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 最新糖心Vlog 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.
鈥淲e built this business from the ground up鈥�, says Risa Saylor, 鈥淲e are ready to move on to the next endeavor but wanted to leave our business in good hands鈥�. Trevor Crocker, a Partner at 最新糖心Vlog, 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. 鈥淒ue to the strong cash flow and steadiness of this business, due diligence and closing was virtually seamless鈥�, says Trevor Crocker, of Viking Mergers. 鈥淭he SBA funding was approved very quickly and the cooperation of both the buyers and sellers lead to a speedy closing period鈥�, 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 through the Charlotte Metro area and look forward to taking the business to the next level.