ROCKLAND, MA ISSUED JANUARY 20,2023… ROI Corporation (www.roimergers.com), a full-service business brokerage firm, recently completed the sale of Atlas Motor Express, a Boston area trucking company.
The business, in operation for more than 90 years, has maintained many long-term customers that depend on it for less-than-truckload (LTL) freight, consolidation, and final mile deliveries.
Atlas Motor Express was acquired by Laconia Best Warehousing and Distribution, which includes Rate Liner and Parcel Room out of Fremont, NH, owned by Ryan Boccelli. David Penva assisted with the transition and has now retired.
“Tom Boyd and the ROI team were excellent to work with and facilitated the communication with David to ensure a smooth purchase transaction and plan for turnover to Laconia Best with no disruption in operations, which allowed the sale to be relatively transparent to our customers,” said Ryan Boccelli, President of Laconia Best.
Tom Boyd of ROI served as broker and represented David Penva in the transaction.
“This highly successful trucking company served the New England region for nearly a century, and it was our privilege to represent the seller in this transaction,” said Denis Mezheritskiy, President of ROI Corporation, noting the value a broker brings in ensuring the sale of a business at its highest worth in the shortest period of time. “We congratulate the former owner on his retirement and wish the new owners much success.”
About ROI Corporation
ROI Corporation, based in the Boston market, has been involved in the sale of businesses and real estate in over 30 states since 1997. They also assist in the transfer of business ownership between generations and to key employees and management teams. ROI serves all of New England including MA, ME, NH, RI and CT with two divisions; a main street division serving smaller businesses as well as their middle market M&A division. Their Marietta, Georgia, office, specializing in Service Distribution & Manufacturing Companies, serves the southeast United States. They also have an office in Simsbury, Connecticut. For more information, please visit www.roimergers.com or call (781) 682-6209.