AAP, Inc. To Acquire 18% Stake in Redtail, LLC for $1.5 Million

Rhea-AI Summary

AAP, Inc. (OTC Pink: AAPJ) announced the acquisition of an 18% stake in Redtail, LLC for $1.5 million in cash, with an option to acquire the remaining 82%. CEO Paul Bakajin emphasized this investment as a strategic move into an emerging growth industry, aiming for operational synergies. Redtail is projected to achieve over $12 million in working projects for 2021, marking a significant growth year. This partnership is expected to enhance AAP's financial position and shareholder value through collaborative revenue-generating and cost-saving opportunities.

Positive

• Acquisition of 18% stake in Redtail, LLC for $1.5 million, with an option for full acquisition.
• Strategic entry into the emerging construction industry, enhancing AAP's growth potential.
• Projected $12 million in working projects for Redtail in 2021, indicating strong growth.

Negative

• None.

Cheyenne, Wyoming, July 14, 2021 (GLOBE NEWSWIRE) -- AAP, Inc. (OTC Pink: AAPJ) today announced that it has entered into a definitive agreement to acquire an 18 percent stake in Redtail, LLC, a privately held construction company, for $1.5 million in cash. Under the terms of the agreement, AAP, Inc., has the option to acquire the remaining 82 percent of Redtail. 

APP, Inc. President and CEO Paul Bakajin commented, "This investment in Redtail, LLC will provide us with a presence in an emerging growth industry in a financially and operationally prudent way. I have always viewed AAP, Inc, being a business leader in an attractive growth category for us to expand our presence beyond just one business model. This transaction gives us the opportunity to do that with a business partnership with Redtail, LLC. Redtail, LLC has a first-rate management team with a combined 40 years of experience within the construction industry, talented employees and a mission, values and commitment to innovation that are very closely aligned with our own, and we are excited to move forward with them."     

"Redtail, LLC and AAP, Inc. are complementary in our respective industry capabilities," said AAP, Inc. CEO and President Paul Bakajin. "We are passionate about building innovative and successful businesses.  Ultimately, this will give us more resources to grow."

With 2021 working projects in excess of $12 Million, Redtail, LLC is projected to have one of its best years to date. Redtail, LLC continues to surprise us with how much growth and progress it has made in the last few years. Redtail, LLC was founded just a few years ago and is now at a stage where expansion means taking on a quality partner.

This partnership significantly enhances both AAP, Inc., and Redtail, LLC.  Going forward, the two companies will work together to pursue revenue-generating and cost-saving opportunities to improve operational efficiency.  For AAP, Inc. leveraging our portfolios of strong businesses will enhance our financial position and increase shareholder value. More information about Redtail, LLC will be provided very soon.  Their website is: https://www.redtailco.com .

Mr. Bakajin also stated, “I am very excited and grateful to be working with Redtail, LLC. They are very experienced professionals with a long history in the Construction industry. This transaction will provide us with another great opportunity to take our company further along the road to prosperity.

To better reflect the company’s new direction. Please disregard any and all past social media posts and/ or news releases.  A company press release will verify any new social media outlets. Currently, the only media outlet is the company’s Twitter account @TheRealAAPJ. In order to better communicate with our shareholders, please email us at info@aap-inc.com. The Company’s new website is https://aap-inc.com. All information can be verified at https://www.otcmarkets.com/stock/AAPJ/profile. We will be providing many more updates for our shareholders as the company moves in a new direction.”

Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. The company may make forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are estimates that reflect the company’s best judgment based upon current information. All investments involve risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company’s public announcements.

Contact:
AAP, Inc.
info@aap-inc.com

FAQ

What is AAPJ's recent acquisition?

AAPJ has acquired an 18% stake in Redtail, LLC for $1.5 million, with options for further acquisition.

How will the acquisition of Redtail impact AAPJ's business?

The acquisition is expected to enhance AAPJ's presence in the construction sector and increase operational efficiencies.

What financial benefits does AAPJ expect from the Redtail partnership?

AAPJ anticipates improved financial position and shareholder value through revenue-generating and cost-saving initiatives.

How did Redtail perform in 2021?

Redtail is projected to achieve over $12 million in working projects, indicating substantial growth.

What future plans does AAPJ have after the acquisition?

AAPJ aims to leverage synergies from the acquisition to expand its business and pursue further growth opportunities.