May 18, 2020: Anthony J. Vizzoni Esq., Transportation Practice Leader of Becker LLC, interviewed fellow Industry Partners Mark Furman and Richard Conroy of Beechwood Capital Advisors, LLC about the hot topics they are consulting with as to their transportation clients about during the COVID-19 crisis.
Becker: Are you seeing deals already in your pipeline being put on hold, or are they advancing towards closing? What challenges are you facing? Which types of deals are moving forward and specifically what are your thoughts as to deals in the trucking and logistics industries
Beechwood: M&A Deals in our pipeline that were well into the due diligence process and are continuing to operate profitably are advancing towards closing with some minor delays mostly related to transitioning to working remotely.
Financing deals have been put on hold pending post-shutdown analyses. Uncertainties related to supply chains, logistics and the timing of starting up production balanced with sales have all impacted financings. Additionally, without exception, businesses are waiting for funds related to government sponsored programs to “settle” before exploring any additional financing needs or shortfalls.
Industry Specialists Discuss the Impact of COVID-19 on the Transportation Industry