The Logistics of Logistics Transportation M&A with Spencer Tenney
Spencer Tenney and Joe Lynch discuss transportation M&A. Spencer is President & CEO of Tenney Group, trusted M&A advisors to transportation industry.
About Spencer TenneySpencer Tenney serves as President & CEO of Tenney Group, where he oversees the firm’s day-to-day effectiveness and long-term vision. Spencer is a graduate of the University of Texas at Austin and holds the designation of Certified Merger & Acquisition Advisor through AM&AA. Prior to Tenney Group, Spencer worked as a Director at Merritt Hawkins, a healthcare recruiting firm in Dallas. He also owned a music publishing company. Spencer and his wife, Lauren, reside outside of Nashville in Franklin, Tennessee and have been married for 13 years. He has three amazing kids – 9,6, & 3. He enjoys writing country music, reading presidential biographies, and F3 (Fitness, Fellowship, Faith). He currently serves on the board of Franktown Open Hearts, a faith-based organization dedicated to equipping inner-city kids to free themselves from generational poverty.
About Tenney GroupTenney Group are mergers and acquisitions advisors who work with business owners in the 3PL, trucking, and bus industry. These business owners are hardworking individuals or teams who have created and lead companies that are the backbone of America. Unfortunately, pitfalls unique to the transportation industry can threaten an owner’s ability to sell their business for what they deserve or even threaten their ability to sell at all. Luckily, Tenney Group has developed an industry specialized process that enables business owners to navigate these pitfalls and maximize their ability to get a deal done. Ultimately, this allows owners to impact their family, employees, and community in profound ways while also giving them peace of mind that they made the best decision. The Tenney Group’s unique expertise helps transportation business owners build and protect business value, grow through acquisitions, and optimize the sale of their businesses. The Tenney Group was established in 1973 and has completed over 200 transportation deals.
Key Takeaways: Transportation M&A- The Tenney Group are trusted mergers and acquisitions advisors to the transportation advisors for the following reasons:
- Specialized Expertise: The Tenney Group isn't your average M&A advisor. They focus solely on the transportation and logistics industry, boasting over 45 years of experience navigating its unique complexities. Think trucking, warehousing, logistics providers, and more – they've seen it all.
- Proven Track Record: With a 98% success rate in closing deals, The Tenney Group has a well-deserved reputation for excellence. They've helped countless transportation businesses achieve their M&A goals, whether it's selling, buying, or restructuring.
- Relationship-Driven Approach: Forget cold calls and impersonal transactions. The Tenney Group builds strong relationships with both buyers and sellers, ensuring a smooth and collaborative M&A process. They understand the emotional side of business transitions and prioritize trust and open communication.
- Confidentiality is Key: Selling or buying a transportation business is a sensitive matter. The Tenney Group takes confidentiality seriously, employing strict protocols and a network of trusted partners to protect your information throughout the M&A process.
- Maximizing Value: The Tenney Group doesn't just get you a deal; they get you the best deal possible. They leverage their deep industry knowledge and extensive network to attract qualified buyers and negotiate favorable terms, ensuring you get the maximum value for your transportation business.
- Streamlined Process: M&A can be complex and time-consuming. The Tenney Group has a proven, step-by-step process designed to streamline the process, minimize disruptions to your business, and keep you informed every step of the way.
- Giving Back: The Tenney Group believes in making a positive impact beyond the boardroom. They're committed to philanthropy and actively support various charitable causes, especially those related to the transportation industry.
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