ASHEVILLE, N.C., Sept. 15, 2016 /PRNewswire/ -- Mountain Water Systems, a water softening equipment supplier located in Asheville, NC, was officially sold to new owners by way of Viking Mergers & Acquisitions. Mountain Water Systems was founded in 1984 and purchased by the recent sellers, Jim Roberts and Steve Mayer in 2008. Since Jim Roberts and Steve Mayer took over, the business has grown exponentially and several new services were added. The transaction coincides with a positive trend in M&A activity seen throughout the Carolinas.
"We've spent 8 years growing Mountain Water Systems and decided we were ready to retire," says Jim Roberts. "We recruited Viking Mergers & Acquisitions to assist in the exit planning process and could not be happier with the outcome of this deal," Jim continues. Dan Misali and Greg Ponder of Viking Mergers facilitated the transaction. "We knew Mountain Water Systems would draw a ton of interest," says Dan Misali, Senior Advisor at Viking Mergers. "Within just 3 weeks, we had a formal offer and dozens of additional buyer inquiries on the business," Dan explains.
It wasn't long before the right buyers came along and made an offer on the business. Michael Mathews, an engineer from Asheville and John Warren, an engineer from Virginia, purchased the business to test their entrepreneurial skills. Both parties are pleased with the outcome of the transaction and look forward to watching the business grow under new ownership.
About Viking Mergers & Acquisitions
Founded in 1996 by Brad and Jay Offerdahl, Viking Mergers & Acquisitions was established with the vision of providing customized exit strategies and M&A navigation to middle market business owners. Since their inception, Viking Mergers & Acquisitions has sold over 500 businesses across the Southeast. Their intermediaries have over 100 years of collective experience in business transactions and nearly 75% have owned a business of their own. Viking proudly boasts a closing rate that is 3x the national average and businesses that sell for 95+% of their asking price.
To learn more about Viking Mergers & Acquisitions, please contact their office today at (704) 676-0940, or visit their website to see active business listings or request a valuation for your business.
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SOURCE Viking Mergers & Acquisitions