Statesville, NC – Longino Distributing, a company providing top quality POS products and accessories for small businesses, serving the mid-Atlantic and Southeast United States, and the Northeast and New York areas from a satellite center in Massachusetts, is under new ownership.
Joe Vagnone, the Charlotte Area Managing Director with ENLIGN Business Brokers & Advisors facilitated this sale between the Seller Ed Longino, and Reed Robertson, the Buyer. The sale of this business was especially challenging, due to the COVID-19 pandemic plaguing the world with both physical restrictions and economic challenges for the seven months prior to the sale of this business, whose main market consists of restaurants and small retail stores.
Joe Vagnone had this to say: “The distribution industry has been changing right before our eyes, requiring more and more cost control and inventory control than ever before. A buyer will need to be creative and a true partner with the dealers they supply. Reed Robertson will prove great at this challenge.”
Joe Vagnone is a proud referral partner of Quest (www.questnow.net