Freymiller has been sold to a private equity firm
Discussion in 'Truckers News' started by drvrtech77, Jun 24, 2022.
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And so it begins, two large companies acquired in the same day. Many more to come in the coming months.
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Lol I bet within a year, they get closed like Falcon a couple of years ago...lol
JoeyJunk Thanks this. -
JoeyJunk Thanks this.
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Most of the time, when some investment group buys a company, it closes within a year or two. The usual M.O. is that they pile a ton of debt from other companies in their portfolio onto the trucking company, file for bankruptcy and close up shop, washing a bunch of debt off their hands in the process.
bzinger, Northern Nomad, O.Henry and 3 others Thank this. -
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B-b-b-but it's like a family.
bzinger Thanks this. -
bzinger, jason6541, nredfor88 and 1 other person Thank this.
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The other scenario is that they squeeze the company until it’s held together by a shoe string making it look better on paper and then dump it for a profit.
But the second scenario is more typical in other industries. And given where the economy is going, your scenario is vastly more likely.
If I worked there, I’d be looking for an exit.bzinger, drvrtech77 and gentleroger Thank this. -
bzinger and gentleroger Thank this.
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