Mollenhour Gross Acquires PTAC, Inc.

KNOXVILLE, Tenn., March 1, 2018 /PRNewswire/ -- PTAC, Inc. (PTAC) announced today that it has been sold to Knoxville-based Mollenhour Gross, LLC in an all-cash asset sale.

David Howell, a seller and founder of the company (and the current Vice President of Sales), had this to say: "The sale was a win-win-win solution for Mollenhour Gross, for Jim [Karnes], and for me.  Throughout the process, Jordan [Mollenhour] and his team were prompt, accommodating, and a pleasure to work with. With the support of new ownership, our firm is well-positioned to serve a greater number of new and existing clients throughout the U.S., many of whom I have serviced for well over a decade."

Travis Bullington, President of the firm, added that "PTAC is a long-standing family business with a reputation for providing solutions that reflect its commitment to impeccable service, environmentally responsible processes, and results that deliver on clients' needs. Our objective is to preserve and enhance the legacy that David built by serving its many loyal clients (and new ones) with excellence. It has been a pleasure to work alongside and learn from David during this transition."

"We have tremendous respect for entrepreneurs who build something from nothing and that is what David and Jim did with PTAC, Inc.," offered Jordan Mollenhour of Mollenhour Gross. Dustin Gross added, "Our hope is to provide Travis, David, and their team with the environment, resources, and autonomy they need to focus on the long-term needs of the company and its clients."

About PTAC, Inc.:
PTAC, Inc. (https://www.ptacinc.com/), originating with David Howell in 2003, is a leading distributor and service provider in the hotel industry with locations in Knoxville and Las Vegas.  It is known for its nationwide servicing of hotel, hospitality, and assisted living properties and its unique offering of new and refurbished packaged terminal air conditioning (PTAC) equipment.

About Mollenhour Gross, LLC:
Established in 2004 by Jordan Mollenhour and Dustin Gross, Mollenhour Gross (http://www.mollenhourgross.com/) is a private holding company based in Knoxville, TN. Its portfolio companies are engaged in a variety of industries including e-commerce, building maintenance services, warehousing and order fulfillment, packaging technology, real estate, and software.

SOURCE Mollenhour Gross, LLC

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