REPOST: Buying and Selling Transportation/Logistics Companies with Peter Stefanovich

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By Joe Lynch, Joe Lynch: Transportation, and Logistics Podcaster. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
Buying and Selling Transportation/Logistics Companies with Peter Stefanovich

Peter Stefanovich and and Joe Lynch discuss buying and selling transportation/logistics companies. Peter is a co-founder of Left Lane Associates, a Canadian mergers and acquisitions firm focused exclusively on the North American supply chain industry.

About Peter Stefanovich

Peter Stefanovich is the Managing Partner at Left Lane Associates, a mergers and acquisition firm representing buyers and sellers in the transportation, logistics, and supply chain industries in North America. Prior to co-founding Left Lane Associates, Peter worked at Radiant Global Logistics (formerly Wheels Group) as a Senior Business Development Manager. Peter’s clients included Sobeys, BestBuy, Steris, and many others. Peter earned a dual major in Business Finance and Political Science at Western University.

About Left Lane Associates

Left Lane Associates is a Canadian mergers and acquisitions advisory firm focused exclusively on the North American supply chain industry. Left Lane helps maximizes enterprise value for shareholders looking to sell their businesses. For companies looking to buy, Left Lane provides strategic thinking and thought leadership that helps their clients find the perfect cultural, geographical, and sector fit.

Key Takeaways - About Buying and Selling Transportation/Logistics Companies
  • Peter shares the insights that he has gained from working with both buyers and sellers in the logistics industry. He tells us such things as why now the best time is to sell a logistics company, things to do when preparing to sell, how long the selling process takes, and why sellers choose to use a broker.
  • Owners of transportation and logistics companies hire Left Lane to sell their business because:
    • Owners in this industry have likely never sold a company before, so they want to trust the process with someone more experienced in the process.
    • You only get one chance to sell your business - once it’s done, you can’t go back
    • Brokers specialize which lets owners focus on their business while preparing to sell.
  • Owners have many reasons for wanting to sell – personal, economy, retirement, industry, change of pace, etc.
  • Owners of transportation and logistics companies often sell because of the four dreaded Ds: divorce, death, delinquent partner, and disease.
  • To receive top dollar for their companies, owners must prepare by taking care of the following:
    • Legal issues must be resolved – internal and external
    • Get authorizations and certifications in order
    • Get rid of underutilized assets
    • Release underperforming employees
    • Lean out the organization
    • Maximize EBITDA (earnings before interest, taxes, depreciation, and amortization)
    • Develop a specialization
    • Technology (CRM, TMS, website, and social media)
    • What people perceive about your company is often based on your web presence.
    • Any dollar you save could be worth 3x-4x more when you sell
Learn More About Buying and Selling Transportation/Logistics Companies

Peter Stefanovich

monetizeyourco

Left Lane Associates

The Logistics of Logistics Podcast

89 episodes