This specialty truck operator serves the mid-Atlantic and northeast regions. Their large fleet of trucks, most no older than the 2020 model, haul quarry materials, soil, and contaminated soil for the construction, environmental, and material processing market sectors.
Their outstanding reputation for customer service and expert dispatching have yielded steady, profitable growth since their founding including a 25% revenue increase
between 2020 and 2023.
The company’s many repeat customers are among the largest contractors and material suppliers in the region. The owners are engaged in the daily operation of the business and are preparing for retirement. They will remain in the business for a mutually agreeable duration.
Summary Investment Considerations:
* A large fleet of trucks provides a ‘one-stop-shop’ for customers who need multiple trucks daily, weekly, or for months-long projects.
* A newer fleet of trucks minimizes downtime and repair costs and improves driver morale and retention.
* Expert dispatching maintains high utilization of the fleet and keeps trucks running loaded and earning revenue.
* Operates specialized trailers for hauling oversize boulders to federal coastal protection projects.
* Possesses numerous specialty permits/licenses to haul various materials in the heavily regulated region.
* This region has billions of dollars of private and public construction work underway or in planning stages.
* Top customers are among the largest contractors/material suppliers in the region.
* Most customers are acquired through word-of-mouth and referrals. A formal marketing/sales program would yield growth opportunities.
