Why you may need to sell out to grow up!

Sept. 22, 2014
There are six really good reasons why...

Many times, savvy fleet owners know they could reach the next level of success-- if they just had the financial resources. This is when it may make perfect sense to sell part of the company.

There are six really good reasons why you may need to sell out to grow up!

  1. When your company needs more cash to purchase equipment needed to win larger contracts or serve a growing market.
  2. When you need a larger team to take your services or products into another region or even nationwide. 
  3. When you need to reach new markets, but lack the sales and marketing ability to expand into new markets. 
  4. When your company lacks the support staff needed to reach the next level.  A new owner/partner may provide: legal, finance, accounting, marketing, HR, training and other support functions that you simply do not have. 
  5. When you need to diversify your product line or services to reach the next level.  A new partner/owner may offer the perfect lineup that meets additional needs of your existing clients. You simply combine two successful companies into one powerhouse.
  6. When you realize you are ready for the next opportunity in your life.  Many entrepreneurs are great at the startup and development of companies. However, they simply do not enjoy the day-to-day management of an established company.  If you are this type, selling out is definitely the best way to grow up. It enables you to monetize your success and have solid, personal funding for your next venture.

How do you plan to take your company to the next level? Could a partial sale or a new investor do the trick?

About the Author

John Sloan | Vice Chairman

John Sloan is the Vice Chairman of Allegiance Capital, a middle-market investment bank that works with business owners to help them sell or raise capital. 

John has more than three decades of C-level experience in investment banking and private equity.  He has personally executed transactions with fleet owners and understands the unique needs of the trucking industry. 

During his career, John has raised more than $1 billion in debt and equity.  He is an expert in all aspects of investment banking and has evaluated and negotiated the acquisition of more than 30 companies in: energy, construction, retail, telecom, environmental, logistics and manufacturing, with an aggregate value in excess of $7 billion.

Sponsored Recommendations

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...

80% Fewer Towable Accidents - 10 Key Strategies

After installing grille guards on all of their Class 8 trucks, a major Midwest fleet reported they had reduced their number of towable accidents by 80% post installation – including...

Proactive Fleet Safety: A Guide to Improved Efficiency and Profitability

Each year, carriers lose around 32.6 billion vehicle hours as a result of weather-related congestion. Discover how to shift from reactive to proactive, improve efficiency, and...

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry at our April 16th webinar, where experts will share insights on competitive pay...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!