How to be a Buyer that is Always the Sellers #1 Choice

Let’s say a seller has 2 offers on the table – Offer #1 $100M, Offer #2 $99M, all else being equal, a seller is going to choose the $100M offer every time. The reality is that all else is almost never “always equal.” The highest dollar offer may not capture a variety of factors, some […]
3 Misconceptions about Trucking Business Value and Deal Structures in 2020

Covid-19 has affected almost every part of our American life over the past six months. Business value and the deals that are getting done have changed, but not in the ways that you might think. In order to protect your strategic options, avoid making false assumptions around what is happening in the trucking M&A world…and […]
Selling a Business During an Uncertain Election and a Global Pandemic is Crazy. Or, Is It?

Timing a transfer of business ownership is a challenge. Even when we take economic and political factors off the table, owners still have a host of other things to consider as they work to promote the interests of their families, employees, and legacy. 2020 has been full of unexpected turns and twists which make the […]
4 Tips to Make Your Exit Seamless

What does a wedding, building a house and exiting a business all have in common? Yes, they’re all monumental moments in someone’s life, but the truth (and real answer) is that all three require extensive preparation and planning for them to end up as ideal as they can be. While I’m sure some of the […]
2 Mistakes You Can Easily Avoid When You Have An Interested Buyer

America runs on the backs of the hardworking, transportation and logistics companies. After years of running a business that you have built from the ground up, there can be a moment when you begin to prepare for the next phase of life. Running a business within the transportation industry is a high call and demands […]
4 Trucking Deals Closing in Next 45 Days. Why?

Over the past 4 months, almost every trucking company has been affected in some way by the many challenges our nation is facing. Deal activity is extremely high, but maybe not for the reason you might think. Here are three reasons. Crisis has demonstrated the need to diversify. Many buyers have expanded their growth via […]
Building Business Value Through Leadership, Culture, & Independence – TCA Event Recap

July 10th, Tenney Group Delivered Part 2 of a three-part deep dive into “Building Business Value in a Tough Economy.” In this highly interactive workshop, Tenney Group made the case that big money is made at the closing table by investing in leadership, culture, and owner independence. Here are three takeaways. Top performing company cultures […]
How to Protect Your Employees Without Shrinking Your Pool of Buyers or Discounting Value

“I don’t want to include that buyer in the sale process because they will get rid of all my people after the sell.” Protecting your employees is a good desire. After all, they are the ones doing great things in your business every day and who have made it what it is today. But is […]
3 Takeaways from Part 1 of “How and Where to Build Business Value in a Tough Economy” – Financial Reporting

This past Friday, Tenney delivered Part One of a three part “Deep Dive” webinar series presented by Truckload Carriers Association. Each part in this timely educational series equips business owners to build business value in areas they can completely control. The focus of part one was building value in the area of financial and operational […]
Valuing a Transportation Business
Business value in the transportation industry is widely misunderstood by business owners, accountants, general business brokers, consultants, and lenders. At an industry event, I asked 6 business owners how they thought transportation businesses were valued and I received 6 different answers. The suggested formulas included: • The average of the last 5 years’ annual sales […]