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Ahern & Associates Ltd receives multiple assignments…..

Thursday, September 8th, 2011

North America’s Premier Transportation Consulting Firm, Ahern and Associates, Receives Multiple Additional Assignments from Trucking, Logistics and Private Equity Firms

Trucking and logistics consultants announce engagements by numerous new clients to review opportunities for acquisition.

Phoenix, AZ, September 5, 2011— Keeping their strong momentum while entering the final quarter of 2011, Ahern and Associates, Ltd. shows once again why they are the leading trucking and logistics acquisition firm by announcing consulting engagements by nine additional clients who are looking to expand operations. Andy Ahern, CEO of Ahern and Associates, who is well known for his ability to create markets within the transportation industry, makes this proclamation on the heels of their recent announcement of their second annual Transportation Conference to be held September 23rd in Chicago.

Analysts at Ahern and Associates are seeking assistance for the following open assignments:

Client #1: is a privately held transportation company with revenues exceeding 1 billion dollars

The company is looking to acquire:

  • Flatbed companies that are predominately independent contractor driven.
  • Minimum revenue - $80MM.
  • Maximum revenue – $400MM
  • Company is willing to pay cash.
  • Company is willing to pay a multiple of EBITDA.
  • Company is looking for profitable carriers that have a strong management team and will want to stay on after acquisition.

Client #2: is a publically traded company looking to acquire freight brokers and logistics providers whose revenues generate $25MM – $80MM of annual revenue.

  • Must have a strong management team.
  • Management must be willing to commit 3-5yrs on running the company going forward, and;
  • Company is willing to pay multiple of EBITDA.

Client #3: is a private equity firm looking to acquire a van carrier or van carriers in two specific categories.

  • Carriers that generate $25MM of annual revenue and run primarily in the southeast/southwest.
  • Carriers that generate $200MM and over of annual revenue running primarily to southeast/southwest.

Client #4: is looking to acquire LTL carriers whose revenues exceed $150MM annually.

  • Company can be marginally profitable.
  • It has to have a long history in the business, and;
  • The client is willing to pay a multiple of EBITDA.

Client #5: is a trucking and logistics company that is currently in the dedicated contract arena.

  • They are looking to acquire companies that have 3-5yr dedicated contracts that pay all miles.
  • They are willing to pay a multiple of EBITDA.
  • They are not interested in automotive contracts within the auto industry, and;
  • They are looking for companies that historically are looking for an exit strategy and want to stay on for some time period.

Client #6: is a privately held company well recognized in the industry and is looking to acquire a $100MM – $500MM refrigerated carrier. Currently, the client does not haul this type of freight.

  • The company must have a very strong management team.
  • The management team must be willing to stay and move the company forward, and;
  • The client is willing to pay a multiple of EBITDA.

Client #7: is a small Midwestern, well capitalized family operation, looking for bulk pneumatic (dry) carriers in the IL, IN, MI, WI area.

  • Is looking to acquire companies from $5MM – $30MM of annual revenue.
  • Is also looking to acquire freight brokers that deal in the bulk commodity business, and;
  • The company is willing to pay a multiple of EBITDA.

Client #8: is a well-established manufacturing company looking to acquire companies to utilize the strengths of their business and develop new products in the category of powered equipment and tools, which will be sold in commercial and industrial markets, including new truck mounted applications. The client is looking for companies that offer;

  • Multiple and virtual unrestricted channels of distribution.
  • They are probably involved in manufacturing chipper units, log splitters, stump grinders, truck or trailer mounted vacuum systems, refrigeration units for trucks and trailer, under hood air compressors, turf products, air spades and air vacuums, portable winches used by arborists.
  • Minimum revenue size is $20MM.
  • Maximum revenue size cannot exceed $300MM of annual revenue.
  • Company is very well known in the industry.
  • They are willing to pay a multiple of EBITDA

Client #9: is a well-known family owned flatbed company that is in the top 5% in the industry.

  • Company is looking to acquire flatbed companies that utilize independent contractors.
  • Will look at companies that have a minimum of 30 trucks.
  • Will look at companies that operate 300 trucks.
  • Client is willing to move quickly.
  • They are willing to pay a multiple of EBITDA, and;
  • They are specifically interested in specific geographic areas such as; TX, OK, GA, TN, AR, IL and IN.

Ahern’s unique approach to aiding companies seeking to acquire specific assets in transportation is entrenched in their ability to provide the most accurate company valuations in the industry while working with the broadest network of professionals and contacts in the country. “We’ve seen a real spike in transportation acquisitions in 2011 and expect that trend to continue for quite some time. Our analysts are constantly talking to companies who may be a match for our outstanding acquisition needs.”

If your company is a potential match to any of the above prerequisites, you are urged to contact Andy Ahern direct at 602-242-1030.

About Ahern & Associates, Ltd.:

Ahern and Associates is North America’s leading trucking and transportation management consulting firm. The skilled consultants at Ahern and Associates specialize in mergers and acquisitions of trucking and logistics companies as well as the restructuring and evaluation of existing carriers that seek to increase operating efficiency and improve profitability. Since 1987, Ahern and Associates has aided hundreds of buyers in the acquisition of trucking and logistics companies throughout the U.S. and Canada as well as assisting many transportation and logistics companies in reducing their overall operating costs and increasing their profitability. For more information, please call 602-242-1030 or visit http://www.Ahern-Ltd.com

Acquisition Client #26

Wednesday, March 16th, 2011
  • Family owned and operated, large intermodal carrier seeking captive agents to grow with their current established business. Client will provide working capital, insurance, billing, collections, client approval, etc. Agent split 65%/70% – parent 30%/35% – commissions paid weekly. Client is primarily interested in intermodal companies.

Acquisition Client #25

Wednesday, March 16th, 2011
  • Trucking company looking to acquire dedicated contract carriers with 3 – 5 year contracts that pay all miles. Target revenue: $5MM – $200MM of annual revenue.

Acquisition Client #24

Wednesday, March 16th, 2011

Family owned bulk and pneumatic carrier looking to acquire profitable bulk or pneumatic carrier with revenues between $5MM – $20MM. Prefers locations in Wisconsin and Illinois but is open to other geographic areas.

Acquisition Client #23

Wednesday, March 16th, 2011
  • Large intermodal client looking to acquire intermodal carriers between $5MM – $30MM of gross annual revenue. Must utilize independent contractors – buyer will bring capital to the deal.

Acquisition Client #22

Wednesday, March 16th, 2011
  • Specialized heavy haul client looking to acquire a non-asset based specialized carrier in North and South Carolina or Georgia. Some company equipment acceptable and target revenue should be between $5MM – $20MM.

Acquisition Client #21

Wednesday, March 16th, 2011
  • Family owned flatbed business looking to acquire a non asset based flatbed/owner operator company generating a minimum of $15MM of annual revenue, profitable or non profitable.

Acquisition Client #20

Wednesday, March 16th, 2011

Large transportation company, well recognized in the industry, is looking to acquire a $75MM – $200MM refrigerated carrier. Company must be profitable and key management must be willing to stay. Client is currently not in the refrigerated carrier business.

Acquisition Client #19

Wednesday, March 16th, 2011
  • Public, non-asset based company looking to acquire profitable freight brokers between $20MM – $75MM of gross annual revenue. Client is willing to pay 4 to 5 times EBITDA, plus the liquidated balance sheet.

Acquisition Client #18

Wednesday, March 16th, 2011
  • Private equity firm looking to acquire a $100MM+ freight broker or 3PL company. Willing to pay 5 to 6 times EBITDA, plus incentives. Company must be profitable with a strong management team willing to stay.

Acquisition Client #17

Wednesday, March 16th, 2011
  • Private equity firm looking to acquire a $100MM+ freight broker or 3PL company. Willing to pay 5 to 6 times EBITDA, plus incentives. Company must be profitable with a strong management team willing to stay.

Acquisition Client #16

Wednesday, March 16th, 2011
  • Private equity firm looking to acquire specialized heavy haul carriers generating at least $1.5MM of EBITDA and at least $20MM of annual gross revenue – will purchase asset based companies as well as non asset based companies.

Acquisition Client #15

Wednesday, March 16th, 2011
  • Private equity firm looking to acquire non asset based intermodal, van and 3PL’s. Must generate, at least, $1MM of EBITDA.

Acquisition Client #14

Thursday, September 30th, 2010

Ahern and Associates has been engaged for the following targeted, acquisition assignments by a major East Coast Drayage Company:
1. Locate additional drayage agents in the eastern 2/3’s of the United States

2. Identify drayage agent companies with annual revenues between $10MM to $40MM which utilize independent carriers and have a strong agent network.
3. Locate dry van and flatbed platform freight brokerages with annual revenues up to $60MM.

Acquisition Client #13

Friday, September 17th, 2010

Client 13: Well established intermodal carrier. Seeking to acquire independent contractor companies within the markets of Los Angeles, CA, St. Louis, MO, and Charlotte, NC. Ideal candidates will have 30+ trucks in operation with annual revenues of $5MM to $40MM; independent owner operators only.

Acquisition Client #12

Friday, September 17th, 2010

Client 12: Large transportation/logistics company based in the Southwest. Company would like to acquire a dedicated freight contract carrier with 3-5 year dedicated contracts in place. Client would also consider a large logistics company or freight brokerage. Annual revenue requirements for potential acquisition are between $50MM to $200MM. Buyer is prepared to offer 4 to 4.5X EBITDA for an asset based company or 4 to 6X EBITDA for a non-asset based company. Financing is in place, buyer would like to complete transaction by year’s end.

Acquisition Client #11

Friday, September 17th, 2010

Client 11: Established Midwest based carrier; outstanding family business in operation for over 30 years would like to expand throughout the Midwest. Company seeks bulk transport carriers hauling dry product only: flour, sugar, corn, wheat germ, etc… Dry product must be hauled in pneumatic tank carriers as to match their current business model. Annual revenue requirements are between $5MM to $20MM.

Client Assignment #10

Friday, September 17th, 2010

Client 10: Has engaged Ahern’s services to redesign their entire freight distribution system. Current revenues of the client are between $1 billion – $2 billion annually.

UPDATE: Assignment 90% complete, client making final decision on freight partner.

Acquistion Client #9

Thursday, August 12th, 2010

Client 9: Looking to acquire freight brokers with $5MM – $50MM of annual revenue. Management must be willing to stay; buyer is a $200MM+ freight broker.

If you are a potential fit for this need or know of a potential match, please contact Andy Ahern directly at 602-242-1030 or email ahern@ahern-ltd.com for more information.

Acquisition Client #8

Thursday, August 12th, 2010

Client 8: Would like to acquire a $100MM+ air freight forwarder with EBITDA of $5MM – $20MM. Buyer is a private equity firm.

If you are a potential fit for this need or know of a potential match, please contact Andy Ahern directly at 602-242-1030 or email ahern@ahern-ltd.com for more information.

Acquisition Client #7

Thursday, August 12th, 2010

Client 7: Looking to acquire large freight brokers $100MM+ with strong EBITDA. Also looking for a non asset based dedicated carrier with revenues over $20MM+. Buyer is a $1 billion+ company.

If you are a potential fit for this need or know of a potential match, please contact Andy Ahern directly at 602-242-1030 or email ahern@ahern-ltd.com for more information.

Acquisition Client #6

Thursday, August 12th, 2010

Client 6: Seeking to acquire a profitable refrigerated carrier with $50MM – $200MM of annual revenue. Management must be strong with key management willing to stay. Buyer is a large trucking company looking to expand into the refrigeration market.

If you are a potential fit for this need or know of a potential match, please contact Andy Ahern directly at 602-242-1030 or email ahern@ahern-ltd.com for more information.

Acquisition Client #5

Thursday, August 12th, 2010

Client 5: Looking to acquire a specialized heavy haul trucking company in 11 Western states. Company must be profitable and considerate at least $20MM of revenue. Buyer is a private equity firm that owns a trucking company.

If you are a potential fit for this need or know of a potential match, please contact Andy Ahern directly at 602-242-1030 or email ahern@ahern-ltd.com for more information.

Acquisition Client #4

Thursday, August 12th, 2010

Client 4: Would like to acquire dedicated contract carriers with 3 – 5 year contracts. Buyer is a large trucking company that is 100% dedicated carriers.

If you are a potential fit for this need or know of a potential match, please contact Andy Ahern directly at 602-242-1030 or email ahern@ahern-ltd.com for more information.

Acquisition Client #3

Thursday, August 12th, 2010

Client 3: Buyer looking to acquire a small flatbed carrier $5MM – $10MM; owner must be willing to stay with the business.

If you are a potential fit for this need or know of a potential match, please contact Andy Ahern directly at 602-242-1030 or email ahern@ahern-ltd.com for more information.

Acquisition Client #2

Thursday, August 12th, 2010

Client 2: Looking to acquire distressed companies. Buyer will pay an earn out based on growth and cost reductions. Buyer will bring capital to the deal.

If you are a potential fit for this need or know of a potential match, please contact Andy Ahern directly at 602-242-1030 or email ahern@ahern-ltd.com for more information.

Acquisition Client #1

Thursday, August 12th, 2010

Client 1: Looking for captive agents to grow with established $60MM company. Client will provide working capital, insurance, billing, collections, client approval, etc. Agent split 70%/Parent company 30% -commissions paid weekly.

If you are a potential fit for this need or know of a potential match, please contact Andy Ahern directly at 602-242-1030 or email ahern@ahern-ltd.com for more information.