Ahern & Associates, LTD., is a Management Consulting firm specializing in transportation. The company was founded in 1987 and is well versed in:
- Mergers / Acquisitions
- Operational reviews / audits
- Leveraged buy-outs / management-led acquisitions
- New capitol formations
- PEO’s (Employee Leasing)
- Bankruptcy / reorganization
- 50% to 60% of the firm’s business involves mergers and acquisitions
- The other 40% to 50% is involved in the restructuring of motor carriers to:
- Increase efficiency
- Reduce operating cost; and
- Improve bottom line profitability
We have accumulated a significant track record of handling complex assignments for entrepreneurial owner / managers in the companies they created. Our success has resulted from working with each client to structure their organization to benefit from their capabilities, while supporting them in those areas of the day-today business where they lack technical expertise or real personal interest.
The staff of Ahern & Associates has extensive experience in the management of transportation companies. We have the ability to face realities in the market place, tough regulatory environments, soaring direct and indirect labor and benefit costs, and lagging receivable collections. Our key people are pragmatic and “down to earth”. They have the “scars” of their years as front line managers and owners.
Since all of our expertise has been drawn from the transportation industry, we have developed a special “niche” for ourselves that sets us apart from other competitors and establishes us as an industry leader.
Our exposure to the transportation industry, and to the financial and accounting professionals, who supported them, have made us continually aware of the existence of various opportunities for the acquisitions and mergers. Bringing together the operating assets of two or more companies under a single, consolidated administrative management group can substantially improve a return on investment for all parties.
We work exclusively with transportation Buyers who have the resources and the motivation to take the merger path to growing their businesses. Our firm represents or has represented companies such as:
Ace Doran Hauling & Rigging Co., Inc. Farmland Industries, Inc. Advantage Transport, Inc. Fenway Partners, Inc. Alabama Motor Express, Inc. Fikes Trucklines, Inc. American Transport, Inc. Foodliner, Inc. Ardwin Freight, Inc. Forest City Trading Group, LLC Arnold Industries, Inc. Freight Management, Inc. Atlantic Street Capital Gardner Transportation Group Baldwin Distribution Services, Inc. Gemini Traffic Sales, Inc. Bold Transportation. Glenn National Carriers Builders Transport, Inc. Great Hill Partners, LLC. Boyd Brothers Transportation, Inc. Greatwide Logistics Services Buske Truck Lines, Inc. Gumbranch Capital LLC Celadon Group, Inc. Haney Truck Lines, Inc. Century Carriers Inc. Hercules Forwarding, Inc. Central Transport, Inc. Heritage Transportation Central Freight Lines. Hogan Transport, Inc. Christenson Transportation, Inc. Hribar Trucking, Inc. Coretrans, Inc Intermodal Cartage Company Cornerstone Systems, Inc. Invest Corp. International, Inc. C.R. England, Inc. Jamco Group CPX Trucking, Inc. Jetco Delivery CRST International, Inc. John J. Jerue Companies CTS Advantage Logistics J.P. Donmoyer, Inc. Dallas/Mavis Specialized Carriers J. Rayl Transportation Dallas-Miller Management, Inc. Koleasco, Inc. Dependable Highway Express, Inc. LandAir Express, Inc. Distribution Management Corp. Lawrence Leasing Co., Inc. DuPre Transport, Inc. Lily Transportation Corp East Coast Transport, Inc. L.J. Rogers Echo Global Logistics McCain Foods, Ltd Estenson Logistics McKelvey Trucklines, Inc. Evans Equipment Co. Melton Trucklines, Inc. Everhart Transportation, Inc. Mesilla Valley Transportation Milan Express, Inc. Milan Transportation, Inc. Miller Transfer & Rigging Nationwide Express, Inc. Network FOB Northern Refrigerated Services, Inc NYK Logistics Oakley Trucking Co., Inc. Old Dominion Freight Lines, Inc. Overnight Express, Inc. P.A.M. Transportation Services, Inc. Panther II Logistics Parcel Port, Inc. Paschall Truck Lines, Inc. Peoplease, Inc. PGT Trucking, Inc. Plains Transportation Progressive Logistics, Inc. R&L Carriers, Inc. RT Systems, Inc. Sargent Trucking Company Sammons Trucking, Inc. Sodrel Truck Lines, Inc. Smithway Motor Xpress, Inc. Southwest Freight Lines, Inc. Swift Transportation Co. Scott Fetzer Group 3-1 Truck Line, Inc Tandem Transport Corporation Tee Pee Logistics Thayer Capital Partners The Bama Companies, Inc. The Custom Companies The Evans Companies The Koch Companies Titan Transfer, Inc. TMC Transportation, Inc. Total Logistics Control, Inc. Total Transportation Services, LLC Transport Continental, Inc Transportation Resource Partners Transport Industries, L.P. Triple A Transport TRX, Inc. United World Cargo Universal Truck Load Services, Inc. USA Truck, Inc. US1 Industries, Inc. US Freightways, Inc. US Xpress, Inc. Vitran Corporation, Inc. VHL Logistics, Inc. Wooster Motor Express
In reference to acquisitions, we do not act as a business broker. We represent the Buyer and we complete executive searches on behalf of the client in reference to possible acquisition candidates.
We do a thorough analysis of:
- Financial statements for the last three (3) years
- Operational and statistical data
- Provide an evaluation of the net worth and the suggested purchase price of the selling company.
In all instances, the Buyer does all contract negotiations and due diligence.
For a first time Buyer , Ahern & Associates can:
- Assist the client in defining his / her acquisition criteria
- Assist in assembling an acquisition team
- Provide meaningful input in how to develop an integration plan once the acquisition has taken place.
We initially charge a small retainer fee, which is a one-time only cost of doing business with our firm. Should you acquire a carrier from our firm, the retainer fee is applied towards the balance of our fee. On any subsequent acquisitions we will complete an additional search, but there will be no additional retainer fee required. We do not work through intermediaries and we do not work with business brokers.
We represent our clients in the "painstaking" process of merging people, facilities, procedures and systems. We have determined that the most critical element of an acquisition is compatibility in style and substance of people who must have a working relationship in the combined entity … people able to agree on strategy, tactics and having the ability to go forward in the implementation of a coordinated business plan. The blending of personal chemistry is a complex process. If authority and responsibility are redistributed in a pattern that fails to motivate individuals, situations that initially appear to have an enormous potential, are often doomed to failure.
Although Ahern & Associates does not represent transportation Sellers, we can assist Sellers in providing them with meaningful input / analysis work in reference the potential selling price of their company and provide them with valuable information on how to sell their company.
Arkansas Transit Home, Inc. (ATH) was founded in 1958 by my late father, Wendell Chandler. In fact, to Illustrate how long that is got most trucking companies, our DOT number only has five numbers.
I would like to thank you Andy for making this very important and life changing event possible. It was a great experience.
Arkansas Transit Homes, Inc.
We have worked with you and your colleagues at Ahern Associates for some time now. We find your expertise in the area of logistics (be it in consulting or based on being hired for acquisition analysis) to be out standing. We value the relationship and are very happy to give you this letter of reference..
You should feel free to have any party call us to discuss our experience.
Benesch Attorneys at Law
England has been formally associated with Andy Ahern and his colleagues for approximately the past three years primarily in the area of acquisitions. During that period, we have experienced a professionalism that is refreshing. Andy offers in-depth expertise as well as industry knowledge born from extensive experience, a combination which adds material value well beyond a normal business relationship.
We anticipate a long Ė term, mutually beneficial association. It was a great experience.
Very truly yours,
Keith c. Wallace,Jr.
Senior Vice President / Chief Financial Officer
C.R. England, Ind
Century Carriers, Inc. and its subsidiaries are family owned businesses that was started 1998. When the Transportation business was booming, times were great but, like other family owned businesses we didnít prepare for the economy the past year. My wife and I lost many hours sleep and made many calls to attorneys, banks, and whom ever would listen to our story trying to figure out how we were going to save our business for our future and our children.
Andy and his team has given us hope that there is light at the end of the tunnel and we are making progress, thanks again.
Kevin Henderson, President/CEO
Century Carriers Inc. / Century Expedited Inc.
Originally, I met Andy at a Truckload Carrier`s Conference during a round table discussion on the transition of family business. Andy was very knowledgeable about the topic and expressed many ideas that we hadn`t thought of. During the down turn of our industry in 2001, We called upon Andy, as a consultant, to help us understand how to turn our business around. We hired Ahern and Associates to come in and do businesses review. By giving us a road map to success with their intial audit, they helped turn our business around within thirty days.
Andy Ahern and Ahern & Associates have always delivered exactly what they have promised.
Don Christenson, President
Christenson Transportation, Inc.
We have thought about selling our business one day, but we really didnít know much about how to go about it. Your company contacted us a few months ago about a client of yours that was looking to buy businesses like ours. Now just a few months later, the sale is complete. Everything went very smoothly, Ahern was there to guide us through the beginning of the process. We are very happy with our whole experience with Ahern, especially Andy and Brian. They gave us personal attention any time we had questions or concerns.
John & Jennifer Rainney
I wanted to thank you for your guidance, leadership and support. The professionalism and dedication of you and your staff is outstanding. The knowledge you posses of the transportation industry and its inner workings was been a huge asset to us in our time of transition. With your assistance we have been able to make significant changes within our company to improve structure and productivity. Aherns onsite visit and detailed evaluation of our company has been a very valuable tool. The outside look at how we do business and the suggestions you've made to improve our overall performance have been very valuable. All of your advice and direction has been thoughtful and caring, I feel that you truly care about our business and success. You've done everything you said you would do and then some, working with you and your dedicated staff has been a pleasure and will improve the productivity of our company. I look forward to a long relationship with Ahern and Associates.
Specialized Business Solutions. INC