Growing Transportation Business In Mississippi

Description

Transportation company for sale with operating history dating to 1997. The business specializes in hauling construction aggregates along with oil and gas-related products and operates from a company-owned terminal.

Financial profile

• 2020 revenue: approximately $4.1 million
• Current reported revenue: approximately $5.3 million
• Revenue growth since 2020: approximately $1.2 million

Buyers should review annual and monthly financial statements to confirm the timing of this growth, current margins and revenue concentration by customer and hauling category.

Business profile

• Operating since 1997
• Construction aggregate hauling
• Oil and gas product transportation
• Company-owned terminal
• Heavy vehicle maintenance capability

Real estate and facility

The company operates from approximately 3.75 acres of owned property.

The site includes a newly constructed heavy vehicle maintenance facility of approximately 9,300 sq. ft., allowing the business to perform or coordinate maintenance from its own terminal.

Operations

The company serves more than one end market, with hauling activity tied to construction materials as well as oil and gas-related products.

A buyer should review fleet utilization, route mix, customer concentration and the amount of work performed under recurring contracts versus spot or project-based hauling.

Growth

• Add trucks and drivers where demand supports expansion
• Increase aggregate hauling volume
• Develop additional oil and gas accounts
• Expand fleet maintenance capabilities
• Improve utilization of the owned terminal

Due diligence

Buyers should verify historical financials, customer concentration, fleet size and ownership, vehicle age and condition, driver compensation, maintenance costs, fuel expense, insurance, contracts, accounts receivable and current backlog before closing.

Transportation diligence should also include DOT and FMCSA compliance, operating authority, driver qualification files, safety history, hazardous-material requirements where applicable, vehicle inspections and environmental matters associated with the terminal and maintenance facility.