Selling your transportation company is a multifaceted process requiring thorough preparation and planning. The process can be complex and lengthy, but a seller should understand and fully evaluate the unique industry factors that a prospective buyer will examine in advance of a transaction. This crucial step can minimize costly surprises and enhance the likelihood of a successful result.
Transportation companies are thriving today. But the industry’s most coveted asset, its drivers, are being heavily courted in a competitive employment environment. For a majority of transportation companies, driver satisfaction goes hand in hand with company reputation, customer satisfaction and success. The American Trucking Associations (“ATA”) reports that the transportation industry has struggled with driver shortages over the past 15 years. The shortage further exacerbates profit margin as the recent tight labor market has given rise to increased wages for drivers.
HOFFMAN ESTATES, IL - PCE Investment Bankers, Inc., a leading financial services firm for mid-market companies, is pleased to announce that the shareholders of Nussbaum Transportation Services (Nussbaum) have sold an interest in the company to the Nussbaum Employee Stock Ownership Plan (ESOP) Trust.
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