Tampa, Florida (March 25, 2016) – Acquisitions Unlimited, Inc. is pleased to announce the recent sale of Payless Equipment Corporation of Florida to Nutshell Corporation of Phoenix, Arizona.
Payless Equipment is a material handling/wholesale equipment distributor which was established in 1990 by President Allen Brokaw. The company has an outstanding reputation for supplying warehouse and other material handling equipment to an impressive base of long-standing customers.
The principals of Nutshell Corporation plan to enhance the company web presence and add sales and marketing staff to grow its service area.
Acquisitions Unlimited, Inc, an Odessa, Florida mergers and acquisitions firm, identified the buyers, arranged the financing and facilitated the entire transaction.
Jan Fowler, President and Founder of Acquisitions Unlimited, stated, “Like most owners, they wanted to be certain the sale process was handled professionally and the exit strategy could be executed as efficiently as possible. Upon reviewing Payless Equipment initially, it was clear that this was a solid, profitable and stable company with great upside potential for new ownership. We were very pleased to be retained to represent it.”
Allen Brokaw, Founder and former CEO of Payless, said, “Jan and her team did an excellent job of evaluating, packaging, marketing and selling our company within only 6 months, start to finish. She has an excellent grasp of contract negotiation, financing and follow up after the sale.
According to recent data from the U.S. Department of Commerce and Bureau of Labor Statistics, material handling and logistics is one of America’s largest and fastest growing industries. In fact, it’s a “mega industry”—the consumption of material handling and logistics equipment and systems in America exceeds $156 billion per year, and producers employ in excess of 700,000 workers. (Reprinted from www.MHI.org)
“The new owners are excited to take the business to the next level. With Florida’s dynamic business climate, there are a number of new prospective businesses to explore as customers,” Jan Fowler added.
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About Acquisitions Unlimited, Inc: With offices in the Tampa Bay area of Florida, Acquisitions Unlimited is one of the more experienced, professional and exclusive business sales, mergers and acquisitions/ business brokerage firms in the area. The company represents well-managed businesses in the Florida market. It provides a full range of services relating to buying, selling or merging businesses, business financing and valuation. For more information, visit: http://www.acquisitions-unlimited.com/. 813-920-7880