Does anyone have experience in asset-light 3PL?

by an intermediary from The University of Chicago - Booth School of Business

2 years ago

I'm currently looking at 2 deals in this space, $3-5M in EBITDA, and am being given some pretty high valuations.  I'm wondering what others are seeing in the market right now and if anyone has an opinion on using TTM EBITDA or a blended EBITDA, considering the massive and (likely) unsustainable growth we've seen in logistics since the beginning of the pandemic.  

I would appreciate any thoughts you all may have!

1 like
142 views
6 comments

searcher from University of Southern California

Happy to talk about the industry in general as well if helpful. Worked for a number of 3pls and now work for one of the top 5 largest.

2 years ago | like reply | 0 likes

professional from The College of New Jersey - School of Business

There is a fair amount of consolidation going on in the industry right now given a combination of motivated boomer exits with high expected valuations on the sell side and private equity dry powder and sophisticated deal structures on the buy side. Demand for these companies is very high right now as well. I've seen private equity deals in the sub-$10 million ebitda range so you're probably competing with private equity capital to a certain degree. Happy to chat about what I've seen. Send me a message if you'd like to connect.

2 years ago | like reply | 1 like

More on Searchfunder

Just Closed on My First Deal! Reflections and Takeaways for other Searchers

45,152 transactions are available on Searchfunder (now searchable by keyword)

Now everyone has unlimited IBISWorld access

Family office looking for traditional searchers

Examples of self-funded searcher websites

Investor seeking Self-Funded Search Deals

What are market terms for Seller Notes?

2 Best Ways To Find Motivated Sellers, Off-Market Deals

Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.

We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.