As previously announced, PTC Alliance consummated the sale of substantially all of the company's assets on August 27. The company will continue to be run by the same executive team.
"In the last 10 months, I have witnessed many employees working to perform multiple jobs or tasks beyond what their job description would specifically outline," said Randall Morgan, National Account Manager. "I know there were many days where circumstances were overwhelming, but the perseverance and determination to satisfy our customers and to perform their jobs with excellence prevailed."
"Because the whole sale process was, by nature, out of the ordinary course of business, many employees were asked to deal with new administrative, legal and operating problems, work longer hours and interact with new groups," said Tom Crowley, PTC Alliance's Chief Financial Officer. "Our employees really came together and stayed focused on these extraordinary challenges while keeping the normal day-to-day functions on track."
The result was a company that was able to continue operating business as usual and supporting its customers while it radically improved its financial structure.
"The economic climate and the restructuring created challenges that at times could have impacted our ability to serve our customers, but our employees took proactive steps to find solutions that ensured we continued providing our customers with the highest quality products on time," Hart said. "Every PTC Alliance employee should be proud."