Uncategorized

East Branch Delivery Services Inc., Sold to PAF Transportation!

By September 20, 2019No Comments

The ROI Business Brokers are pleased to announce another sale – East Branch Trucking
Company! Located in Auburn, Maine, this successful LTL carrier focuses on the transportation
of palletized freight to niche markets. Although the company is incorporated in Maine, it serves
all 6 New England states from 4 well located cross dock locations with a total of 27 doors and a
generous fleet of trucks.

The regional trucking company was sold by longtime owner Thomas Boyd who says he’ll stay
on board for another year before moving to the West Coast to be with family. “Everything went
very well [with Gary and ROI]” says Boyd. He will continue as General Manager assisting new
ownership.

East Branch was acquired by Portland Air Freight and thankfully, over 50 well qualified CDL
drivers, most with Hazmat endorsements, will still have jobs during this acquisition. Another big
plus of this acquisition is that in 2011, PAF made the transition to an Employee Stock
Ownership Plan (ESOP), meaning it is 100% employee owned! This is a huge benefit for the
once East Branch employees to embody the new ownership transition knowing that everyone
working at PAF has a financial stake in the success of the company.

Gary Rayberg, President of ROI Corporation, was the broker in this transaction. On facilitating
the sale of East Branch, Gary commented “I enjoyed working with Tom and Alan. Two great
guys. It was a very friendly transaction. I wish them both the best in their future endeavors.”

ROI is a premier business brokerage and valuation services firm servicing MA, NH, RI, CT and
the southeast from Marietta, GA. If you have any interest in selling or valuing your business, or
are looking to buy a business, contact ROI Business Brokers today! We can be reached by
phone at (781) 682-6209 or via web at www.roibusinessbrokers.com.