ACT Capital Advisors is pleased to announce the acquisition of their client, Nichols Trucking, Inc by a strategic buyer. Nichols Trucking is a general commodity freight company is dedicated to shipping whatever their customers desire – whether it’s a load of candy or steel rebar. Terms of the transaction were not disclosed.
Nichols Trucking was founded in 1951 in Tacoma, Washington by John Nichols. John had pride in choosing drivers who excelled at safety and efficiency. Many Nichols Trucking drivers have been with the company for decades.
ACT’s deal team included Todd Harman, Managing Director and Joey Ravner, Associate.
Todd Harman of ACT said, “The bulk of the deal process was done during the Coronavirus outbreak. At ACT, we are signing growing M&A interest in the shipping and trucking industry. We expect to advise many deals in this space in the coming year.”
About Nichols Trucking – Nichols Trucking Company was formed 1951. Nichols primarily operates as a flatbed and truckload van carrier. With headquarters located in the heart of industrial Tacoma, Nichols is in a prime location to continually serve customers throughout Washington and Oregon.
About ACT – ACT Capital Advisors is a premier Mergers & Acquisitions (M&A) firm representing middle-market companies across all industries. ACT has a 30-year history of deal making, closing 200+ transactions and unlocking over $2 billion in wealth. The firm provides strategic M&A advice to closely held, family-owned, and private equity sponsored organizations that wish to sell all or portions of their companies. Clients choose to work with ACT because of its proven strategic auction process. This process generates simultaneous interest from multiple qualified buyers, resulting in the best possible price and deal structure. For more information see: https://actcapitaladvisors.com