Transportation Industry

The PrimeMark Group recently completed the sale of a leading drayage transportation company to a publicly-traded company. The seller has been working with The PrimeMark Group for over 8 years in a variety of projects aimed at positioning the company for sale.

During the sale process, the Dynamex verdict was handed down. In spite of the negative and far-reaching aspects of this decision for the transportation industry, The PrimeMark Group was able to work with the company and the seller to create a structure that resulted in the buyer fully indemnifying the seller from any liability related to misclassification issues.

 This structure paved the way for a successful consummation of the sale transaction and is potentially available for other transportation companies interested in selling their business given the issues of the Dynamex verdict.

 To contact The PrimeMark Group about the Transportation Industry, please click here.

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