Viking Mergers & Acquisitions, a well-known M&A firm, has recently completed the sale of Apple Tuck & Associates Inc., a 50-year-old bridge contracting company based in Rutherfordton, North Carolina. The business was sold to Sunland Development & Construction Co. located in Newport, NC. Apple Tuck and Associates is primarily involved in bridge and reinforced box culverts construction in Central and Western North Carolina.
When David Bare, second generation owner of Apple Tuck & Associates, decided to sell the business and retire, he contacted Brad Offerdahl, founder of Viking Mergers & Acquisitions. “We aggressively but confidentially marketed David’s business and because he had such a fine business, we were able to generate a lot of interest. We sold it to the right firm in Sunland,” Offerdahl explains.
Rick Williford is the owner of Sunland Development & Construction. Sunland Development & Construction is a 23-year-old company offering a variety of construction services. Williford acquired Apple Tuck & Associates to add bridge building to the construction services his firm can provide and to expand his client base to the Central and Western North Carolina markets.