Jackson Innovations, an insulation vacuum bag distribution company located in Cornelius, NC was recently sold to a new owner by Viking Mergers and Acquisitions. Jackson Innovations was founded by Collin Jackson, a millennial entrepreneur with prior experience in innovation and business ownership. Jackson planned to sell his business after launching a technology company that services a similar clientele.
After deciding to sell the business, Collin recruited Viking Mergers Senior Advisor, Dan Misali, to facilitate the sale of his company. “I was very happy with the price of the business and the amount of buyers that were interested,” says Jackson. “Dan Misali and the Viking Mergers team aided in finding the perfect successor to take over the business.” Jackson Innovations generated a large amount of activity, obtaining four offers within the first month of working with Viking Mergers, including a full price offer within the first two weeks. “We spoke to several qualified buyers before selling the business, and closed the deal in just four months,” says Misali.
Due to their unique business model and strong cash flow, it did not take long to find the right buyer for Jackson Innovations. Nick Vail, a fellow millennial entrepreneur from Raleigh, NC plans to expand product offerings and extend the service area of the company. Both young entrepreneurs are pleased with the results of the sale, modeling a positive outlook for future business owners of their generation.