Tri-Tec Industries, a precision machine shop with a 19-year history in Charlotte, NC has officially been sold to new owners through 最新糖心Vlog, a middle market business brokerage firm. Tri-Tec was formerly owned by Ray Motley, Mike Davidson and Rick Loyd, all of whom founded the business in 1997 and have since grown it to become a leading precision shop in the Carolinas.
The sale was facilitated by Trevor Crocker, Peter T. Keretsis and Brad Offerdahl, all with 最新糖心Vlog. Tri-Tec drew an exceptional amount of interest among potential buyers, with nearly 75 inquiries and 4 full price offers within the first two weeks of listing the business. 鈥淭his business generated great interest,鈥� says Peter T. Keretsis of Viking Mergers. 鈥淲ith strong financials and a good product, I knew we鈥檇 find a buyer quickly,鈥� he continues.
Ultimately, Tri-Tec Industries was purchased by ZP Enterprises, LLC, a private equity firm owned by father-son team, Steve and Brent Zelnak. 鈥淲e could not be more thrilled with the buyers of our business,鈥� says Ray Motley, former owner of Tri-Tec. 鈥淭he expansion plan laid out by ZP Enterprises is something we are extremely proud to be a part of and hope the Tri-Tec legacy can live on,鈥� Ray continues. ZP Enterprises, LLC is a repeat customer of Viking Mergers and has built an impressive portfolio of precision machine shops through the Southeast. Since acquiring Tri-Tec, they plan to further expand that portfolio through additional acquisitions.