WYNIT Distribution has closed its doors in Greenville.

The company moved its headquarters from Syracuse, N.Y., to the ONE Building at 2. Washington St. in downtown Greenville two years ago and had been named one of South Carolina's top employers earlier this month.

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But on Friday afternoon, citing unexpected financial issues, the company said it could no longer maintain its presence in Greenville.

"Right now they are closing everything in Greenville," said John Boyanoski, president of Complete Public Relations.

The closing of the Greenville division affects 140 people, according to a statement the company released through Complete PR on Friday afternoon. A transition team will stay in Greenville through the end of the year to help facilitate WYNIT's reorganization.

"Due to a number of unexpected financial issues combined with a disappointing holiday selling season, WYNIT Distribution LLC announced a reorganization today that will close its Wholesale Distribution Division based locally," the release said.

In January, court documents show that the holding company for the now defunct Sports Authority chain, TSA Holdings, sued WYNIT in federal bankruptcy court, asking for just over $1 million in credits that TSA says it was due according to a vendor agreement the two had signed previously. The case has not yet been resolved, and no other cases appear to be pending against WYNIT.

Company officials could not be reached for comment.

WYNIT Distribution is a marketing, distribution and logistics company that launched in 1987, according to its website. With operations in Minnesota, Tennessee, Nevada and Ontario, the company delivers high-tech goods such as 3-D printers, drones and software to companies around the country.

According to the company’s website, WYNIT works with manufacturers such as Garmin, Kodak, Canon, Fitbit and SanDisk to deliver product to resellers, who purchase the product through WYNIT as opposed to direct from the manufacturer.

“WYNIT extends the reach of their suppliers’ sales organizations,” the site said. “The WYNIT team views their customers as their suppliers’ customers who are on loan for safe keeping.”

Stephen Schmitt, a former WYNIT employee in New York who has been following the company, said he felt sick over news that the company had shut its doors here.

"I know a lot of the employees," Schmitt said. "There are a lot of them who moved down there and bought houses."

According to the release, WYNIT will maintain its software publishing and supply chain divisions in Minnesota.

WYNIT's distribution centers are in McCarran, Nev., and Memphis, Tenn. Efforts to reach company officials at those locations were unsuccessful.

While there were a lot of incentives talked about as part of the company’s move, WYNIT CEO Pete Richichi stressed in the release that the company never took any money from South Carolina taxpayers.

“We are grateful for the welcome Greenville and South Carolina gave to us,” Richichi said in the release. “This is not what we wanted or expected. Unfortunately, we were unable to adjust fast enough to unforeseen changes. This was purely a financial decision. Our hope is we emerge a better company.”

As recently as last fall, the distribution company was hiring personnel at its headquarters in downtown Greenville. And in early August, WYNIT was recognized as one of the best places to work in the "large employer" division of the South Carolina Chamber of Commerce's annual "Best Place to Work" celebration.

WYNIT's selection of Greenville for its new corporate headquarters was lauded in 2015 as part of a promising trend to lure white-collar jobs to the Upstate.