CAVU Acquiring Sinacori Builders, Expects 20 Million Revenues/Strong Profits in 2020Press Release | 01/21/2020
CHARLOTTE, N.C., Jan. 21, 2020 (GLOBE NEWSWIRE) -- CAVU Resources (CAVR) is excited to announce a Binding Agreement in Principle has been signed between CAVU Resources CEO Bob Silver and Sinacori Builders President and CEO Russell Sinacori.
CAVU Resources will acquire 100% of Sinacori Builders for a total amount of $4,700,000.00, on very shareowner friendly, Restricted/non-toxic terms.
The acquisition is scheduled to close on or before Friday, February 28th, 2020.
Sinacori Builders has grossed over 30 million dollars in revenue over the past three years with a consistent 20% profit margin year after year.
Without including the kushAMERICA innovative expansion and growth plan fueling this acquisition, Sinacori Builders is projecting over 20 million in gross revenue in 2020 with an increased profit margin.
“Sinacori Builders is so thankful and hopeful in partnering and working with the incredible creative business mind of Bob Silver and CAVU Resources. Our future couldn’t be more exciting,” stated Russell Sinacori, President & CEO of Sinacori Builders (www.sinacoribuilders.com).
Hmm looks to me like Bob formulated this deal
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