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04-08-2022, 01:42 PM #1
- Join Date
- Jan 2022
- Posts
- 14
Acquisition of an established FedEx Line Haul Contractor
I have a Client that has signed an APA agreement to acquire an established FedEx Line Haul Contractor.who has the contracts
Purchase price is $13M and is an asset purchase deal
Loan amount requested: $6 million USD.
About the Assets
Current COO, CFO, Controller and regional directors will remain on board.
The company has been a FedEx contractor for 18 years and has had a successful track record with FedEx and all contracts automatically renewed every year.
Gross Rev: $13.3 million
Annual SG&A and OPEX of $10.1
Current EBITDA of $3.2 Million
Company has 3 contracts with FedEx and operates out of 3 different hubs in three states.
Any lender out there that can do this?
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05-15-2022, 11:32 AM #2
- Join Date
- Nov 2021
- Location
- Brickell Miami FL
- Posts
- 156
It’s possible for the 6, but it’ll have to be an individual acquisition loan unless your client has an existing business with high revenue or collateral, dm me if interested
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