DO YOU KNOW THE VALUE OF YOUR TRANSPORTATION COMPANY?
T
he transportation industry thrived in 2018. While signs point to some correction in 2019, the state of the market is currently strong, bank capital is
readily available, and private equity firms are eager to get into the industry. These factors and more make this an appealing time for some owners to consider selling. Others are looking closely at growth opportunities,
such as investment in new technology and equipment.
Too often, transportation owners are making critical business decisions without the benefit of a key data point - the value of the company.
The value of the company is crucial information for making decisions throughout the business lifecycle, not just when it is time to sell. How much insurance coverage is necessary to fully protect the owners from an unforeseen event? How should owners plan for growth and profitability? These issues are relevant right from the start, and the answers depend largely on the company’s current value.
As the business grows and matures, owners often focus on creating an action plan to improve profitability and increase the company’s value. Though retirement may still be many years away, getting an idea of the value of the company now leaves a suitable window of time to form and execute a plan to optimize that value, minimize the tax impact, and ensure a smooth succession.
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CARRIERS & BROKERS
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