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Ground Logistics Company for Sale in Samut Prakan, Thailand

Full sale of a certified logistics firm with multi-year contracts and scalable infrastructure.
This Business is on a Premium Plan
Established 10-20 year(s)
Employees 100 - 500
Legal Entity Private Limited Company
Reported Sales USD 3.8 million
Run Rate Sales USD 3.8 million
EBITDA Margin 40 %
Industries Ground Logistics + 1 more
Locations  Samut Prakan
Local Time 2:44 AM Asia / Bangkok
Listed By Advisor / Business Broker
Status Active
Overall Rating
Full Sale
Asking Price: USD 11 million (Native Currency: THB 350,000,000)
Reason: Driven by the owner's decision to retire, this is a succession-driven sale, not a distress sale. The... View More
Includes physical assets worth USD 2.7 million
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Business Overview
1. Promoter experience & operational history.
- 20-year track record: the company has been operating for approximately 20 years, proving its ability to survive economic cycles (including covid-19 lockdowns) with minimal disruption.
- Institutionalized knowledge: The business has moved beyond a "Mom-and-pop" structure by institutionalizing standardized operating systems and safety practices.
- Transition support: the founder-CEO is willing to retain a minority stake and actively support a structured transition, mitigating the "Key person risk" often found in logistics buyouts.
2. Business relationships & contract quality.
- High switching costs (the "Moat"): The company has secured service contracts extending up to five years, significantly outperforming the industry standard of one-year renewable contracts.
- Blue-chip & MNC client base: The client list consists of multinational corporations and cross-border entities. These clients view the company as a strategic partner rather than a commoditized vendor, evidenced by their requests for the company to build new regional distribution hubs.
- Backlog visibility: Demand currently exceeds fleet capacity. Clients have provided multi-year volume commitments, offering the buyer clear visibility into future cash flows and immediate ROI on new capital expenditure (fleet expansion).
3. Revenue model & diversification.
- Defensive revenue mix: The revenue base is exceptionally well-diversified, protecting the business from sector-specific downturns. No single industry dominates the P&L. The portfolio is split relatively evenly (approx. 15–30% each) across:
- Food & beverage (high-frequency, recession-resistant)
- Automotive spare parts.
- Manufacturing.
- Consumer goods (Mattress/bedding/clothing)
- Rubber & tires.
- Integrated value chain: Revenue is generated across multiple logistics tiers from factory transport to distribution center delivery and final retail replenishment. This cross-selling capability increases the "Share of wallet" per client.
- Margin expansion: The recent introduction of cold chain logistics and a tech-enabled route management system has shifted the revenue mix toward higher-margin services, resulting in a significant EBITDA uplift last year (THB 55.2m EBITDA on THB 120m revenue).
4. Awards & compliance standards.
- Barrier to entry: The company holds ISO 9001:2015 and Q-Mark certifications.
- Strategic value: These certifications are described as "Non-negotiable requirements" for the company's multinational clients. By maintaining these high standards and consistently passing performance audits, the company effectively locks out lower-quality, uncertified competitors from bidding on these premium contracts.
Products & Services Overview
1. Core products & services (the revenue drivers)
The company sells guaranteed capacity, reliability, and supply chain integration. Their offering is split into three primary verticals:
- General & specialized freight transport: This is the core engine, utilizing a fleet of 150+ vehicles across 10+ classes. This allows them to handle diverse cargo types ranging from heavy industrial goods (tires, auto parts) to consumer goods (mattresses, clothing)
- Cold-chain logistics (high-growth vertical): A recently expanded service line involving temperature-controlled transportation. Rollout of the cold chain fleet was a key driver in enhancing operational efficiency and expanding EBITDA margins.
- Tech-enabled logistics management: While they provide physical transport, the "Product" includes their proprietary route-management tech stack. This includes route optimization, telematics, and fuel/location tracking, which they use to sell efficiency and transparency to clients.
- Warehousing & storage: A complementary service utilizing 900+ m² of warehouse space and 8 rai of land, likely used as consolidation points or distribution hubs.
2. Customer base.
The company serves a diversified mix of multinational corporations (MNCs) and blue-chip clients, with a strong focus on cross-border trade.
The revenue is remarkably well-hedged, with no single industry dominating the P&L. The client portfolio is split evenly (approx. 15–30% each) across:
- Food & beverage (F&B): Users of the cold-chain and time-sensitive logistics.
- Automotive spare parts: Likely requiring "Just-in-time" (JiT) delivery precision.
- Manufacturing & industrial: General B2B transport.
- Consumer goods: Specifically "Mattress, bedding, and clothing. "
- Rubber, tires & other segments: Heavy cargo transport.
3. Operational usage.
Clients do not use Thai transport for simple "Point a to point b" drop-offs; they utilize the company as an integrated supply chain partner.
3.1 full value-chain coverage: clients use the company for the entire lifecycle of the product movement:
- Factory transport: Moving raw materials or finished goods from the plant.
- DC delivery: Transporting to regional distribution centers.
- Retail replenishment: Delivering to the final storefront.
3.2 contractual & strategic integration:
- Long-term commitments: Unlike the industry norm of one-year contracts, key clients utilize Thai transport via multi-year volume commitments (up to 5 years).
- Network densification: Clients are actively requesting the company to establish new logistics hubs to serve as their specific regional distribution centers.
- Compliance & safety: MNC clients utilize the company specifically because of its ISO 9001:2015 and Q-Mark certifications, which are often non-negotiable prerequisites for multinational vendor lists.
Assets Overview
1. Tangible assets.
- The HQ land bank.
- Head office building.
- Warehouse.
- Total units: Over 120 trucks.
2. Intangible assets.
- Sticky blue-chip customer contracts.
- Licenses & certifications: ISO 9001:2015, Q-Mark certification.
- Proprietary systems & processes.
- Brand equity.
Facilities Overview
1. Land & warehouse specifications.
- Total land area: ~8 rai (approx. 12,800 m²)
- Built-Up area (storage): 900+ m² of warehouse storage space.
2. Rental & lease status: The land (~8 rai) and warehouse (900+ m²) included in the business sale.
Capitalization Overview
1. Debt & loan profile.
- The company carries a total interest-bearing debt load of approximately THB 91,357,153.
2. Shareholding structure.
- The equity is closely held, 100% family-owned, and highly concentrated.
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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