Gupton Land Clearing of Salisbury, NC Recently Sold by VR Business BrokersSalisbury, NC | January 2020
Gupton Land Clearing, a Salisbury, NC company has officially been sold to new owners with the assistance of VR Business Brokers.
Gupton Land Clearing is a regional leader in land clearing services for energy right of way, Department of Transportation right of way and site preparation projects. The business has been run successfully operated and managed by Rennie Gupton since 1985. Her son Barry Gupton had recently rejoined the company to help assist in the business and to assist in the sale process. Rennie has successfully built an organization built on a high level of service with her experienced and well-trained team. When Rennie was considering selling her business, she hired VR Business Brokers to help facilitate the sale.
Rennie said, “We are very pleased to have successfully completed this transaction. I am absolutely thrilled that Caroline and Mitch are going to continue our tradition of excellent service for our clients. I am excited to see them grow this business as I focus on my family, my farm and some travel ahead. Thanks to Adam Petricoff at VR Business Brokers for all his hard work on getting this deal completed. I had never sold a business before but Adam helped me navigate this process.”
Caroline Sharp and Mitch Wilson have both left the world of banking and are excited about the future for Gupton Land Clearing, a huge shift but they are no doubt ready for the challenge.
“We see a great company that Rennie has built and we are so excited to learn and build this business in the months ahead,” said Caroline Sharp, one of the two new owners. “We are excited to continue to provide value to our clients.” Mitch Wilson, the other new owner of the business is so excited to begin. “Caroline and I have been looking for a great business to purchase and believe we have found it. I am so excited about working with Caroline, Rennie and Barry to learn and grow this business. What an amazing company and team Rennie and Barry have built. We can’t wait to build on the strong foundation that exists and grow the company. And thanks to Adam Petricoff for all his guidance along the way. This deal tested our patience during the documentation and closing process, but we are glad we got it completed.”
About VR Mergers & Acquisitions of Charlotte
Owned and operated by Adam Petricoff, VR Business Brokers’ located in Charlotte, NC specializes in providing intermediary services for buyers and sellers in the greater Charlotte and Southeast region. VR Mergers & Acquisitions has been helping business owners confidentially sell their business in the area since 1998 with hundreds of successful deals completed.