Freymiller was just bought by a private equity firm, so that would definitely not be the way to go. Most of these firms bleed the company for whatever they can get out of them, then liquidate the rest in a couple years.
Manual Transmission Companies
Discussion in 'Motor Carrier Questions - The Inside Scoop' started by Bozwik, Jun 20, 2022.
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According to Freymiller, they were not bought out. They claim that they partnered with a private equity firm and Don Freymiller still owns the majority of shares.
Speed_Drums and Another Canadian driver Thank this. -
Did someone have a recruiter tell him that Freymiller is all manual trucks?Speed_Drums Thanks this. -
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" Angeles Equity Partners Acquires Majority Stake in Freymiller" -
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because it WILL get closed down with little or zero notice to the drivers .
It’s happened to every company that’s been bought by private equity .
if someone knows of a trucking company
that’s been gobble up by private equity that didn’t get closed down , post it up and correct me .
the company assets, trucks and real estate are worth a lot more sold individually than the company is worth as a whole functioning business .
Just like a car is worth more as parts than as a running driving car .Last edited: Jul 13, 2022
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I vowed to never drive another automatic again, it was a Freightliner with a Mercedes engine in it, talk about a pile of junk (Screaming)Speed_Drums Thanks this. -
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