Oakdale, CA – Inter-Mountain Truss Company, Inc., (IMT), a manufacturer of quality
wood trusses, has been sold to Central Valley entrepreneur Jeff McKay, it was announced
today. Terms of the deal were not disclosed.
Majority-owned by Lance Lester for more than 40 years, IMT has been a go-to provider
of wood trusses for custom home builders and commercial developers throughout
Northern California and the Central Valley. Mr. Lester said he plans to assist the new
owner through the ownership transition and retire in the coming months.
“It’s been a great 40-plus year run for me at Inter-Mountain Truss Company,” Lester
said. “The decision to sell is never easy, but the time is right for me to retire. I have been
fortunate to have great employees, vendors, and customers in this business over many
years. I am excited to pass the torch to Jeff Mckay and his team. I am confident they will
do an excellent job of continuing Inter-Mountain’s tradition of putting our customers
first.”
The buyer, Jeff McKay, is a 30-year veteran of the credit card processing/payments
industry and has been involved in the ATM equipment vending business since 1983. Jeff
also owns Jessee Equipment Manufacturing in Chico, Ca, Wholesome Nut Company in
Modesto, California, and Fortress Payment Technologies with offices in California and
Georgia. He is an active elected board member of the Stanislaus Union School District
and previously was a Ceres City Councilman.
Mr. McKay has hired David Johnson to run Inter-Mountain Truss Company. McKay said
of the acquisition: “I am very pleased to purchase this high-quality, locally-run company
with a rock-solid reputation, sound financials, and over 40 years in the truss industry.
Lance has agreed to stay on and train David so that the transfer of the company will occur
seamlessly.”
Gold Country Advisors, a merger & acquisition (M&A) firm in Folsom, CA, represented
Mr. Lester in the transaction.
For more information, contact the buyer Jeff McKay at (209) 985-9900.
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