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.
<<
Last Article
Next
Article >>
