Posted on April 23, 2020
4 Keys to Expediting Due Diligence
Once a Letter of Intent (LOI) is executed between buyer and seller, the parties advance to the due diligence phase with a basic deal structure outlined and the protection of confidentiality and exclusivity provisions. The due diligence phase allows the buyer to take a detailed look into the operational, financial, legal, tax, human resources, […]
Tags: Selling a Business
Category: Articles
read morePosted on April 16, 2020
3 Ways to Honor Your Employees Through Your Exit Strategy
One of the great privileges of doing M&A advisory exclusively in the transportation industry is the people. So many of our clients are business owners who are good business people with big hearts. They expect every penny they deserve from the sale of their trucking or logistics company. They also want to make sure they […]
Tags: Selling a Business
Category: Articles
read morePosted on April 09, 2020
One Thing the CARES Act Won’t Do For Your Trucking Business – An Interview with Patrick Eakins from ENGS Capital
Many of our trucking and logistics clients and industry friends are trying to navigate through this confusing time. To help bring financial thought leadership to the conversation, we sought out advice from Patrick Eakins of ENGS Capital. Below a condensed summary of our recent conversation. Tenney Group: Much of our industry’s focus is currently […]
Tags: Valuation
Category: Articles
read morePosted on April 09, 2020
Covid-19 Offers Business Partners an Opportunity to Realign Goals – Protect Wealth & Employees
Prior to owning Tenney Group outright, my dad and I were business partners for eight years. We had always enjoyed a very healthy working relationship. As time went on, I began to see a very clear vision for where I wanted to take our business in the future. I desired to expand significantly in order […]
Tags: Succession Planning
Category: Articles
read morePosted on April 03, 2020
3 Takeaways from TCA Webinar: Trucking M&A in Uncertain Times
Tenney Group had the opportunity to share some timely insights about what is happening in trucking M&A in this “new” environment. We were quick to acknowledge that every specialty within trucking is being affected by the coronavirus in different ways and that no one fully understands everything that is happening. In addition to sharing 2019/2020 […]
Tags: Valuation
Category: Articles
read morePosted on March 19, 2020
3 Opportunities to Improve Your Bottom Line Right Now – Guest Columnist Ryan Schreiber, CarrierDirect
This week’s featured guest columnist is Ryan Schreiber. Ryan has lived his career at the intersection of transportation and technology. As CarrierDirect’s Director of Engagement, Ryan works with clients on challenging the status quo while respecting the challenges both businesses and individuals face through change. Before joining CarrierDirect, Ryan has started multiple businesses in the […]
Tags: Valuation
Category: Articles
read morePosted on March 16, 2020
Protecting Personal Health Protects the Sale Process
So often in an acquisition environment, owners are solely focused on preserving the health of their business that they often neglect their own health. While this certainly an unintended consequence, it can be both a short-term and long-term detriment to a number of parties. It’s no secret that the acquisition process is a taxing one, […]
Tags: Selling a Business
Category: Articles
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