Lake Norman Pool and Spa, a company providing swimming pool products and services to consumers located in North Carolina, has recently been sold by way of Viking Mergers & Acquisitions. Lake Norman Pool and Spa was founded by Bob and Dedie Dooley in 1987. After three decades of building the successful business and expanding to three various locations, the Dooleys decided that it was the right time to sell.
The sale was completed by John Arrup and Ed Marxen, both with Viking Mergers & Acquisitions. “Selling a 30-year-old business is never easy, but thanks to Viking I was able to accomplish this and receive fair value for many years of hard work,” says Bob Dooley, previous owner of Lake Norman Pool and Spa. The business received a decent amount of interest and was successfully sold to the first buyer interested.
Lake Norman Pool and Spa was acquired by Mike Crawford, a buyer with a previous background in the corporate pharmaceutical business. Crawford moved to the Lake Norman area with intentions of acquiring a business and happened to be the first to tour Lake Norman Pool and Spa. “Not only did Viking find a great buyer, but they did so a very short period of time. In fact, our buyer was the first person we spoke with,” says Bob Dooley. Crawford plans to grow the business further while learning more about the pool service industry.
About Viking Mergers & Acquisitions
Founded in 1996 by Brad and Jay Offerdahl, Viking Mergers & Acquisitions was established with the vision of providing customized exit strategies and M&A mitigation to family owned, small and middle market business owners. Since their inception, Viking Mergers & Acquisitions has sold over 500 businesses across the Southeast. Their intermediaries have hundreds of years of collective experience in business transactions and nearly 75% have owned a business of their own. Viking proudly boasts a closing rate that is 3x the national average and businesses that sell for 96% of their asking price.
To learn more about Viking Mergers & Acquisitions, please contact their office today at (704) 676-0940, or visit their website to see active business listings or request a valuation for your business.