Alterman Transport Corporation
Founded in 1938, this Florida-based company grew to become the second largest national LTL (“Less than Truckload”) carrier of perishable freight in the country with over 1300 employees and 3 million square feet of terminal space across the US.
Following the death of founder Sidney Alterman, the shareholders engaged Carter Morse & Mathias to sell the business. During the process several offers were considered and were deemed to be inadequate when measured against the potential of an orderly liquidation of assets.
Carter Morse & Mathias orchestrated an orderly sale of all of the Company’s operating assets resulting in all creditors being paid in full, and significant after tax distribution to shareholders.
This information should not be construed as a recommendation, offer to sell, or solicitation of an offer to buy a particular security or investment strategy. The commentary provided is for informational purposes only and should not be relied on for accounting, legal, tax or other professional advice. While the information herein is deemed reliable, CMM cannot guarantee its accuracy, completeness, or suitability for any purpose, and makes no warranties with regard to the results to be obtained from its use.
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