M&A on the Rise in IT Sector as Viking Mergers & Acquisitions Completes Sale of Corporate Armor

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Apr 05, 2016, 08:45 ET

CHARLOTTE, N.C., April 5, 2016 /PRNewswire/ -- Viking Mergers & Acquisitions, a well-known M&A firm, has successfully closed on the sale of Corporate Armor, a B2B IT Security Reseller based out of Charlotte, NC. Corporate Armor was founded in 2011 by Thomas Schiffers and a partner, after selling his previous IT business through Viking Mergers. Thomas Schiffers has grown Corporate Armor significantly since its inception and is now one of the leading IT security providers in North America.

Greg White, a Senior Advisor at Viking Mergers & Acquisitions, represented Schiffers during the transaction. Within 3 months of listing the business, an offer was made by a cyber intelligence firm.

Due to the teamwork and collaboration seen from both the buyer and seller, the deal was able to close only 5 weeks after the offer was made. "I could not be more pleased with the outcome of this deal. I applaud Viking Mergers for their professionalism and focus, which lead to the 5 week closing period!", says Thomas Schiffers. The new owners of Corporate Armor plan to continue growing the business and exploring new growth opportunities.

About Viking Mergers & Acquisitions
Viking Mergers & Acquisitions was founded in 1996 by father-son team, Brad and Jay Offerdahl. For 20 years, Viking Mergers & Acquisitions has strived to provide customized exit strategies and M&A representation to the middle market business owners of the Southeast. Having closed over 500 successful business sale transactions, Viking boasts a closing rate of nearly 3x the national average and is proud to be among the top 2% of M&A brokers in the nation. Their intermediaries have over 100 years of collective experience in business transactions and nearly 75% have owned a business of their own.

To learn more about Viking Mergers & Acquisitions, please contact their office today at (704) 676-0940, or visit their website (www.vikingmergers.com )to see active business listings or request a valuation for your business.

Media Contact:
Gabrielle Ullrich
704-676-0940

SOURCE Viking Mergers & Acquisitions