SureSource LLC acquires leading electronics E-tailer
SOUTHPORT, Connecticut, November 1, 2008 -- Carter Morse & Mathias today announced that SureSource LLC, a portfolio company of Veronis Suhler Stevenson (“VSS”), a leading private equity investor, has acquired a leading consumer electronics online retailer (the “Company”). Carter Morse & Mathias was the exclusive financial advisor to the Company. Terms of the transaction were not disclosed.
The Company is a leading multi-site specialty online retailer of consumer electronics. Through direct relationships with the largest manufacturers in the world, the Company offers more than 3,000 products ranging in price from less than $100 to more than $10,000.
This acquisition complements SureSource’s direct-to-consumer strategy and expands their category store initiatives. This acquisition also leverages SureSource’s strong consumer interaction and order fulfillment infrastructure.
Todd Holson, SureSource's Founder, President and CEO, said “the Company is an excellent strategic addition to our direct-to-consumer business, firmly positioning us in the higher growth multi-channel specialty retail sectors. The Company’s excellent reputation and brand equity, coupled with SureSource’s leading position in customer support and fulfillment, creates a strong platform for growth."
The Company’s Founder and CEO comments “It was a pleasure to work with the professionals at Carter Morse & Mathias. Without their help, we would never have been able to create this great partnership with SureSource.”