Why Ahern

Ahern has accumulated a significant track record in both:

  • Transportation Mergers and Acquisitions and;
  • Financial turnaround of numerous trucking companies

We have accumulated a significant track record of handling complex assignments for entrepreneurial owner/managers in the companies they have created.

The staff of Ahern & Associates has extensive experience in the management of transportation companies.  Their staff consist of ex-presidents, Chief Financial Officers and Operational Experts who came from major trucking companies.

  • These executives retired early.
  • They received their "golden parachutes" and;
  • They choose not to go back into corporate America

These are seasoned executives, not company rejects! These are people with:

  • Strong operating strengths,
  • Past achievers;
  • Talent, which under normal circumstances, most trucking companies could not find or afford.

This is talent that is results oriented and proven performers!

In reference to mergers and acquisitions, Ahern & Associates, Ltd. is:

  • Not a business broker and;
  • Not an investment banker.

Ahern is able to penetrate markets that most competitors cannot because of:

  • Their expertise;
  • Their reputation and;
  • Their ability to bring a Buyer and Seller together in a short amount of time.

In reference to acquisitions, Ahern does a thorough analysis of:

  • Financial statements;
  • Operation and Statistical data and;
  • Provide and evaluation of the net worth and purchase price of the selling company

This saves the Buyer and the Seller a tremendous amount of time.  It also allows both parties to understand what a fair price would be for the transaction.  In all instances, the Buyer does all contract negotiations and due diligence.

The Seller has no out of pocket expenses for Ahern's evaluation.  In essence, "It's a win-win situation" for all parties.

In reference to operational reviews, Ahern provides guaranteed performance on all of their projects.

  • All projects are on a "flat" charge basis.
  • With guaranteed results and;
  • Most operational reviews are completed within a 45-day period.

Includes the installation of a specialized software program to track every dispatch and create a profit and loss statement.

When reviewing a company, we do a complete financial and operational audit and analysis of the firm.
This includes:

  • 1. Operational Audit - We provide an "on-site" audit to assist in reviewing an operation from the
           standpoint of an observer.  We review an organization for savings in:
    • Dispatch Procedures
    • Marketing/Sales/Traffic/Lanes
    • Computer Systems in use
    • Maintenance
    • Loads per week
    • Revenue per load
    • Revenue per mile - loaded
    • Revenue per mile - all miles
    • Empty mile ratio
    • Customer Base
    • Recruitment and Training
    • Driver Pay Scale
    • All personnel salaries
    • Internal Purchasing
    • OSD Department Claims

  • 2. Financial Audit - We do an analysis of balance sheets and income statements to include the review of:
    • Current ratios
    • Net worth to debt ratios
    • Sales/Receivables
    • Net profit to sales ratios
    • Operating ratios
    • Capitol employed ratios
    • Fixed property ratios

  • 3. Personnel -  We provide an in depth analysis of existing management detailing/critiquing:
    • Assessment of capabilities
    • Areas of Expertise
    • Ability to grow within your firm

    In conjunction with the above we have relationships with firms that might substantially reduce your pre-payments in reference to Workers Compensation/Health insurance.  This service also provides you with administration and assist you in your safety program.  This not only allows you to attract a better class of driver, but also increases your retention of business while reducing your operational cost.
     

  • 4. Insurance - Although we are not an insurance agency or brokerage, we have associates that are
         contracted with this firm that have specific expertise in the transportation business.  In numerous
         instances, they can suggest creative alternatives to:


    • Increase cash flow
    • Reduce operational cost

  • 5. Secured Lien Holders - We review/analyze all credit terms/payments and offer alternatives
         (if available), to reduce monthly payments.  This increases a companies ability to cash flow
        money into your business and shore-up your long term ability to perpetuate the company.


  • 6. Unsecured Debt - We again review/analyze your trade payable/vendors to ensure that:
    • Initial cost
    • Terms
    • Service

    Exceed Industry Standards.

    1. 7. Cash Flow Enhancements - My firm has the ability to often times secure receivable financing
          for a client.  This financing is frequently at substantially lower percentage rates than an
          individual could secure on his own.

    In essence, we review every aspect of a company!

    We are the only nationally recognized firm that offers a full rage of services to include:

    • Mergers/Acquisitions;

      1. How to buy a company, and;
      2. How to sell a company.
  • Operational Reviews;
  • Successor Planning;
  • Business Planning;
  • Cash Flow" Management;
  • Sales and Marketing Programs;
  • Transportation Software;
  • Employee Reviews;
  • Lane Profitability;
  • Employee Leasing;
  • Renegotiating Credit Terms/Payments.
  • You hire Ahern because of the talent they have assembled to deal with all of your challenges!

    Testimonials
    Dear Mr. Ahern,

    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.

    Sincerely,
    Dwight Chandler
    President
    Arkansas Transit Homes, Inc.

     

    Dear Mr. Ahern,

    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.

    Sincerely,
    James M.Hill
    Benesch Attorneys at Law

    Dear Mr. Ahern,

    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

     

    Dear Mr. Ahern,

    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.

    Sincerely,
    Kevin Henderson, President/CEO
    Century Carriers Inc. / Century Expedited Inc.

    Dear Mr. Ahern,

    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.

    Sincerely,
    Don Christenson, President
    Christenson Transportation, Inc.

     

    Dear Mr. Ahern,

    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.

    Thank you,
    John & Jennifer Rainney
    DCT

    Dear Mr. Ahern,

    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.

    Thanks again,
    Dave Dean
    Specialized Business Solutions. INC
    Meridian, Idaho

     

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