A confidential way for owners of Singapore freight forwarding, warehousing and transport companies to understand what the business is worth and explore a sale. No listing, no talk reaching your customers, agents or drivers, and nothing public until you decide.
A private read on your number. No commitment, no call required, nothing on the record.
Most owners we speak to have spent years building what they have. When they start to think about selling, the same three worries surface. We take all three off your plate, in this order.
Freight is a small world, and shippers, agents and competitors talk. Nothing is listed and nothing is named, so your customers and your team hear it from you, on your timing.
Most owners guess at their number. We start with a clear, evidence-based view of value and prepare your financials so a buyer pays for what the company is genuinely worth.
A signed offer is the easy part. We run the process to completion, including the awkward steps, so it holds together to the end rather than drifting and dying.
The promise should feel concrete, not like a slogan. Here is exactly how your name, your team and your customers stay protected until you are ready.
Your company is shown only after a buyer has signed an NDA and you have approved them by name. No open marketplace, no broker board.
Early documents carry a reference code, not your name or address, so nothing identifying circulates while interest is being gauged.
You approve every step and every buyer before they learn who you are. The process runs at your pace, never ahead of it.
Logistics buyers look past a good year and ask what the business earns in a normal one. We normalise the accounts, take out the effect of past freight-rate spikes, and show whether the earnings sit in contracts, in the sales team or in the fleet.
We normalise your financials so the buyer sees the true earning power of the company, not the owner's personal lens on it.
Contract warehousing on long agreements is worth more to a buyer than spot forwarding that follows a few salespeople and an agent network. We evidence which earnings are contracted, which are relationships, and how each transfers.
Remaining JTC or warehouse lease tenure often caps what a buyer will pay, and a trucking business is anchored on the value and age of its fleet. We get ahead of both so they support your number.
Businesses like yours in Singapore typically sell for 3x to 4x normalised EBITDA.
Contract warehousing on long leases sits at the top of the range, asset-light forwarders depend on their sales team and agent network, trucking is anchored on fleet value, and short JTC or warehouse lease tenure often caps the price. The upper end, around 5.5x, usually needs competing buyers and a business that runs without you. These are conservative ranges from Singapore SME transactions, not a valuation.
We approach logistics groups, listed companies, regional and Japanese acquirers and competitors discreetly, the buyers who pay for contracted volume and a team that stays.
Warehouse and JTC lease consents, customer contracts with change-of-control terms, agent agreements, customs schemes and permits, vehicle finance and key-staff retention are handled early, not surfaced late.
Your name stays out of the market until an NDA is signed. No public listing, no broker board, nothing your team can stumble on.
You work directly with Ben from start to finish. No being handed to a junior once the engagement begins.
Our job is a deal that closes, not a listing that lingers for a year. We manage the path from offer to a clean close.
We read the things a generalist broker misses, the dependencies a buyer probes and that quietly cut a price if ignored.
The team behind 70+ owner-operated transactions across Singapore, now extending the same playbook to established businesses across sectors.
Start with a short questionnaire by email, under NDA. For a fixed fee, we tell you honestly what your company is worth and what would lift it.
If a sale fits, we agree the approach. If the timing is wrong, we can stay on as your adviser and get the business ready to sell.
We approach the right buyers discreetly, each NDA-gated and approved by you. Never the open market.
We manage due diligence, licence and lease transfer, and the difficult conversations, through to signing.
Off-market and NDA-gated. Nothing is publicly listed and nothing carries your name. Early materials use a reference code instead of your company name and address, buyers see identifying details only after signing an NDA you have approved by name, and you decide when your team, your key customers and your overseas agents are told. In freight that discipline matters, because competitors are often the first to hear and the first to call your customers.
It is priced off normalised earnings, meaning the accounts adjusted for owner-specific costs and one-off years, so a buyer sees what the business earns in a normal year. Profits lifted by past freight-rate spikes are averaged back down. What moves the number most is how much revenue is contracted rather than spot, customer concentration, whether the sales team and agents stay, lease tenure and, for trucking, fleet value. Owner-operated logistics companies in Singapore typically change hands at roughly 3 to 4 times normalised EBITDA, with up to about 5.5 times only for larger, contract-led businesses with competing buyers. We give you a written valuation under NDA, for a fixed fee credited against our success fee if you sell with us.
Mainly regional and international logistics groups adding capacity or a Singapore base, including Japanese acquirers, listed Singapore groups building scale, and competitors buying customers, contracts or warehouse space. Now and then the management team buys the business itself. A strategic buyer may pay for your warehouse capacity or your trade lanes, while a competitor may value only the customer book. Approaching several quietly, at the same time, is usually what protects the price.
It is often one of the biggest factors in the price, because the earnings depend on the space. JTC usually has to approve an assignment of its leases, and many leases carry conditions on use, subletting or changes in ownership, so the terms need reading at the start. Short remaining tenure tends to cap value however good the earnings are. If you own the property, it is usually valued separately from the business. Check the specifics with your lawyer before any buyer is approached.
Our sale fee is success-based and paid on completion: no sale, no fee. A written valuation is a separate fixed fee, agreed and paid before we start, and credited in full against our success fee if you sign with us within 6 months and the sale completes. The first conversation, a short questionnaire and our written recommendation on which valuation fits are free and carry no obligation.
Usually yes, but it shapes the structure more than the headline. In asset-light forwarding, much of the value sits in who owns the customer relationship and whether the agent network keeps sending you work. Buyers manage that risk through retention terms for key staff, transition periods and sometimes deferred or earn-out payments. The way to protect your price is to make the dependency visible early, with a plan, rather than let a buyer find it in due diligence and reprice.

Clearmere is confidential M&A advisory for owner-operated SMEs, typically S$1m to S$20m in revenue. The lower-mid market the large firms overlook and generalist brokers tend to fumble. You get senior attention on your sale, not a junior and a template.
Ben takes on a small number of mandates at a time, personally. The 70-plus deal record sits with the advisory team and is honest experience across owner-operated Singapore businesses, now being extended to established businesses across sectors.
Your valuation is private, and there is no obligation to sell. If it is not the right time, you keep the report and have told no one.
Start with a short confidential questionnaire by email. No commitment, no call required, and nothing reaches your team or the market until you decide it should.
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