Description:

The company offers business-to-business (B2B) courier and delivery services. It’s flexible operations, service a variety of customer delivery needs, including dedicated routes, pharmaceuticals, auto & truck parts, office supplies, set-up & assembly, on-demand shipments, and more. The company has provided home delivery services in the past and maintains its capabilities to reinstate home delivery services.

Key Aspects:

Revenue and adjusted EBITDA grew at compound annual growth rates of 11.8% and 28.6%, respectively, from 2019 through 2022
The company was awarded additional routes with an existing client in August 2023, which is expected to increase revenue by more than $1 million annually, according to management
As of August 2023, the company is invoicing more than $65K per week, according to management
High level of repeat business (90%)
Blue chip clients provide consistent sources of revenue, including two major contracts that can be scaled statewide and nationwide

Opportunities:

Reinstate home delivery services
Utilize available capacity in on-demand delivery areas
Increase market share through geographic expansion
Offer warehousing services
Develop a freight brokerage division
Expand temperature-controlled pharmaceutical delivery services

Headquartered:

Southeast, US

Current Markets:

The company primarily serves businesses located in two states in the Southeast, US.

Real Estate:

The company operates remotely using telework applications.

Shareholder Ownership:

The company is owned by two shareholders – 95% and 5%. The majority owner, and CEO, is willing to remain with the company for a predetermined period following a sale to ensure a smooth transition to new ownership. The minority owner is not involved in the company’s operations.

Benchmark International

Benchmarks Exclusive Opportunities

Fully Remote Courier and Delivery Service – BN000033548

Fully Remote Courier and Delivery Service – BN000033548

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