Selling For a Truckload
“Josh Davis and his partner founded Speedee Transport, a company that specializes in shipping products that need to be refrigerated,” shares Sam Thompson a Minneapolis business broker and the president of M&A firm Transitions In Business. “Josh shares in this episode ways to maximize your earn-out, getting employees to think like owners and switching to an asset light model.”
In 2015, Josh Davis along with his friend Darryl Ee decided to start Speedee Transport, a trucking company specializing in shipping products that need to be refrigerated.
Within three years of starting the business, they had grown from two to over forty-five employees, when an acquirer approached them. This kicked off an emotionally draining—and financially rewarding—journey to sell Speedee Transport.
In this episode, you’ll discover how to:
- Switch to an asset-light business model.
- Get your employees to think like owners to attract new talent by gamifying your business.
- Maximize your earn-out.
- Psychologically prepare to step away from your company.