CHARLOTTE, N.C., March 15, 2016 /PRNewswire/ -- P. Saylor Fencing, a local fence building and installation company owned by Paul and Risa Saylor, was officially sold to new owners in March 2016. The deal was facilitated by Viking Mergers & Acquisitions and demonstrates an ongoing trend in positive M&A activity in the Southeast. P. Saylor Fencing was founded by Paul and Risa Saylor over 16 years ago as first time business owners. Since then, the business has grown rapidly over the past few years and boasts a fantastic reputation in Charlotte.
"We built this business from the ground up," says Risa Saylor. "We are ready to move on to the next endeavor but wanted to leave our business in good hands." Trevor Crocker, a Partner at Viking Mergers & Acquisitions, managed the transaction and within just a few days of listing, the first potential buyer to tour the business made an offer. Sixty days later, the deal was closed. "Due to the strong cash flow and steadiness of this business, due diligence and closing was virtually seamless," says Trevor Crocker, of Viking Mergers. "The SBA funding was approved very quickly and the cooperation of both the buyers and sellers lead to a speedy closing period," Trevor continues.
The new owners of P. Saylor Fencing, Tim and Stacy Foley, come from a background in Corporate America and are anxious to begin their careers as full-time entrepreneurs. Tim and Stacy plan to expand the footprint of the operation throughout the Charlotte Metro area and look forward to taking the business to the next level.
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 mitigation 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.
SOURCE Viking Mergers & Acquisitions