Summary
With all the news about company bankruptcies, increased government regulations, higher equipment costs and economic uncertainty, some motor-carrier owners are looking for options. If selling is the preferred option, owners then find themselves looking for the ‘perfect buyer.’ The only ‘near-perfect’ buyer that fits these criteria is an employee stock ownership plan, or ESOP as it is commonly known. While ESOPs are not a traditional method of exiting the trucking industry, they are becoming more common and should be considered.
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