Viking Mergers & Acquisitions, a middle-market M&A firm based out of Charlotte, NC, has successfully facilitated the sale of A-Line Corporation, an automation and packaging business located in Concord, NC. A-Line Corporation was founded in 1995 by Duane McIntyre. The former owner, Kurt Naas, has grown the business to become a dual-division firm specializing in assembly automation and packaging machinery.
Greg Ponder and Trevor Crocker, Partners with Viking Mergers and Acquisitions, represented the seller, Kurt Naas, during the transaction. As a niche manufacturing business, finding the right buyer was challenging but crucial. “Due to the complexity of this business, we knew we needed to identify a buyer with a high level of industry knowledge” says Trevor Crocker, “After screening several potential buyers, we were excited to meet with Chuck Prezioso who has extensive experience and knowledge in the manufacturing sector and he proved to be a perfect match”.
The new buyer, Chuck Prezioso, comes from an automation and manufacturing background in the corporate space and was looking to test his skills in the entrepreneurial realm. As a first-time entrepreneur, Chuck was new to the middle market M&A process but states that he always felt at ease with Viking. “Viking has developed and executed an excellent process and project plan that lead to a successful close and one very happy buyer!” says Chuck Prezioso. Chuck plans to grow the business and is exploring options of expanding into new manufacturing sectors.