Looking for an exit strategy? Start planning early

"MISSISSAUGA, Ont. -- Business owners shouldn’t wait until they have to sell their business to begin the planning process, otherwise they’ll “lose control of the process.”

Mike McCarron, M&A consultant with Wheels Group imparted that advice and more during a discussion on mergers and acquisitions in transportation at today’s Surface Transportation Summit. He was joined on the panel by Doug Nix, vice-chairman, Corporate Finance Associates. Both speakers brought a unique perspective to the discussion; Nix has brokered many major acquisitions throughout his career and McCarron last year sold his own company, MSM Transportation, to Wheels Group.

McCarron said the trucking and 3PL markets are ripe for an escalation in M&A activity.

“I think trucking companies realize that without scale and technology, it’s going to be impossible to survive,” he said, citing that as one reason he and his partner opted to sell MSM when they did."

Read more at:

Looking for an exit strategy? Start planning early:

For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.