Acquiring a Transport or Logistics Business
Our process to assist you to BUY
the right business to meet your growth objectives
Initial conversation
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Gaining insight into your business, growth plans, and ideal acquisition criteria.
Introducing Freight Connect, who we are, what we do, and how we can help you identify the right acquisition target to achieve your objectives.
Marketing Materials
Designing a teaser document to briefly introduced your business as well as your ideal acquisition criteria. Discreetly approaching potential targets on a no-names basis ensuring confidentiality is maintained until a Non-Disclosure Agreement is put in place.
Your teaser will be features in our Opportunities Brochure which you can view or download HERE.
Meeting Stage
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Identifying and shortlisting potential target companies that align with your strategic goals, industry focus, financial criteria, and operational needs while assessing their financial health, market position, synergies, and potential risks.
Organising introductory meetings where you can engage directly with potential sellers, explore strategic compatibility, and gauge cultural fit.
Offer Stage and Heads of Terms
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Negotiating the offer on your behalf with your selected target, structuring the deal to align with your objectives.
The offer is detailed in a Letter of Intent (LOI) or Heads of Terms, a legally non-binding document that outlines key terms, including price, payment structure, and conditions. Upon agreement, an exclusivity period is established with the potential seller to facilitate due diligence and finalise the transaction.
Due Diligence
During this stage, your team will review your target financial, legal, operational, and commercial aspects to assess risks, validate information, and ensure informed decision-making before finalising the deal.
Freight Connect will assist in streamlining the process.
Sales and Purchase Agreement (SPA)
Outlining key details such as the purchase price, payment structure, representations and warranties, indemnities, and any conditions precedent to closing, the Sales and Purchase Agreement (SPA) is a legally binding contract that finalises the terms and conditions of the transaction.
The SPA ensures that both the buyer and seller are legally committed to the transaction, providing protections and obligations for both parties.
Completion
On completion day, final contracts are signed, payments are made, ownership transfers, and necessary filings or regulatory approvals are completed, officially closing the transaction.
As part of the agreement, a transition strategy will have been put in place to ensure a smooth handover of the business from the seller to the buyer.
"Communication and feedback along every step of the process was second to none, with Richard just as committed to selling the business to the right buyer, for the right price as I was. This was extremely refreshing, to work with a company that wanted what I wanted."
Danny Monk, former Owner and Managing Director of DTM Logistics