On the tail of a relatively flat mergers and acquisitions market, and amid economic uncertainty from recent policy announcements, including tariffs and trade negotiations, many fleet owners find themselves thinking about both their personal futures and their professional legacies.
Despite recent challenges, such as inflation and rising labor costs, high fuel rates, and higher interest rates, market experts are predicting a turnaround in M&A activity. Between a buildup in available capital from private equity and the pressure to scale to remain competitive, the fleet industry is likely to see a continued trend in consolidations.
This means that fleet owners and operators, as well as those who provide essential services to the industry, could receive unexpected offers that will be hard to pass up. Whether you’re hoping to transition your business soon or years from now, proper planning today will increase your economic opportunities whenever that change occurs.
There are three steps every fleet industry business owner should take to be prepared for a smooth business transition and to ensure your personal finances benefit from a sale.
