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Pacific Coast Business Times: CMC Rescue has purchased…

January 11, 2013

Deal of the week: CMC Rescue has purchased…

Santa Barbara, Calfornia – Published 1/11/2013
Pacific Coast Business Times
Deal of the week: CMC Rescue has purchased…
DEAL OF THE WEEK By Marlize van Romburgh

CMC Rescue has purchased a 58,000-square-foot building at 6740 Cortona Drive in Goleta, not far from its current location at 41 Aero Camino. The new location allows CMC to stay in Goleta, where it has manufactured rescue equipment for more than 35 years, evolving from a 1970s garage startup to one of the largest rescue equipment manufacturers in the world.

The company will move to its new location this summer after performing extensive renovations on the property, according to Radius Commercial Real Estate & Investments.

Brad Frohling of Radius represented CMC Rescue in the purchase. Paul Gamberdella, also of Radius, represented the property owner in the deal.

“Our 70 employee-owners are excited to have found the right facility to accommodate our growth right here in Goleta where the company has its roots,” CMC Rescue CEO Rich Phillips said in a news release. The company, which was one of the Pacific Coast Business Times’ Spirit of Small Business award winners last year, is an employee-owned corporation.

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