M&A
confidence high
sentiment neutral
materiality 0.65
Omnitek closes sale of diesel-to-alt-fuel assets to Omnitek Corp.; shifts to NC ready-mix after Hard Rock Ready Mix buy
Omnitek Engineering Corp
- Omnitek Engineering sold substantially all assets of its diesel-to-alternative-fuel engine conversion business to newly formed Omnitek Corp., which assumed related liabilities; closed Oct 2, 2026.
- Werner Funk, named Vice President and director, terminated his employment agreement and forgave/waived $632,273 of back salary and all other debts owed by the company.
- Following the closing of the acquisition of Hard Rock Ready Mix, LLC, the company transitioned to ready-mix operations in North Carolina; principal office moved to Monroe, NC from Vista, CA.
- New officers: Kevin Jay Hayes Jr. as President/CEO, CFO and Secretary; Werner Funk as Vice President. Directors: Hayes, Brett Kiker, Funk, Gary S. Maier and John M. Palumbo.
- Purchase price and proceeds not disclosed in the filing text; buyer is a newly formed California corporation organized specifically to buy the Omnitek business.