TRANSWORLD BUSINESS ADVISORS OF THE GULF COAST SELLS HEAVY HITTERS –TIG RIG WELDING MANUFACTURER
Mobile, AL – March 21, 2023 - Transworld Business Advisors of the Gulf Coast has announced that a strategic buyer recently purchased Heavy Hitters from the company’s founder, Russell Lassiter, and his investment team. The sale is the result of a confidential sales process spearheaded by Transworld M&A advisory firm members Bill Whiston (Certified M&A Professional), Rebecca Semple (CFC), and Bill Kleinschrodt (CPA, CVA, CFC).
“While the buyer wishes to remain confidential, we are excited and optimistic that they possess the resources and culture to take this business forward, scaling it nationally and internationally,” Whiston said. “We look forward to seeing what they achieve in the future.”
Whiston added that the success of this transaction was directly related to Lassiter’s strategic development of this business.
“Heavy Hitters had developed an innovative product, secured reliable overseas suppliers and a great team to assemble the products,” he said. “They worked with highly skilled welders that demonstrated their TIG rigs performed quickly and effectively, often under tight and difficult circumstances. That combined with the knowledge and experience of the Transworld team to secure appropriate buyers allowed us to put together a successful deal that will allow this business to reach the next level.”
About Transworld Business Advisors of the Gulf Coast
Transworld Business Advisors is the world leader in the marketing and sales of privately owned businesses. If you are considering exit strategies from your business, represent an acquisition-minded corporation or are personally interested in owning a company or new franchise, Transworld offers the professional services that successfully bring buyers and sellers together. Our Gulf Coast location offers comprehensive business brokerage services, from franchise consulting, to mergers and acquisitions; we are the business sale specialists.
About Heavy Hitters
Heavy Hitters, founded in 2018, is a high-growth welding equipment manufacturing company headquartered in Mobile County, AL offering high-quality welding products and accessories. Their TIG rigs are hand-built and designed for performance, backed by world-class customer service and preferred by top-notch welders all over the globe. For more information, visit https://heavyhitterstigrigs.com/