PCT LTD acquires South Carolina Company
May 5, 2022
LITTLE RIVER, SC – PCT LTD (Paradigm Convergence Technologies Corporation), a company focused on acquiring, developing, and providing sustainable, environmentally safe disinfecting, cleaning, and tracking technologies announced today that it completed the acquisition of a local South Carolina cleaning fluid company in an all cash deal.
The acquired company currently does about $200,000 in annual revenue and will increase substantially over the course of 2022 as corporate synergies between the companies begin. PCT will utilize the acquired company’s marketing expertise to bring new business and distribution channels to PCT, including equipment and fluid sales to local and national entities such as schools and healthcare facilities. PCT will handle all the back office support to facilitate new growth of the acquired company.
“We believe this acquisition will be mutually beneficial to both companies. They will give us access to new marketing channels and we will provide additional salespeople to begin bidding on local and national contracts. Combined revenue should start to ramp significantly during the third quarter of this year,” stated CEO Gary Grieco.
– BUSINESS WIRE
About PCT LTD
PCT LTD (“PCTL”) focuses its business on acquiring, developing, and providing sustainable, environmentally safe disinfecting, cleaning, and tracking technologies. The company acquires and holds rights to innovative products and technologies, which are commercialized through its wholly owned operating subsidiary, Paradigm Convergence Technologies Corporation (PCT Corp). The Company established entry into its target markets with commercially viable products in the United States and now continues to gain market share in the U.S. and U.K.
