Exit Partners Is Pleased to Announce a Successful Deal Closing For North East Texas Pallet, Inc.
Clarksville, Texas (PRWEB) October 19, 2017 -- NETX Pallet is a wood pallet manufacturer located in Clarksville, Texas. Exit Partners represented the former owner, Lance Downs, in the sale. “It was a great experience working with Exit Partners. In a short time frame, they secured numerous offers for me to consider, from both financial and strategic acquirers. Ultimately, I chose the best fit for myself as an owner, and the company going forward. I would recommend their process and expertise to anyone considering a business sale. It truly was an Optimal Outcome.”
Founded in 1989, North East Texas Pallet primarily served customers in Texas, Arkansas, Louisiana and Kansas. Producing over 100 truckloads weekly, the Clarksville facility manufactures standard, block and export pallets.
PalletOne Chief Executive Officer Howe Wallace said, "We are excited to expand our market share in Texas. This acquisition enhances our operational efficiency and customer service. We are proud to have such a capable group of managers and employees join our team and excited Lance will continue with the company as a part of our leadership team."
Exit Partners is a M&A advisory firm based in Plano, TX providing sell-side, buy-side, and strategic advisory services to well-positioned companies across many industries.
Organized in 2001 from predecessor companies, PalletOne now operates 17 locations in 9 states and manufactures new pallets, repairs and recycles used pallets and produces a variety of other wood products. The combined operations of PalletOne process more than 500 million board feet of lumber annually and employs more than 1,500 people at 21 locations.
Jon Mueller, Exit Partners, http://www.exitpartners.com, +1 214-295-4772, [email protected]
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