dedicated delivery driver with their own car, insurance and fuel. By outsourcing work, the business has been able to offer their customers cheaper deliveries compared to industry competitors. The business holds no fixed assets or equipment, employing independent contractors as drivers who provide their own vehicles and insurance. The benefit to the client’s is a reduced bottom line, quicker turnaround and increased productivity.
The buyer saw the opportunity to leverage the existing infrastructure and expand the market coverage of the operation and by offering these services new industry verticals. Sun Acquisitions generated over 30 inquires on the business, which led to 6 qualified buyers and 1 final offer. The business was acquired by an individual investor.
The SunAcquisitions team managed all aspects of this client engagement to lead to a successful sale.
About Sun Acquisitions:
Sun Acquisitions is a Chicago based mergers and acquisitions firm. We work with clients that are interested in the confidential sale, acquisition or valuation of privately held middle market and main street companies. Our professionals have significant experience and knowledge to thoroughly guide clients through each stage of the sale or acquisition process. Sun Acquisitions has successfully managed and handled engagement across all industries and is recognized as a leading M&A advisory firm in the Midwest.
If you are interested in buying or selling a business, contact us at (773)-243-1603 or email [email protected].