Longstanding Wilmington Business Sold to Entrepreneurial Father-son Team
Established in 1997, Wilmington Awning's legacy continues with experienced operators.
About the Company
Wilmington Awning, Shutter, and Shade have been a fixture of the Wilmington, North Carolina landscape for over two decades. Originally established in 1977, the business has not only thrived in the local climate but also adapted to the changing economic landscape. The company built its reputation on offering an extensive range of quality products, from awnings and shutters to shades, providing their clientele with functional, stylish solutions for sun and storm protection.
Partnership with MidStreet
In 2021, the company's third owner, Scott Bodemann approached MidStreet Mergers & Acquisitions in hopes of finding a suitable buyer for the successful business.
MidStreet initiated a comprehensive sale process. As part of our marketing strategy, we created a professional video showcasing Wilmington Awning, Shutter, and Shade. This powerful tool provided potential buyers with a clear view of the company's operations, product quality, and customer service. It successfully highlighted the business's growth potential, attracting a wide pool of potential buyers. The video was more than a presentation; it was the story of a successful business seeking a new chapter. This was one of the strategies MidStreet employed to pass on the legacy of Wilmington Awning, Shutter, and Shade.
The Sale Process
MidStreet was able to find a perfect match for Wilmington Awning, Shutter and Shade within a few months. After meticulous evaluation of several offers, Scott Bodemann decided to sell the business to local entrepreneurs, Kim and Holden Quinn, a father and son duo.
Kim Quinn founded Prima Tech USA in the early '90s. The company specialized in designing, developing, manufacturing, and distributing animal health products worldwide through veterinary distribution and multinational pharmaceutical companies. In November 2013, Quinn sold his company to Neogen Corp. (NASDAQ: NEOG). Recently, he has been overseeing the development of two coastal residential communities owned by his family and managing other private investments through KMQ, Inc.
His son, Holden Quinn, brings a fresh perspective and enthusiasm to the business. With a Bachelor of Business Administration from High Point University, Holden is eager to learn and contribute to his family's latest venture. He also brings valuable experience from his previous job an Account Manager for MegaCorp Logistics.
The Future of Wilmington Awning, Shutter & Shade
Since taking over the business in June 2022, Kim and Holden have worked tirelessly to continue the company's success. They have implemented new marketing strategies, expanded the product line, and improved customer service. With their passion for the industry and dedication to excellence, Wilmington Awning, Shutter and Shade is set for a bright future under its new leadership.
Scott Bodemann: The Next Chapter
Scott Bodemann, the former owner of Wilmington Awning, Shutter and Shade, embarks on a new venture in the business world as the Chief Operating Officer of Easy Denture.
Easy Denture™, provides everyone, regardless of their socioeconomic status, the ability to enjoy the simple pleasures of life – chewing and eating nutritious foods, laughing, and smiling without self-consciousness. Offering a same-day denture solution, Easy Denture provides a cost-effective, at-home denture solution.
At MidStreet, we are delighted to have played a part in Wilmington Awning, Shutter and Shade's success story. We wish Kim and Holden Quinn all the best as they continue to grow and develop this exceptional business. As for Scott Bodemann, we are grateful to have had the opportunity to work with him and help him find the perfect buyers who will carry on his legacy. We look forward to seeing what the future holds for this family-owned company in beautiful Wilmington, North Carolina.
