Selling For a Truckload

selling a business for a truckload

Selling For a Truckload

“Josh Davis and his partner founded Speedee Transport, a company that specializes in shipping products that need to be refrigerated,” shares Sam Thompson a Minneapolis business broker and the president of M&A firm Transitions In Business. “Josh shares in this episode ways to maximize your earn-out, getting employees to think like owners and switching to an asset light model.”

In 2015, Josh Davis along with his friend Darryl Ee decided to start Speedee Transport, a trucking company specializing in shipping products that need to be refrigerated.

Within three years of starting the business, they had grown from two to over forty-five employees, when an acquirer approached them. This kicked off an emotionally draining—and financially rewarding—journey to sell Speedee Transport.

In this episode, you’ll discover how to:

  • Switch to an asset-light business model.
  • Get your employees to think like owners to attract new talent by gamifying your business.
  • Maximize your earn-out.
  • Psychologically prepare to step away from your company.

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