An Acquisition Transaction C.V. Lemmon Has Completed

Star Point Enterprises, Inc. was an acquisition company formed for the purpose of acquiring Pointer's International, Inc. A successful individual, who desired to purchase a growing, dynamic, profitable, and fun business owned Star Point.

Pointer's International, Inc. was a successful manufacturer of fitted wool baseball caps under the trade name "Pro-Line". Pointer's market dominance was so strong that ninety percent of all Division I college baseball teams wore "Pro-Line" caps on the field. The owners of Pointer's desired to sell their business in order to simplify their lives and retire.

C.V. Lemmon & Co., Inc. represented the buyer in this transaction to identify the target company, advise in valuation and structuring negotiations, and assist to obtain acquisition financing. Following the closing, one of the sellers was so impressed by the business resources and energy of the buyer, the seller asked to stay with the company to manage all production. This transaction was a perfect cultural and financial match between the buyer and seller.

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