• closings

    July 19, 2012

    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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  • What are we working on?

    May 11, 2012

    You can tell a lot about an investment banking group by asking about there current deals (without the names) Closing a $30 million dollar sale of a Food Grade Hauler, Midwest Based. Getting close on a smaller sale of another Food Grade Hauler in the Midwest. Doing a debt placement for a Recycled Metal company in the Southwest. Woking on the sale of a $30 million Hauler of commodity products in the Rocky Mountain States. In discussions with a Dry Van hauler, Texas and Referated Hauler and a Oversized Load trucking company in the Midwest. In discussion with a rapidly

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  • FINRA Representation in the Transport and Logistics Industry

    April 18, 2012

    It appears that much of this industry has long been victim to non-licensed business brokers completing Asset Sales and Stock Sale transactions. Many of these transactions are securities transactions and required Finra Licensing. FINRA and the SEC is looking hard at non-licensed brokers working on securities transactions. One of the largest and most notable firms in the industry is run by a convicted felon. Clarke as a fully licensed Finra firm protects the buyer and seller and all Finra reps are subject to background checks. It’s 2012, be smart hire a Finra firm for representaion.

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  • Keep many “balls in the air”

    March 30, 2012

    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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  • Boutique Investment Bank vs. Business Broker

    March 5, 2012

    In the transportation and logistics market we are constantly coming up against the tranditional local Business Broker as competition. It is important to distinguish the difference between a Boutique Investment Bank and a Business Broker. Lets start with the most obvious differences: Finra Licensing allows for securtiies transactions (IE: a stock sale) and insures the seller of a clean background check for the I-Banker. Private Equity experience is typically much stronger. Research on the Transportation and Logistics space is stressed nationally. After the sale services: a. Asset Management, Trust planning, succession planning utilizing a world wide top 10 Investment Bank,

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Security transactions are conducted through Penates Group, Inc. (FINRA/SIPC)
Penates Group, Inc. has no affiliation with any Clarke entity.