Selling a business in Ohio

Ohio is a market of durable industrial and service companies with owners who have run them a long time. We review established operations across the state, with particular attention to businesses that own their shop, yard or warehouse.

Written and reviewed by Antoine Campbell. Last reviewed .

What we review here

  • Industrial service, hydraulic and equipment repair
  • Mechanical and specialty trade contractors
  • Trucking, freight and warehousing along the interstate corridors
  • Fleet service and towing operations
  • Home and community-based service providers

Ohio-specific items in a transaction

Ohio's state-administered workers compensation system means the experience rating and any transfer of it needs to be checked as part of diligence rather than assumed.

  • Workers compensation administered through the state fund, which affects the cost structure and the transfer of experience
  • Commercial activity tax treatment on gross receipts
  • Local income tax administration, which varies by municipality
  • Environmental review on legacy industrial parcels

A note on presence

Maurant Ventures acquires businesses throughout the United States. Listing a market here means we actively review opportunities there. It is not a claim of a local office.

What Maurant needs to evaluate this

  • Three years of tax returns and current financials
  • Workers compensation history and experience rating
  • Property ownership and condition
  • Customer concentration
  • Equipment fleet and ages

When Maurant is not the right buyer

  • Operations dependent on a single industrial customer
  • Sites with unresolved contamination

Questions owners ask

How does Ohio workers compensation affect a sale?
The experience rating and its transfer are diligence items that can change the buyer's cost model.
Do you buy towing and recovery businesses?
Yes, particularly where the yard is owned.

Sources

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