closings

Three deals in close. Despite the outward perception that transactions are difficult in this uncertain economy closely held business continue to change hands. It takes a while depending on the company, valuation, market, profitability etc and the time to close can take anywhere from 5 months (very short) to a year. We are now in the process of taking two signed LOI’s to close and attempting to finalize a third LOI, from that point the process is from 45 days (very short) to 90 days to close. If an owner is the least bit concerned about the potential reelection of

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Keep many “balls in the air”

As we develop the trucking and logistics marketplace the total market of buyers and sellers begins to shrink. In our case we attempt to contact close to 300 trucking/logistics company a week to determine “who is buying” and “who is selling” or “is there a need for capital to buy…”. The market remains active as it appears that those who held off selling in the recent down years are now ready to make a move. The possible expiration of the 15% Capital Gains rate is an incentive as well. While there are many sellers, the typical type of deal in

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