- April 22, 2020
- Posted by: Waldon
- Categories:
| Company Name | Barros Logistics & Noerr Trucking |
|---|---|
| Contact Name | Scott Noerr |
| Contact Email | Email hidden; Javascript is required. |
| Contact Phone | (717) 437-0473 |
| Opportunity Name | MAG LLC |
| Location of Business | Atlanta GA |
| When was the business started? | 2009 |
| What is the business most known for? | Trucking |
| Who is/are owner/owners? | George and Patricia Hayes |
| Why sell the business? | Support his goals of furthering the kingdom of God. |
| Are you looking to recapitalize the business by selling a majority stake to aggressively take the business to next level? | No |
| Who will remain on the ownership level? | Danielle Barros |
| Is the owner(s) planning to stay around? If so, what is their thinking? | Exit and earn outs to grow the company and keep working. |
| What is the maturity level of the business? | Post Revenue and Profitable |
| EBITDA or Profit for same period | $10M |
| Trailing 12 Month Revenue | $50M |
| Trailing 12 Month EBITA | $5M |
| Any significant debt on the business? | None |
| Why did the business start? | Veteran who had his own truck and started a niche operation. |
| Why did the business start? | Veteran who had his own truck and started a niche operation. |
| How did business get to where it is at? | Ownership grew in proper operational and expansion markets with excellent management. |
| Aggregations or Organic growth? | Organic |
| Any tailwinds or headwinds facing business/sector? | High interest rates currently. Excellent balance sheet (and just got better) |
| Sector insights from owner and what the opportunity going forward with new owner might look like? | Trucking market is bad, expected a decrease in 2023, but it will increase late 2023 into 2024. Plan is to increase by 40-50 trucks with good market conditions. |
| What is the unique story of business -- how is it different then their competition –what makes them better/worse? | No forced dispatch, in fact, self dispatch. They also lease trucks and trailers to new drivers to help get their start. Flat fee of the revenue. |
| Provide any additional notes, information or data that supports this opportunity | Package deal already submitted. LOI in place, expect signatures this week. 90 days exclusivity. $14M would be the perfect number for down-payment and operational cash flow. |
| Resumes | Noerr-Scott-Resume.pdf |
| Date Created | May 29, 2023 |
| Date Updated | May 29, 2023 |