Deal Facilitated by Viking Mergers &
Acquisitions
CHARLOTTE, N.C., Sept. 17,
2024 /PRNewswire/ -- An affiliate of KT Capital
of Atlanta, Georgia, has acquired
majority interest in Recycling Equipment Incorporated (REI). The
recapitalization was completed in partnership with REI's existing
management and shareholders, positioning the company for continued
growth and market expansion.
Founded in 1994 by Scott Sharp,
REI is a turnkey systems integrator that provides equipment
solutions for recycling plastic, wood, and other essential
materials. Operating from facilities in Newton, North Carolina, and Fort Worth, Texas, REI serves various
industries, focusing on the eastern and southern United States. The company's comprehensive
services include designing, manufacturing, distributing, and
maintaining recycling equipment.
"We are extremely proud of the team we have assembled and the
growth we've experienced over the years," said Sharp. "We are
confident about the opportunity to partner with KT to further that
growth, and we look forward to bringing our commitment to customer
service to new markets."
Sharp and REI senior managers Dean
Burrow and Joey Walls will
work alongside KT Capital to further REI's well-established
position in providing innovative solutions that preserve the
country's natural resources.
Jim Tapp, Managing Partner of KT,
said, "We are extremely excited to be working with the talented and
experienced REI team. We look forward to collaborating closely with
the team, leveraging their deep expertise, while providing
strategic resources to unlock new growth opportunities. Our mutual
goal is to build on the company's long history of providing quality
products and world-class services to our customers."
REI was represented by Viking Mergers & Acquisitions, led by
Trevor Crocker and Mike Donahue.
About Viking Mergers and Acquisitions
Viking provides M&A services to small and middle-market
business owners. In business since 1996, Viking is one of the
largest business brokers in the southeast US. The firm has
successfully sold over 850 businesses with an 85% close rate, at an
average of 96% of the listing price.
Visit https://vikingmergers.com to request a free
confidential business valuation or to get more information.
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SOURCE Viking Mergers & Acquisitions