Business Description

This long-standing freight company offers drayage services from the Los Angeles and Long Beach ports to warehouses in Southern California. With over 37 years of experience, they serve a diverse clientele of 130+ customers across various industries. The company follows a hybrid brokerage model by providing lease-to-own trucks to carriers and contractors, working with 105 drivers and 43 leased trucks. Operating with a team of 26 full-time and one part-time employee, the company manages multiple storage locations. Despite fluctuations in revenue over the years, their 2023 earnings reached approximately $23.9 million. The adjusted EBITDA for 2023 was around $2.8 million, reflecting a profitable business model. Seller Discretionary Earnings for the same year stood at roughly $3.0 million, indicating consistent returns on investment. In summary, this established freight company excels in providing drayage services in the Southern California region. Their strong financial performance, steady client base, and unique brokerage