Star-Struck

Star Struck

Business Description

Star Struck, Ltd. was a diversified holdings company with two divisions: online licensed sport retailing and jewelry supplies.

Background

The Company was seeking to sell one of its subsidiaries, Star Struck, Inc.  This division was a leading distributor of watch batteries and related supplies to the jewelry trade, but had a significant concentration with its largest customer, WalMart.

Solution

Carter Morse & Mathias arranged, structured and negotiated the sale of Star Struck assets to Waveland Investments, LLC, a Chicago-based private investment firm focused on lower middle market manufacturing, distribution and service companies.