Hilco Merchant Resources Acquires Fixture Finders Inventory, Intellectual Property Assets.
17 April 2015 - US-based retail services company Hilco Merchant Resources, LLC has acquired all of the inventory and intellectual property assets of US-based fixed asset disposition firm Fixture Finders, LLC, Hilco said.
Terms of the deal were not disclosed.
According to Hilco, the deal creates a partnership and go to market strategic alliance that creates the largest fixed asset disposition firm in the United States
Fixture Finders is one of the nation's largest fixed asset disposition firms. The firm specialises in buying and selling fixtures, furniture and equipment for supermarkets, warehouse facilities with pallet racking, garment racks as well as back room clean outs of Lozier shelving and other garment racks.
The new legal entity will be called Fixture Finders, LLC d/b/a "Fixture Finders" and significantly expands Hilco Merchant Resources' current furniture, fixture, and equipment business.
Hilco Merchant Resources provides a range of analytical, advisory, asset monetisation, and capital investment services to help define and execute a retailer's strategic initiatives.
The firm's activities fall into several principal categories including acquisitions; disposition of underperforming stores; retail company or division wind downs; event sales to convert unwanted assets into working capital; interim company, division or store management teams; loss prevention; and, the monetization of furniture, fixtures and equipment which is managed by its Hilco Fixed Asset Recovery division.
The company is part of Northbrook, Illinois based Hilco Global, which offers valuation, monetisation and advisory solutions to an international marketplace. Hilco Global operates twenty specialized business units around the world.
Sector: Business and Consumer Services
Target: Fixture Finders, LLC/Inventory, IP Assets
Buyer: Hilco Merchant Resources, LLC
Vendor: Fixture Finders, LLC
Deal size in USD:
Type: Corporate Acquisition
Buyer advisor: , ,
Comment: Terms of the deal were not disclosed
|Printer friendly Cite/link Email Feedback|
|Publication:||M & A Navigator|
|Date:||Apr 17, 2015|
|Previous Article:||Invista Euro Real Estate Trust Sells Frankfurt Property for EUR 32m.|
|Next Article:||Hampton Roads Bankshares to Merge Subsidiary Banks.|