Podcasts about tenney group

How does the changing market condition affect M&A in freight? Find out with our returning guest, Spencer Tenney from Tenney Group!   Here's What to Learn From This Episode: M&A Market Trends: Current market volatility affecting M&A in freight; mixed industry responses—some waiting, others pursuing acquisitions. Tariffs and uncertainty driving cautious capital allocation decisions. Buy vs. Build Decisions: Companies often prefer M&A to build capabilities like AI due to tight margins and market challenges. Increased diligence in capital allocation noted as firms manage risk, with a cultural inclination towards acquisition over development. Cash Flow & Consolidation: Small transport businesses financially fragile, most operate month-to-month. Rising bankruptcies from cash flow issues. Industry consolidation growing as small operators exit or merge for increased profitability, driven by sustainability and risk factors.   About Spencer Tenney Spencer Tenney is President and CEO of the Tenney Group, a merger acquisition advisory firm dedicated to the transportation industry since 1973. The Tenney family has been serving the transportation industry for three generations. Spencer is a graduate of the University of Texas in Austin, He is also the only Certified Merger & Acquisition Advisor (CM&AA) in North America that is dedicated exclusively to the transportation industry. Spencer and his team have closed hundreds of transportation business sales across the United States. Tenney Group clients are companies in the trucking, logistics, passenger transportation industries with annual revenues of 20M - 300M. Spencer's articles have been featured in Fleet Owner, Transport Topics, School Bus Fleet and many other industry publications. He is a sought-after speaker at national and state industry trade shows and currently serves as Chair of the American Trucking Association's M&A Task Force. Spencer and his wife Lauren reside outside of Nashville in Franklin, Tennessee. He enjoys songwriting and is actively involved in the Hope Clinic, a faith-based organization that equips women, men, and families to make healthy choices regarding unplanned pregnancies, depression, & addictions. He is also the founder of "Tuesdays with Tenney Group, a networking group designed to enrich relationships and business opportunities for Historic Downtown Franklin, TN professionals.   Connect with Spencer Website: https://www.thetenneygroup.com/ LinkedIn: https://www.linkedin.com/in/spencertenney/  

We're now on the last mashup episode of 2024 and today, we've got Spencer Tenney of episode 752 and Ben Gordon of episode 800 for more valuable perspectives on the transportation industry! These episodes emphasize the significance of cash flow management, strong management teams, investment strategies in logistics, capital raising vs bootstrapping, supply chain technology trends, and more!    About Spencer Tenney Spencer Tenney is President and CEO of the Tenney Group, a merger acquisition advisory firm dedicated to the transportation industry since 1973. The Tenney family has been serving the transportation industry for three generations. Spencer is a graduate of the University of Texas in Austin, He is also the only Certified Merger & Acquisition Advisor (CM&AA) in North America that is dedicated exclusively to the transportation industry.    About Ben Gordon Ben Gordon is the Managing Partner and CEO at Cambridge Capital. Cambridge Capital is a private equity firm investing in the applied supply chain. The firm provides private equity to finance the expansion, recapitalization or acquisition of growth companies in our sectors. Our philosophy is to invest in companies where our operating expertise and in-depth supply chain knowledge can help our portfolio companies achieve outstanding value. Make sure to connect with both Ben & Cambridge on social media!  

In this episode of The Hot Seat, we interview our newest team member, Ryan Moreland. He is a new Strategic Advisor at Tenney Group and we're ecstatic that he's joined our team. We cover: - Ryan's background and what brought him to us. - What role a Strategic Advisor plays in your business exit. - The significance of preparation before you decide to sell your business. ___ Are you looking to buy or sell a transportation business? We can help. Learn More

2024 is still a slow freight market but that is not stopping growth opportunities. Spencer Tenney from The Tenney Group explains how his advisors are watching the market for signs of change and advising their clients to take growth steps right now. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we sat down with Spencer Tenney, the President and CEO of Tenney Group, a merger acquisition advisory firm based in Franklin, Tennessee. Spencer brings us through his career as a third-generation transportation logistics specialist and shares his take on family dynamics in freight and the importance of preparation for a successful sale.Brought to You By Levity.ai. In freight, time is money, and efficiency is key. That's where Levity comes in. Imagine automating your email operations to do more with less effort. Levity connects directly to your inboxes, extracting vital information from emails and attachments in real-time. It seamlessly integrates with your TMS, empowering you to quote faster, build loads more efficiently, and book more freight in less time. Whether it's incoming emails from shippers or carriers, Levity's got you covered. It understands any language, any format, and even interprets non-standard formatting. Visit Levity.ai today to sign up and get started.Support the show

Spencer Tenney and Joe Lynch discuss transportation M&A. Spencer is President & CEO of Tenney Group, trusted M&A advisors to transportation industry. About Spencer Tenney Spencer Tenney serves as President & CEO of Tenney Group, where he oversees the firm's day-to-day effectiveness and long-term vision. Spencer is a graduate of the University of Texas at Austin and holds the designation of Certified Merger & Acquisition Advisor through AM&AA. Prior to Tenney Group, Spencer worked as a Director at Merritt Hawkins, a healthcare recruiting firm in Dallas. He also owned a music publishing company. Spencer and his wife, Lauren, reside outside of Nashville in Franklin, Tennessee and have been married for 13 years. He has three amazing kids – 9,6, & 3. He enjoys writing country music, reading presidential biographies, and F3 (Fitness, Fellowship, Faith). He currently serves on the board of Franktown Open Hearts, a faith-based organization dedicated to equipping inner-city kids to free themselves from generational poverty. About Tenney Group Tenney Group are mergers and acquisitions advisors who work with business owners in the 3PL, trucking, and bus industry. These business owners are hardworking individuals or teams who have created and lead companies that are the backbone of America. Unfortunately, pitfalls unique to the transportation industry can threaten an owner's ability to sell their business for what they deserve or even threaten their ability to sell at all. Luckily, Tenney Group has developed an industry specialized process that enables business owners to navigate these pitfalls and maximize their ability to get a deal done. Ultimately, this allows owners to impact their family, employees, and community in profound ways while also giving them peace of mind that they made the best decision. The Tenney Group's unique expertise helps transportation business owners build and protect business value, grow through acquisitions, and optimize the sale of their businesses. The Tenney Group was established in 1973 and has completed over 200 transportation deals. Key Takeaways: Transportation M&A The Tenney Group are trusted mergers and acquisitions advisors to the transportation advisors for the following reasons: Specialized Expertise: The Tenney Group isn't your average M&A advisor. They focus solely on the transportation and logistics industry, boasting over 45 years of experience navigating its unique complexities. Think trucking, warehousing, logistics providers, and more – they've seen it all. Proven Track Record: With a 98% success rate in closing deals, The Tenney Group has a well-deserved reputation for excellence. They've helped countless transportation businesses achieve their M&A goals, whether it's selling, buying, or restructuring. Relationship-Driven Approach: Forget cold calls and impersonal transactions. The Tenney Group builds strong relationships with both buyers and sellers, ensuring a smooth and collaborative M&A process. They understand the emotional side of business transitions and prioritize trust and open communication. Confidentiality is Key: Selling or buying a transportation business is a sensitive matter. The Tenney Group takes confidentiality seriously, employing strict protocols and a network of trusted partners to protect your information throughout the M&A process. Maximizing Value: The Tenney Group doesn't just get you a deal; they get you the best deal possible. They leverage their deep industry knowledge and extensive network to attract qualified buyers and negotiate favorable terms, ensuring you get the maximum value for your transportation business. Streamlined Process: M&A can be complex and time-consuming. The Tenney Group has a proven, step-by-step process designed to streamline the process, minimize disruptions to your business, and keep you informed every step of the way. Giving Back: The Tenney Group believes in making a positive impact beyond the boardroom. They're committed to philanthropy and actively support various charitable causes, especially those related to the transportation industry. Learn More About Transportation M&A Spencer Tenney | LinkedIn Tenney Group | LinkedIn Tenney Group | Homepage Spencer Tenney and the Tenney Group Story What's Driving the 3PL Industry Consolidation with Spencer Tenney The Logistics of Logistics Podcast If you enjoy the podcast, please leave a positive review, subscribe, and share it with your friends and colleagues. The Logistics of Logistics Podcast: Google, Apple, Castbox, Spotify, Stitcher, PlayerFM, Tunein, Podbean, Owltail, Libsyn, Overcast Check out The Logistics of Logistics on Youtube

Spencer Tenney is President and CEO of the Tenney Group, a merger acquisition advisory firm dedicated to the transportation industry since 1973. The Tenney family has been serving the transportation industry for three generations. Spencer is a graduate of the University of Texas in Austin, He is also the only Certified Merger & Acquisition Advisor (CM&AA) in North America that is dedicated exclusively to the transportation industry. Spencer and his team have closed hundreds of transportation business sales across the United States. Tenney Group clients are companies in the trucking, logistics, passenger transportation industries with annual revenues of 20M - 300M.    To learn more about becoming a Freight Agent: https://spi3pl.com/ To learn more about Denim: https://www.denim.com/ To learn more about ShipperGuide from Loadsmart:  shipperguide@loadsmart.com or www.ShipperGuide.com Ditch your carrier packet, Drive more carrier sales and get better load coverage with seamless digital onboarding, TMS integration, and smart load coverage, visit: https://brokercarrier.com/

In this episode recorded for the Tenney Group, Blythe Brumleve shares her journey into freight marketing, starting as an executive assistant who was handed the keys to run marketing for a $140 million logistics company. She discusses creating content that solves customer problems, being consistent, and why most companies fail at content marketing. She also gives tips on planning content and talks sports. LINKS: Tenney Group WebsiteTenney Group YouTubeFull Video: Should Trucking Companies Start a Podcast?---------------------------------------------THANK YOU TO OUR SPONSORS!Are you experienced in freight sales or already an independent freight agent? Listen to our Freight Agent Trenches interview series powered by SPI Logistics to hear directly from the company's agents on how they took the leap and found a home with SPI freight agent program. Maximize your website's performance and security with Digital Dispatch's web hosting and management. ---------------------------------------------ABOUT THE PODCAST: Everything is Logistics is a podcast for the thinkers in freight. Follow the podcast to never miss an episode. Follow EIL host Blythe Brumleve on social: LinkedIn | TikTok | YouTube

In this special edition of The Hot Seat, Meg Meurer, Chief Commercial Officer at Tenney Group, leads a discussion with two of the group's most seasoned experts, Stephen Joest, Vice President, and Davis Looney, Director of Business Development.  This trio dives deep into the intricacies of mergers and acquisitions within the transportation and logistics sector.  They discuss the typical deal that is in high demand, what an owner wants when selling, what buyers need to get a deal done, how to close valuation gaps, and what to expect in the critical first 30 days after a seller becomes a new Tenney Group client.  ___ Are you looking to buy or sell a transportation business? We can help. Learn More

What are private equity shops looking for when they look to acquire a trucking company? In this episode of The Hot Seat, Spencer Tenney is joined by Pierre Matthieu, Managing Partner at Bluejay Capital.  Bluejay Capital specializes in improving financial and operational performance of transportation businesses all across North America. Their team of experts has more than 120 years of combined experience in transportation and logistics with a proven record of value creation.  Spencer and Pierre discuss a recent deal that Tenney Group and Bluejay worked on together, what made the deal successful, why Bluejay is staying aggressive when others are pausing, and what causes them to walk away from a deal.  ___ Are you looking to buy or sell a transportation business? We can help. Learn More

You can't go two days without seeing a nuclear verdict headline in the news. How should your company communicate with the press if it finds itself entangled in one of these incidents? In this episode of The Hot Seat, Spencer Tenney, CEO of Tenney Group, sits down with Dan Ronan. Dan is a Sr. Reporter at Transport Topics and has been communicating, publicly, about the transportation industry for a long time. Dan walks us through what he recommends trucking companies do when they find themselves in a PR crisis. ___ Are you looking to buy or sell a transportation business? We can help. Learn More

Section 363 bankruptcy sales, while often misunderstood, can be a valuable tool for businesses in distress. Navigating the legal and financial complexities of such sales can be daunting. In this episode of The Hot Seat, Spencer Tenney, CEO of Tenney Group, sits down with Tenney Group VP, Ashesh Pansuria for an in-depth discussion on Section 363 Bankruptcy Sales and if its applicable to your transportation business. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-hot-seat-tenney-group/message

What does life look like after you sell your business? Bob Kellner and his partner worked with Tenney Group to sell their business, American PetroLog, a few years ago. In this interview, Spencer Tenney and Bob discuss what that sales process was like and how Bob found his identity again after selling. ___ Are you looking to buy or sell a transportation business? We can help. Learn More

#trucknhustle #podcast #dumptruck GET EARLY BIRD TICKETS FOR FREIGHT FEST 2023!!: http://FreightFest.com FOR MERCH: http://www.trucknhustle.store FOR EXCLUSIVE CONTENT & MORE VISIT: https://www.trucknhustle.com/ __________ Our host Rahmel Wattley sits down on location in Louisville, KY during MATS week with Spencer Tenney the President and CEO of The Tenney Group, a Mergers & Acquisitions company specializing in transportation & logistics, responsible for billions of dollars in deals. The Tenney Group prides itself on being able to be all-in on work worth doing. To serve the people that move America is a privilege that the team doesn't take lightly. The realization is that relationships will always outlast transactions, and each person in Tenney Group is dedicated to maximizing every relationship with industry professionals. CONNECT WITH SPENCER TENNEY Website: https://www.thetenneygroup.com/ YouTube: https://www.youtube.com/@tenneygroup Instagram: https://www.instagram.com/tenneygroup LinkedIn: https://www.linkedin.com/in/spencertenney/ SPECIAL THANKS TO OUR SPONSORS!!: OTR SOLUTIONS https://otrsolutions.com/trucknhustle/ CALL (470)900-3338 GTT COMMERCIAL TIRES https://gttfun.gttcommercial.tires/truck-n-hustle-discount CALL 1(800)991-6251 FLEETDRIVE 360 Compliance Made Easy https://www.fleetdrive360.com/truck-n-hustle-fleetdrive-360-demo/ ROLL BY ADP Payroll Made Easy https://rollbyadp.com/trucknhustle __________ MENTIONED ON TRUCK N' HUSTLE PODCAST: DAT POWER - The Industry's Most Advanced Load Board http://www.dat.com/power/0001922618 DAT TRUCKERS EDGE http://www.truckersedge.com/0001922618 DAT EXPRESS http://www.dat.com/express/0001922618 __________ THIS PODCAST WAS PRODUCED, RECORDED, SHOT & EDITED by Kweku KingNabi for Truck N' Hustle Media HERE IS WHAT WE USE: Blackmagic Design Pocket Cinema Camera 6K Pro: https://amzn.to/3BwRUYm Rode RODECaster Pro Podcast Production Studio: https://amzn.to/3Bw3cvW Electro-Voice RE320 DYNAMIC MICROPHONE: https://amzn.to/3BuhmxD Sigma 18-35mm F1.8 Art DC HSM Lens for Canon, Black: https://amzn.to/3FMqvUE Godox SL-60W CRI 95+ LED Video Light SL60W White 5600K Version: https://amzn.to/3HqXRtE __________ JOIN THE HUSTLE FAM ON SOCIAL MEDIA: Instagram: http://instagram.com/trucknhustle/ TikTok: https://www.tiktok.com/@trucknhustle Facebook: https://www.facebook.com/trucknhustle Linkedin: https://www.linkedin.com/company/tnhmedia/ Discord: https://discord.gg/g8kzDNu7 Twitter: https://twitter.com/TruckNHustle Patreon: https://www.patreon.com/Trucknhustle Listen to the TRUCK N' HUSTLE PODCAST: iTunes: https://podcasts.apple.com/us/podcast/truck-n-hustle-1-trucking-podcast Spotify: https://open.spotify.com/show/55GP6pfA0RlmtEgNH70d5K _________ NOTE: This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. While this channel may earn minimal sums when the viewer uses the links, the viewer is in NO WAY obligated to use these links. Thank you for your support!

In this engaging episode, we sit down with Spencer Tenney, President and CEO of the Tenney Group—a respected merger acquisition advisory firm dedicated to the transportation industry for over 50 years. Join us as Spencer shares his wealth of knowledge on selling trucking companies. With a rich family legacy spanning three generations in the transportation sector, Spencer brings a unique perspective and expertise to the table. Discover how his visionary leadership guides the Tenney Group. Aside from his professional accomplishments, Spencer's personal interests include writing country music, immersing himself in presidential biographies, and actively engaging in the F3 community. Moreover, he serves on the board of Franktown Open Hearts, a faith-based organization empowering inner-city children to overcome generational poverty. Don't miss this insightful episode, where Spencer Tenney provides invaluable insights into selling trucking companies within the transportation industry. Gain practical guidance and be inspired by his leadership principles and dedication to personal and community growth. Contact Information: Email: stenney@thetenneygroup.com Phone: 877.642.8033 ext. 1004 Direct: 615.224.8284 LinkedIn: /www.linkedin.com/company/the-tenney-group/ Website: TheTenneyGroup.com Please be sure to visit the website and LinkedIn profile for the most up-to-date information on Spencer Tenney and the Tenney Group. ************ About the Show The How to Sell a Business Podcast combines nearly 31 years of valuation and exit planning expertise working with business owners. Ed Mysogland has a mission and vision to help business owners understand the value of their business and make it a salable asset. Most of the small business owner's net worth is locked in the company, and to unlock it, a business owner has to sell it. Unfortunately, the odds are against business owners that they won't be able to sell their companies because they don't know what creates a saleable asset. Ed interviews experts who help business owners prepare, build, preserve, and one-day transfer value with the sale of the business.   ************ For past guests, please visit https://www.howtosellabusinesspocast.com/ Follow Ed: Connect on LinkedIn: https://www.linkedin.com/in/edmysogland/ Twitter: twitter.com/edmyso Instagram: instagram.com/howtosellabusinesspodcast Facebook: facebook.com/howtosellabusinesspodcast  

Spencer Tenney, the President and CEO of the Tenney Group drops by the show to discuss how M&A is pure sales in action. We talk about the deals so far in 2023, and what we can expect for the second half of the year.Follow the Put That Coffee Down PodcastOther FreightWaves Shows

Spencer Tenney, the President and CEO of the Tenney Group drops by the show to discuss how M&A is pure sales in action. We talk about the deals so far in 2023, and what we can expect for the second half of the year. Follow the Put That Coffee Down Podcast Other FreightWaves Shows

The world of mergers and acquisitions (M&A) can be incredibly complex, especially for smaller carriers. Spencer Tenney, President and CEO of the Tenney Group, gives some insights into the current trends and developments in the M&A space, as well as key factors that potential buyers look for when considering an acquisition of a small carrier. Spencer is joined by FreightWaves Freight Broker/3PL Expert Mary O'Connell. Follow FreightWaves PodcastsJoin the Small Fleet & Owner Operator Summit

The world of mergers and acquisitions (M&A) can be incredibly complex, especially for smaller carriers. Spencer Tenney, President and CEO of the Tenney Group, gives some insights into the current trends and developments in the M&A space, as well as key factors that potential buyers look for when considering an acquisition of a small carrier. Spencer is joined by FreightWaves Freight Broker/3PL Expert Mary O'Connell.  Follow FreightWaves Podcasts Join the Small Fleet & Owner Operator Summit Learn more about your ad choices. Visit megaphone.fm/adchoices

Even with so much uncertainty in our current economy, there's still a consistent appetite for mergers and acquisitions in our field.   Spencer Tenney has dedicated his career to helping business owners succeed in the rapidly evolving world of trucking. He's the President and CEO of the Tenney Group, a firm that specializes in M&A in the transportation industry. His hands-on experience and deep understanding of the field have made him a trusted advisor to transportation professionals in their pursuit of success.    Tune in to learn about:   [8:38] How to vet the companies that you're interested in working for [15:08] The current trends in the trucking industry and where things are headed [21:07] Mergers and Acquisitions in today's economic climate    Resources The Tenney Group website Connect with Spencer on LinkedIn Connect with Tenney Group on LinkedIn In the Hot Seat | The Business of Transportation  

The plunge in sports rates this year didn't put the brakes on M&A activity. Spencer Tenney from The Tenney Group explains how larger players are rethinking their acquisition strategies. He is joined by Kevin Hill, Managing Director at OTR Advisors. Love's Truck Care & Speedco is the nation's largest preventative maintenance network over the road. With more than 1,500 maintenance bays offering light mechanical services and DOT inspections, we've invested in our locations and staff to get your drivers back on the road quickly and safely. Visit loves.com to learn more.Follow FreightWaves on Apple PodcastsFollow FreightWaves on SpotifyMore FreightWaves Podcasts

The plunge in sports rates this year didn't put the brakes on M&A activity. Spencer Tenney from The Tenney Group explains how larger players are rethinking their acquisition strategies. He is joined by Kevin Hill, Managing Director at OTR Advisors.Follow FreightWaves on Apple PodcastsFollow FreightWaves on SpotifyMore FreightWaves Podcasts

In this episode of The Hot Seat, Spencer Tenney sits down with co-founder of Standard Freight, Jay Maxwell. Jay and his partner enlisted the services of Tenney Group to sell their brokerage a few years back and now he's here to discuss the process, what he learned and what he hopes others considering a sale think about before they enter into the process. ___ Looking to acquire another transportation business? Join Tenney Group's private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. https://www.thetenneygroup.com/buying-a-business/ Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message

In this episode of The Hot Seat w. The Tenney Group, Spencer Tenney sits down with Matthew Wiener, a managing director at Aon. The big topic today is around representations and warranties insurance in transportation mergers and acquisitions. What is it? What are the current trends around reps and warranties insurance? What should someone looking to sell or purchase a transportation company in the next 18 months begin doing now to ensure a smooth process. Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message

In this episode of The Hot Seat, Spencer Tenney sits down with the founder of recently acquired American PetroLog, Jeff Colonna. Jeff founded the company in a niche space within the transportation business seven years ago and since then business has boomed! So, why would Jeff choose to sell now? We talk about why now was the right time to sell, how American PetroLog was founded, what he learned from selling his company, why he choose the Tenney Group to represent him and more. Looking to acquire another transportation business? Join our private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. https://www.thetenneygroup.com/buying-a-business/ Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message

In this episode, Spencer Tenney interviews Matt Rhoads, the former owner of Central Pennsylvania Transportation. Last year, Matt worked with the Tenney Group to sell his family trucking company, Central Pennsylvania Transportation. We talk about what made Matt consider selling, what surprised him about the process of selling a transportation company, and advice for someone else considering sales. Looking to acquire another transportation business? Join Tenney Group's private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. https://www.thetenneygroup.com/buying-a-business/ Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message

Tenney Group was founded almost 50 years ago by Charles Tenney. He had the vision to help transportation companies in America build the best businesses possible and leave a legacy for their families. After decades in the business, Charles began to think about the next chapter for the Tenney Group. Should he sell to a third party? Should he sell to an employee? Should he sell to his children? Eventually, through many conversations, Spencer Tenney,CBI CMAA (Charles' son) decided that he wanted to purchase the business and see where he could take it. In this webinar, co-hosted with Intermodal Association of North America (IANA), Chandler Lyles interviews Charles and Spencer to discuss the process they followed to successfully transition the family business from one generation to the next. Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message

Paul Marston was the CEO of Abenaqui Carriers. The company was started by Paul's parents and he took over as CEO in 2001. A little over a year ago, Paul and the family decided to start exploring a sale of their business. Eventually, they found the right buyer in Roberts Energy / Brown Bear Transportation. This deal ended up creating one of the largest fuel haulers in the New England area. In this episode of The Hot Seat, Spencer Tenney, CEO of the Tenney Group, sits down with Paul to discuss the sale. What factors led the family to consider selling? Why did they choose to work with a 3rd party M&A firm like Tenney Group to facilitate the sale? What did Paul learn through this process that future sellers could benefit from? All of that and more on this week's Hot Seat! Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message

Ellen Voie from Women in Trucking joins the Tenney Group to discuss women in the industry and the impact they're currently making. Looking to acquire another transportation business? Join Tenney Group's private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. https://www.thetenneygroup.com/buying-a-business/ Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message

Spencer Tenney heads the Tenney Group, one of the leading companies set up to help both buyers and sellers navitage the world of mergers and acquisitions in the supply chain. He's got a ringside seat to the dances that buyers and sellers perform when moving assets, and he joins Drilling Deep host John Kingston to share his perspectives on how those dances are going.Also on the podcast, Kingston talks about the super-tight East Coast market and why there may be a few signs that the worst could be over.With more than 60 years of experience in logistics innovation, Dunavant is a family-owned business that has the knowledge to ensure global and domestic shipping practices are efficient and effective. Dunavant generates supply chain proficiency with outstanding, attentive, and expedient customer service. For more information, visit Dunavant.com.Follow Drilling Deep on Apple PodcastsFollow Drilling Deep on SpotifyMore FreightWaves Podcasts

Spencer Tenney heads the Tenney Group, one of the leading companies set up to help both buyers and sellers navitage the world of mergers and acquisitions in the supply chain. He's got a ringside seat to the dances that buyers and sellers perform when moving assets, and he joins Drilling Deep host John Kingston to share his perspectives on how those dances are going.Also on the podcast, Kingston talks about the super-tight East Coast market and why there may be a few signs that the worst could be over.Follow Drilling Deep on Apple PodcastsFollow Drilling Deep on SpotifyMore FreightWaves Podcasts

Spencer Tenney is President and CEO of the Tenney Group, an industry specialized merger and acquisition advisory firm that has been dedicated to transportation since 1973. Tenney Group's core business is sell-side representation services for trucking and logistics companies with annual revenues ranging from 20M to 300M.  In this episode, host Nick Hancock interviews Spencer to discuss the unprecedented amount of M&A activity in the transportation industry right now, as well as Spencer's industry insight for 2022 and beyond.      If you're listening and you're interested in learning more about mergers and acquisitions in transportation, contact Spencer at www.thetenneygroup.com  The Gig Academy host Nick Hancock, Openforce Gig Academy Podcast Host and Customer Success Manager of Key Accounts Nick monitors all areas that pertain to and affect the gig economy and IC model to best advise and meet the needs of Openforce's clientele. Prior to working at Openforce, Nick worked in the dental manufacturing industry and has a background in insurance as a producer. Nick has a Bachelor's degree in Interdisciplinary Studies of Humanities from Northern Arizona University. He and his wife are expecting their firstborn daughter in October 2021. About this episode's guest Spencer Tenney, President & CEO of the Tenney Group Spencer Tenney is President and CEO of the Tenney Group, an industry specialized merger and acquisition advisory firm that has been dedicated to transportation since 1973. Tenney Group's core business is sell-side representation services for trucking and logistics companies with annual revenues ranging from 20M to 300M. Spencer graduated from the University of Texas and currently serves as Vice-Chair of the American Trucking Association's M&A Task Force. On a personal note, Spencer, his wife Lauren and their three kids reside in Franklin, TN. He enjoys songwriting, fitness, reading presidential biographies, and serving Franktown Open Hearts – a faith based non-profit dedicated to inspiring and empowering inner-city youth. About the Tenney Group An industry specialized merger & acquisition advisory firm in business since 1973, Tenney Group has been dedicated to the Transportation and Logistics industry since its inception. Offering an array of services, including sell-side advisory, buy-side advisory and valuation services, the firm is dedicated to maximizing their clients' outcome. The team prides itself on being able to be all-in on work worth doing. To serve the people that move America is a privilege the team doesn't take lightly. The realization is that relationships will always outlast transactions, and each person in the Tenney Group is dedicated to maximizing every relationship with industry professionals. The team is comprised of a number of individuals who bring unique backgrounds and experiences to the forefront. When joined together, the team is able to provide vast talent and skillsets to serve the firm's clients at the highest level.

Spencer Tenney and the Tenny Group Story Ryan Schreiber hosts a podcast about Spencer Tenney and the Tenney Group. Spencer is the CEO of a firm that advises business owners in the 3PL, trucking, and bus industry on mergers and acquisitions. About Spencer Tenney Spencer Tenney serves as President & CEO of Tenney Group, where he oversees the firm's day-to-day effectiveness and long-term vision. Spencer is a graduate of the University of Texas at Austin and holds the designation of Certified Merger & Acquisition Advisor through AM&AA. Prior to Tenney Group, Spencer worked as a Director at Merritt Hawkins, a healthcare recruiting firm in Dallas. He also owned a music publishing company. Spencer and his wife, Lauren, reside outside of Nashville in Franklin, Tennessee and have been married for 13 years. He has three amazing kids – 9,6, & 3. He enjoys writing country music, reading presidential biographies, and F3 (Fitness, Fellowship, Faith). He currently serves on the board of Franktown Open Hearts, a faith-based organization dedicated to equipping inner-city kids to free themselves from generational poverty. About Tenney Group Tenney Group are mergers and acquisitions advisors who work with business owners in the 3PL, trucking, and bus industry. These business owners are hardworking individuals or teams who have created and lead companies that are the backbone of America. Unfortunately, pitfalls unique to the transportation industry can threaten an owner's ability to sell their business for what they deserve or even threaten their ability to sell at all. Luckily, Tenney Group has developed an industry specialized process that enables business owners to navigate these pitfalls and maximize their ability to get a deal done. Ultimately, this allows owners to impact their family, employees, and community in profound ways while also giving them peace of mind that they made the best decision. The Tenney Group's unique expertise helps transportation business owners build and protect business value, grow through acquisitions, and optimize the sale of their businesses. The Tenney Group was established in 1973 and has completed over 200 transportation deals. Learn More About Spencer Tenney and the Tenny Group Story Spencer Tenney Tenney Group What's Driving the 3PL Industry Consolidation with Spencer Tenney The Logistics of Logistics Podcast If you enjoy the podcast, please leave a positive review, subscribe, and share it with your friends and colleagues. The Logistics of Logistics Podcast: Google, Apple, Castbox, Spotify, Stitcher, PlayerFM, Tunein, Podbean, Owltail, Libsyn, Overcast Check out The Logistics of Logistics on Youtube

Charles Tenney founded Tenney Group in 1973, and even now at 73, is still passionate and active in ensuring that hardworking transportation business owners achieve the best possible transaction every day. When not managing deals, Charles speaks at events across America focused on educating business owners on how to increase the value of their companies, protect their wealth and prepare for their best possible exit at the appropriate time.   Spencer Tenney serves as President & CEO of Tenney Group, where he oversees the firm's day-to-day effectiveness and long-term vision. He is a graduate of the University of Texas at Austin and holds the designation of Certified Merger & Acquisition Advisor through AM&AA. Spencer currently serves on the board of Franktown Open Hearts, a faith-based organization dedicated to equipping inner-city kids to free themselves from generational poverty.   Today Charles shares some of the leadership experience and business acumen that he learned from his role as Sergeant in the U.S. Army and how that role helped him when it came to setting up Tenney Group. Spencer describes why he joined his father in the Tenney group as President and CEO, and how the pair navigated working together successfully and smoothly. He also shares the company's philosophy on serving their customers and their communities and why what they do transcends the financial aspects of the business.   "Military training gave me discipline, gave me encouragement, gave me confidence, and founded me on leadership.” - Charles Tenney   “I learned is that failing at that time was a necessary part of my development. And it didn't happen immediately. But I needed to fail to evolve into a better leader.” - Charles Tenney   “The impact of the transaction has the ripple effect is tremendous, and so I think that's what lights us up as a team. That's where our passion comes from. Because we know that the impact is well beyond what happens at the closing table. It's generational, spiritual, it's community, it's everything.” - Spencer Tenney   This Week on The Wow Factor: How looking back at the USA from the war in Korea gave Charles perspective on all the opportunities in his home country How Spencer's leadership skills were shaped at high school Why Spencer and his brother loved having a project to do with Charles and why Spencer ultimately decided to go and work at Tenney Group How Tenney Group helps transportation companies go to the next level Why having clear boundaries can help professional relationships Some of the moments when deals have gone off the rails and what the team did to problem solve Challenges Charles anticipates in the next few years Common traits of business owners in the trucking industry What the ‘Good News Report' is and how they use it at Tenney Group   Spencer Tenney's Words of Wisdom: If you can align the passions and the people in the purpose, it is such a multiplying factor. It brings purpose and richness to life that is well beyond the work that you're doing.   Connect with Tenney Group: Tenney Group Website Tenney Group on LinkedIn Tenney Group on Facebook Tenny Group on YouTube   Connect with The WOW Factor: I Like Giving: The Transforming Power of a Generous Life by Brad Formsma Words of Wisdom Website Brad Formsma on LinkedIn Brad Formsma on Instagram Brad Formsma on Facebook Brad Formsma on Twitter