Merritt
Computer Products, Ltd. ("MCPL") is a Dallas-based
entity formed to purchase the business and all major assets
of Merritt Computer Products, Inc. The individual initially
purchasing a minority interest in MCPL was a former executive
with a major computer company. Together, he and the sellers
formed a partnership for the transaction and long-term growth
of MCPL.
Merritt
Computer Products, Inc. was a privately held manufacturer of
consumable computer accessory products. The company had earned
a strong market share in flexible, formed polyurethane keyboard
"skins". Desiring liquidity and the opportunity to
remain involved in this successful entrepreneurial venture,
the sellers retained C.V. Lemmon & Co., Inc. to identify, negotiate,
and close a sale to a qualified investor. The minority investor
eventually purchased 100% of the company, which continues to
thrive.
C.V.
Lemmon & Co., Inc. represented the sellers in this transaction
by designing a selling program, preparing offering materials,
contacting and negotiating with potential buyers, and coordinating
the transaction to a closing. All parties are satisfied with
their results.
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