Mergers and Acquisitions activity in transportation and logistics companies reportedly reached $900 billion last year and based on the most recent action, M & A activity hasn’t slowed:
Uber, the online transportation company with the ride-sharing app that disrupted the taxi industry, has acquired Otto – the technology startup on a mission to rethink transportation, starting with self-driving trucks.
Verizon acquired Fleetmatics for $2.4 billion in cash according to news reports. Fleetmatics uses software apps to provides services to track trucks and improve safety, performance, scheduling and dispatching.
Fortune Magazine reports that the purchase comes one month after Verizon bought startup Telogis, which also offers fleet-tracking cloud software and has partnerships with truck makers like General Motors, Mack, and Hino.
Minnesota based Kottke Trucking purchased Walbon & Company, Inc.’s over-the-road operations, including Walbon’s routes, trucks, trailers and Wildwood, Florida based terminal. Kottke Trucking is a third-generation interstate hauler that focuses on refrigerated and dry van transportation.
Trucking and warehousing provider NFI acquired Connecticut based United Express in a purchase the company says will expand NFI’s own brokerage services in the Mid-Atlantic and Southeast Regions.
Whether or not you agree that M&A will help the trucking industry recover faster, smart business operators recognize that if they would like be perceived as a smart takeover prospect and sell their businesses for good value, then they need to have a competitive edge in the current M&A environment.
And, they need to show value that might be overlooked in order to win favorable terms and exit a deal with a valuable sale.
One way to achieve this is through raising capital. That’s where Benjamin Buchanan & Associates can help make the difference for you. Securing the best terms for the best cash flow deals available. And, by reducing your financing costs through factoring, you can increase profitability and make your company more attractive and marketable.
Increase the value of your risk profile and strengthen your cash flow position. Give us a call to find out how at (561)883-7950 or email us at info@BBAFactoring.com